Day 151

Lesson Objectives

• Describe the steps when filing a federal income tax return.

Assignment TU3.7

1. Today we will be working through steps for the Exemptions, Taxable Income, and Total Tax sections of the 1040.  To complete these steps, you will need the following materials and these instructions:
   • Form 1040 (obtained from your teacher)
   • J.B. & Dianna Jenkins Personal Information (Espanol)
   • Tax Documents
   • Tax Tables

Assignment TU3.8

1. After walking through the steps for preparing the Exemptions, Taxable Income, and Total Tax sections of the 1040 in class with your teacher, use the following information to prepare those same sections of Form 1040 using the information below:
   • Your Shultz 1040-(Your Initials) in your Lesson 3 folder.
   • Mark & Katie Schultz Personal Information (Espanol)
   • Tax Tables
   • Once you have completed the 1040, use this audit to check your figures.

Assignment TU3.9

1. After completing the assigned tasks in Lesson 3 above, share your Lesson 3 folder with your teacher.  You should have the following files in your Lesson 3 folder:
   • State Income Tax
   • Shultz 1040

Lesson 3 Quiz-TU

1. Complete the Lesson 3 Quiz for the Tax Unit.