For the case below, do the following: 1. Identifies and breaks down the deductions to which the taxpayer is entitled. 2. Calculate the federal income tax. 3. Determines how each taxpayer must pay their contributions according to their marital status and conditions. 4. Identifies if the children of the taxpayers are considered qualifying children. Use Chart B of the instructions found in IRS 1040 and 1040-SR 2021 Tax Year. Case 1: Roberto Robles Roberto Robles is a manager in a restaurant; His salary for this tax year was $65,000. He received a $60,000 inheritance and $13,000 in interest from a savings account. Roberto files his taxes together with his wife, who works as an administrator of a complex and has a salary of $45,000. They have two children: a 21-year-old who studies at the university, and an 18-year-old who does not study.
Federal Income tax
For the case below, do the following:
1. Identifies and breaks down the deductions to which the taxpayer is entitled.
2. Calculate the federal income tax.
3. Determines how each taxpayer must pay their contributions according to their marital status and conditions.
4. Identifies if the children of the taxpayers are considered qualifying children. Use Chart B of the instructions found in IRS 1040 and 1040-SR 2021 Tax Year.
Case 1: Roberto Robles
Roberto Robles is a manager in a restaurant; His salary for this tax year was $65,000. He received a $60,000 inheritance and $13,000 in interest from a savings account. Roberto files his taxes together with his wife, who works as an administrator of a complex and has a salary of $45,000. They have two children: a 21-year-old who studies at the university, and an 18-year-old who does not study.
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