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Tax Simulation Activity Complete the following tax simulation activity: 1. Review the sample W2 ($20k in wages), focusing primarily on the fields with data. 2. Review the Anatomy of a Tax Return (based

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How to fill out complete form following tax

01

Gather all necessary tax documents, such as W-2s, 1099s, and receipts.

02

Start by entering personal information, including your name, address, and Social Security number.

03

Follow the instructions on the form to report your income. This may include wages, self-employment income, interest, dividends, and other sources.

04

Deduct any eligible expenses, such as business expenses, mortgage interest, and medical expenses.

05

Calculate your tax liability using the appropriate tax rates and deductions for your filing status.

06

Complete any additional sections or schedules required for your specific tax situation.

07

Double-check all entries and calculations for accuracy.

08

Sign and date the form before submission.

Who needs complete form following tax?

01

Anyone who is required to file a tax return must fill out and complete the necessary tax forms.

02

This includes individuals who have earned a certain amount of income, self-employed individuals, and those with complex tax situations.

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