Joe received a W-2 from his employer that showed he earned $ 45,000 in wages last year. He received a 1099 -INT from his bank that showed he earned $ 500 in taxable interest last year. Joe is single and no one
can claim him as a dependent.
1
Wages salaries, and tips. This should be shown in box 1 of your Form) W-2
Anach your Form() W-2
1
Income
Attach
Form(s) W-2
here.
Enclose, but do
payment
2
Taxable interest. If the total is over $1.500. you can use Form 1040EZ
2
3 Unemployment compensation and Alaska Permanent Fund dividends (see instructions),
3
4
s
Add lines 1, 2 and 3. This is your adjusted gross income.
If someone can claim you (or your spouse if a joint retum) as a dependent, check
the applicable borſes) below and enter the amount from the worksheet on back
You
Spouse
If no one can claim you (or your spouse if a joint return), enter 510,000 if singles
$20,000 if married filing Jointly. See back for explanation
Subtract line from line 4. If line 5 is larger than line 4, cater-
This is your taxable income.
5
6
6
Use the 1040EZ form shown above to calculate Joe's taxable income for last year.
A. $ 0
B. $ 35,000
C. $35,500
D. 55.500