7.4 Day 1 1040s Worksheet

1. Arthur's employer withheld $15,987.76 in federal income tax. After completing his return, Arthur has determined that his tax is $18,945.22. Will Art get a refund, or does he owe the IRS?

• Refund

• Owe

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CCSS.7.EE.B.3

1. Arthur's employer withheld $15,987.76 in federal income tax. After completing his return, Arthur has determined that his tax is $18,945.22. How much will Art owe the IRS?

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CCSS.6.NS.B.3

2. Latoya is an accountant who also works as a part-time museum tour guide. Information from her tax worksheet is wages from accounting job, $85,290.45; wages from museum job, $12,670.34; bank interest, $563.99; and stock dividends, $234.67. What is Latoya’s total income?

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CCSS.6.NS.B.3

3. Drew is single with a taxable income for last year of $83,472. His employer withheld $16,998 in federal taxes.

a. Use the tax tables booklet to determine Drew’s tax.

3. Drew is single with a taxable income for last year of $83,472. His employer withheld $16,998 in federal taxes.

b. Does Drew get a refund?

• Yes

• No

3. Drew is single with a taxable income for last year of $83,472. His employer withheld $16,998 in federal taxes.

c. Find the difference between Drew’s tax and the amount withheld by his employer.

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CCSS.HSA.APR.C.4

4. Davia and Bill are married and fi le their taxes jointly. Davia’s taxable income was $50,675 and Bill’s was $32,802. Davia’s employer withheld $11,654 in federal taxes. Bill’s employer withheld$7,345 in federal taxes.

a. What is their combined taxable income?

4. Davia and Bill are married and fi le their taxes jointly. Davia’s taxable income was $50,675 and Bill’s was $32,802. Davia’s employer withheld $11,654 in federal taxes. Bill’s employer withheld$7,345 in federal taxes.

b. Use the tax tables booklet to determine their tax.

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CCSS.8.EE.C.8B

CCSS.HSA.REI.C.6

4. Davia and Bill are married and fi le their taxes jointly. Davia’s taxable income was $50,675 and Bill’s was $32,802. Davia’s employer withheld $11,654 in federal taxes. Bill’s employer withheld$7,345 in federal taxes.

c. Do they get a refund?

• Yes

• No

4. Davia and Bill are married and fi le their taxes jointly. Davia’s taxable income was $50,675 and Bill’s was $32,802. Davia’s employer withheld $11,654 in federal taxes. Bill’s employer withheld$7,345 in federal taxes.

d. Find the difference between their tax and the amount withheld by their employers.

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CCSS.7.EE.B.3