Name: Tiffany Brito

CHAPTER 12 COMPREHENSIVE TAX RETURN ASSIGNMENT

Using the data for RUSSELL and JANIE ARMSTRONG, in the separate data file, prepare the FEDERAL
and UTAH tax returns using any method you choose. Using the completed returns, answer the
following questions:
1. How much in taxable interest is reported on the 1040? __________414______________
2. How much in ordinary dividends is reported on the 1040? __________952_____________
3. Is Schedule B required to be attached to the 1040? __ No .
4. What is the income (loss) reported on the 1040, line 12? ___________38078___________
5. What is the capital gain (loss) reported on the 1040, line 13? ____________9840_________
6. What is the income (loss) reported on the 1040, line 17? __________116697____________
7. What is the total for AGI adjustments reported on the 1040, line 36? ________22808_____
8. How much is reported as itemized deductions on the 1040, line 40? ________32297______
9. How much is reported as taxable income on the 1040, line 43? ____________94997______
10. What is the taxpayers federal income tax on the 1040, line 44? ____________14968_____
11. Is the taxpayer subject to the AMT? (Yes or No) __ No .
12. How much can the taxpayer claim in credits on the 1040, line 55? _______42___________
13. How much do the Armstrongs owe in Self-Employment taxes? _________5732_________
14. Is the taxpayer subject to the Health Care Individual Responsibility payment? No .
15. What amount is reported as total payments on Form 1040, line 74? _________36575_____
16. What is the Utah taxable income reported on Form TC-40, line 9? ___________14317____
17. How much is the Utah taxpayer tax credit reported on the TC-40, line 20? ______1186____
18. How much is reported as withholdings/credits on the TC-40, line 39? _________0_______

SUBMISSION INSTRUCTIONS:
1. Using this page as a coversheet, please scan/print this page and the completed tax return to
a single PDF file and upload the return through Canvas for grading on or before the due
date noted in Canvas. Late returns will be subject to the late penalty and will only be
accepted through Reading Day, April 28th.
2. This assignment serves as the ePortfolio signature assignment for this course. Please
upload the return, along with a brief reflection, to your ePortfolio and provide your
ePortfolio link in the comment section of the assignment in Canvas.