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ACTIVITY
Prepare the Erbs Form 1040 tax return using .equella.ecollege.com/file/33659931-e9a7-4513-84f0-0cfe7d784d83/1/images–acct224_w2.gif”>Jackson’s W-2. Click .equella.ecollege.com/file/33659931-e9a7-4513-84f0-0cfe7d784d83/1/documents–YouDecide_wk21040.pdf”>here for a fillable Form 1040.
Prepare a two- to three-page paper (approximately 350 words per page) explaining the following to the Erbs.
•Why can’t you give them a refund?
•How were their refund and taxes due calculated?
•Why are they or why are they not subject to the AMT?
Grading Rubric
CategoryPointsDescriptionComprehension10Demonstrate a strong grasp of the problem at hand. Demonstrate an understanding of how the course concepts apply to the problem.Analysis15