Jacob and Taylor Weaver

Analyze official rules and instructions to determine an individual’s tax liability and complete a basic tax return.
Note: Completing a tax return requires specific steps that need to be executed in a sequence. The assessments in
this course are presented in a sequence and must be completed in order. Incorrect entries in this assessment will
result in incorrect entries in future assessments. Do not complete Assessment 2 until you have submitted and
received faculty feedback for Assessment 1.
Introduction
Using an official primary source to obtain answers to tax questions is an essential academic skill and step toward
financial literacy. In this assessment you will consult the primary sources available to all citizens from the IRS to
identify rules such as the age limit of a dependent child, the amount of earnings that trigger a filing requirement,
and whether or not tax software is necessary to purchase for every return.
Note: The assessments in this course are presented in a sequence and must be completed in order. Do not proceed
to Assessment 2 until you have submitted and received faculty feedback for Assessment 1.
Preparation
This assessment has two parts.
Part 1: Submit a Word document in which you analyze official rules and instructions to determine an
individual’s tax liability.
Part 2: Submit a completed basic tax form.
Scenario
Read the following scenario before beginning the assessment. Then complete the two parts below.
Your relatives, Jacob and Taylor Weaver, have asked for your help in completing their tax return because
they know you took an income tax course at Capella. You caution them that while you plan on eventually
becoming an accountant, you are no expert. You agree to informally assist them with basic information
gleaned from the IRS Web site. At least you know how to find information.
John Weaver, Jacob and Taylor’s son, is a 17-year-old high school graduate, lives at home, and works parttime at a service station, saving money for college. In 2019, he earned $5,242.00, as reported on his W-2
form. Federal taxes withheld were $940; state taxes withheld were $179.
He does not know his filing status, or if he even has to file a tax return. He is covered by his parents’ health
insurance. His father thinks he can claim John as a dependent. John has no other income. John’s Social
Security number is 123-45-6789. His address is 1234 Happy Lane, Happytown, MN 50000.