Training Home – Understanding Taxes – Exercise 7A

Exercise 7A – Monica L. Lindo

You should have completed the federal simulation return for Monica Lindo before starting this exercise.
If you have not completed the federal return, you may access and complete the IRS module for Monica at http://www.irs.gov/app/understandingTaxes/jsp/s_student_simulations.jsp.

The filing status on Monica's federal return was single. The following information was reported on her federal return:

Monica elected to have her federal refund directly deposited into her checking account. If Monica receives a Utah refund, she would also like it deposited into her checking account. The bank routing number entered on her federal return is 242222211 and her checking account number is 10230222332.

You will need the following forms to complete Monica's Utah individual income tax return:

• Monica's W2. You need the Utah state wages and state income tax that was withheld from her wages.
• Utah Individual Income Tax Return. Your instructor may provide you with a blank copy of the Utah return or you may complete a fill-in return online Form TC-40.
• 2006 Utah Tax Calculation Worksheet.

If you need to review the step-by-step instructions click here.

When you have completed Monica's return click here to check your work.

If you are ready to complete the next exercise, click below or select any exercise from the index.