Accounting and Finance Foundations

Unit 9

Accounting and Finance Foundations Unit 9: Taxes 728

Tasks

A. Go to http://www.irs.gov/pub/irs-pdf/f1040ez.pdf to access an interactive version of Form 1040EZ.

Complete the tax form for Mr. Gaston, and then print and/or save a copy of it for your records.

(IRS tax tables are available at http://www.irs.gov/pub/irs-pdf/i1040ez.pdf.)

B. Mr. Gaston is interested in preparing his own taxes in the coming years. So, after preparing his tax

return, write a memo to him in which you explain the steps that you followed to complete his 1040EZ

form. In your memo, also be sure to discuss the significance of the different line items on his tax return.

Open-Response Unit Assessment S/T Guide

KY

999-99-9999

WB AQuitAine CompAnY

987 mAin St

FrAnKFort KY 40604

mAuriCe r GASton

1000 CentrAl Ave

FrAnKFort KY 40604

24758.00 2100.00

24758.00

24758.00

1535.00

358.99

55-55555 24758.00 495.16 24758.00 247.58 FrFt

00001

Scenario (cont’d)