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Business, 28.01.2020 06:31 queenpaige2015
Mary won a $750 prize in a women’s club raffle in 2016. no income tax was withheld from the prize.
the key lime pie company provides carl with a company car to drive while he is working. the company spent $6,475 to maintain this vehicle during 2016. carl never uses the car for personal purposes. the key lime pie company also provides a cafeteria for all employees on the factory premises. other resturanet exist in the aera and so carl is not required to eat in the cafateria, but he typically does. the value of carl's meals is $650 in 2016.
required:
complete carl and mary’s federal tax return for 2016. use form 1040 on pages 2-53 and 2-54. make realistic assumptions about any missing data.
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Mary won a $750 prize in a women’s club raffle in 2016. no income tax was withheld from the prize.
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