Assignment #1 - Chapter Review

Problem 7-1.

Instructions:

1. Manually complete Keith's tax return including all required schedules and forms, using the

fillable forms package.

2. As part of this assignment, complete Step 5 Part A for Katie's tax return (for taxable income of

$87,321).

3. Save these forms on your computer.

4. Log in to uLearn to answer the questions in your transcript. The assignment asks questions

about the completed return and there is a mix of multiple choice and numeric fill in the blank

questions (i.e. asking for values from specific lines of the tax return).

uLearn Fill in the blank instructions.

When entering the numbers, the dollar symbol ($) is never to be used and all entries must be

entered as numbers with the correct use of commas (,) and decimal point and need to be entered

to exactly two decimal places.

All answers need to be correctly rounded to two decimal places get the mark. (i.e. even if an

answer is off by only a penny it is wrong.)