Federal Income Tax I – Simple Tax Return

Information and Instructions

One of your tax clients, Jane Doe recommended her cousin, Martin Doe to your firm. Martin generally
prepares his tax returns himself, however, this year he decided he would like to hire a trusted tax
accountant. Since he trusts his cousin, he has hired you as his tax accountant for the year. His
pertinent information is as follows:

Personal Information
Martin Doe (SS# 103-59-2009) is a College Advisor. His date of birth is January 11, 1970. His home
address is 611 Main Street, New Rochelle, NY 10801. His email address is martindoe@gmail.com.
His telephone number is 718-766-9211.

Income Information
1) He is employed by Monroe College. His W-2 showed that his salary for the year amounted to
$44,134.11 (this is reported on Form 1040 page 1, Line 1). Federal tax withheld was
$6,754.99. (This is reported on Form 1040 page 2, Lines 25a and 25d).

2) He earned interest income from JP Morgan Chase during the year of $428. (This is reported
on Form 1040 page 1, Line 2b, and Part I of Schedule B).

3) He received dividend income from ABC Corporation during the year of $733. (This is reported
on Form 1040 page 1, Line 3a and 3b, and Part II of Schedule B).

Other information
4) Martin is not married and has no dependents.

5) He does not contribute to the Presidential Election Campaign Fund.

6) Martin has no deductions for adjusted gross income.

Instructions: Prepare Martin’s current year Tax Return (Form 1040) and determine whether
he has a net balance due or a refund.