Requirements:
Writing, using software, and interpreting results is a large part of your learning experience. These assignments are designed to improve your use of technology and communication skills. Using proper business English and resources from the library you will comment and share your research with your classmates. Make sure you note your source in proper APA format.
Project Information:
You are working for a local accountant during tax season and the accountant has asked you to help with the tax preparation needs of Russell and Denise Powell.
Week 1 Writing Assignment Part 1:
On December 31 of the current year, Russell Powell got married to Denise Powell. Denise had a daughter from a previous relationship that is currently 13 years old. Using your understanding of the concepts in the first 3 chapters, please draft a letter to Russell and Denise and help them understand their options for which filing status to use, and whether or not they may claim Denise’s daughter as a dependent on their current year tax return. Your letter to Mr. Powell should summarize the facts, issues, and conclusions in non-technical language. Dont forget your authorities, cites, etc.
Week 1: Submit a 1-2 page letter to Mr. Powell with references.
Information that I only found as of now:
Russell and Denise Powell are married filing jointly. Their address is 525 Spencer Street Miami, FL 33054.
Additional Information about Mr. and Mrs. Powell is as follows:
Russell Powell Denise Powell
Social Security Number: 412-34-5670 Social Security Number: 412-34-5671
Date of Birth: 4/11/1971 Date of Birth: 7/24/1974
W-2 For Russell shows these amounts: W-2 for Denise shows these amounts:
Wages (Box 1): $75,000 Wages (Box 1): $35,000
Federal W/H (Box 2): $6,950 Federal W/H (Box 2): $3,820
Social Security Wages (Box 3): $75,000 Social Security Wages (Box 3): $35,000
Social Security W/H (Box 4): $4,650 Social Security W/H (Box 4): $2,025
Medicare Wages (Box 5): $75,000 Medicare Wages (Box 5): $35,000
Medicare W/H (Box 6): $1,088 Medicare W/H (Box 6): $475
-Form 1099-INT for Russell and Denise show this amount: Box 1 = $3,740 Peninsula Bank
-They also received tax-exempt interest of $1,500, as well as $90 for jury duty pay when Denise went to court to serve for two days.
-Denise received two weeks of worker’s compensation pay for a total of $1,750.
-Dependent: Daughter Sarah Powell. Her date of birth is 6/15/2008. Her Social Security number is 412-34-5672
Paper is written at the university level. Error-free writing is clear and thoughts are organized into complete sentences and paragraphs.
Library Assistance
Link to Keiser’s elibrary resources: http://kesu-verso.auto-graphics.com/MVC/
PowerPoint instruction on how to use the Keiser elibrary: Keiser Slide show Library-Orientation-login-and-navigate-lesson1.pptx
Guidance on how to log in and use the Keiser elibrary: KU Library login guide2014October3.pdf
How to cite work from the library: How to cite work from the library.docx
This link helps with APA format: https://owl.purdue.edu/owl/research_and_citation/apa_style/apa_formatting_and_style_guide/general_format.html