Lesson
prehensive
Ten
Page
Module
Mid-Term
1 of 1010/16/2026,
2 Final
Exam Exam
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Scenario
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Module 2 Final Exam Scenario Lesson TenM
Comprehensive Module 2: Final Exam Scenario
Zach D. (age 49, DOB: 1/7/1974, SSN: 497-00-2146) and Victoria L. (age 42, DOB: 4/1/1981, SSN: 421-
00-1019) Colby live in a townhouse located at 3842 Timber Creek Drive, Your City, Your State – Your Zip.
They use the “married filing jointly” filing status for the 2023 tax year. Neither want to designate $3 of their
taxes for the Presidential Election Campaign. The whole family was covered by health insurance all year.
Their two older children, Zach Jr. (age 12, DOB: 2/19/2011, SSN: 530-00-1110) and Meagan (age 10, DOB:
1/9/2013, SSN: 530-00-1212) lived with them all year. Their youngest child, Mitchell (SSN: 530-00-1243),
was born December 30, 2023.
Zach Jr. and Meagan attended daycare at Mother Goose Day Care Center located at 9121 Old Hundred
Road, Your City, Your State – Your Zip. The identification number for Mother Goose is 54-8741254. Zach
and Victoria paid a total of $13,000 ($5,000 for Zach, Jr. and $8,000 for Meagan) for daycare.
Victoria’s niece, Ruby Shelton (age 16, DOB: 3/23/2007, SSN: 530-00-1255), has lived with Zach and
Victoria since her parents passed away in a car accident four years ago.
Zach is a construction worker, and Victoria is a lab technician at a hospital. Zach contributed $5,250 to his
traditional IRA, and Victoria contributed $2,500 to her IRA. Only Zach was covered by a retirement plan.
Zach’s basis in his traditional IRA on 12/31/2022 is $14,000.
They itemized last year and received a state refund of $50. They will use the standard deduction this year.
They won a single prize of $400 in the lottery from their home state and an additional prize of $200 from a
neighboring state.
Victoria is in her third year of completing a four-year college program to obtain a degree in forensic science.
She hasn’t previously completed any postsecondary education. Victoria hasn’t been convicted of a felony
for possession or distribution of a controlled substance. Forms 1098-T follow. She paid the following
expenses:
• Books - $689 (purchased online and used as part of a course requirement)
• Lab fees -$926 (required to be paid to the college)
Copyright © 2024, The Income Tax School, Inc. – All Rights Reserved Comp Module 2 FE Scenario - 2.1
cenario
prehensive
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Comprehensive
Module
Ten 2Mid-Term
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Exam
Exam
2Scenario
Final
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Lesson
Guide
Scenario
Ten
With
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Lesson
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Ten
Exam
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Complete
Exam
5:42:03
Guide
Complete
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,Lesson
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2 Final
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Scenario
5:42:03
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Module 2 Final Exam Scenario Lesson TenM
a Employee’s social security number
OMB No.1545-0008
497-00-2146
b Employer identification number (EIN) 1 Wages, tips, other compensation 2 Federal income tax withheld
54-2146981 66647.00 2668.00
c Employer’s name, address, and ZIP code 3 Social security wages 4 Social security tax withheld
66647.00 3884.11
Lawson’s Construction Firm 5 Medicare wages and tips 6 Medicare tax withheld
9874 Libby Avenue 66647.00 908.38
Your City, Your State – Your ZIP 7 Social security tips 8 Allocated tips
d Control number 9 10 Dependent care benefits
e Employee’s first name and initial Last name Suff. 11 Nonqualified plans 12a See instructions for box 12
C
o
Zach Colby d
e
13 Statutory Retirement Third-party 12b
3842 Timber Creek Drive employee plan sick pay C
o
Your City, Your State – Your ZIP d
e
14 Other 12c
C
o
d
e
12d
C
o
d
e
f Employee’s address and ZIP code
15 State Employer’s state ID number 16 State wages, tips, etc. 17 State income tax 18 Local wages, tips, etc. 19 Local income tax 20 Locality name
YS 54-2146981 66647.00 2660.23
Wage and Tax Department of the Treasury – Internal Revenue Service
Form W-2 Statement 20XX
Copy B - To Be Filed With Employee’s FEDERAL Tax Return.
This information is being furnished to the Internal Revenue Service.
Copyright © 2024, The Income Tax School, Inc. – All Rights Reserved Comp Module 2 FE Scenario - 2.2
cenario
prehensive
Lesson
Comprehensive
Module
Ten 2Mid-Term
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Module
Exam
Exam
2Scenario
Final
Complete
Exam
Lesson
Guide
Scenario
Ten
With
Mid-Term
Lesson
Solution10/16/2026,
Ten
Exam
Mid-Term
Complete
Exam
5:42:03
Guide
Complete
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prehensive
Ten
Page
Module
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1 of 1010/16/2026,
2 Final
Exam Exam
Complete
Scenario
5:42:03
Guide
AM*&!#%#&&!%%#^#^&^!#&*^&^*#!(FG*T!^&*#*((*!#&()#_)#!*&$!*#)(!*Comprehensive
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With Ten
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Complete
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Module 2 Final Exam Scenario Lesson TenM
Comprehensive Module 2: Final Exam Scenario
Zach D. (age 49, DOB: 1/7/1974, SSN: 497-00-2146) and Victoria L. (age 42, DOB: 4/1/1981, SSN: 421-
00-1019) Colby live in a townhouse located at 3842 Timber Creek Drive, Your City, Your State – Your Zip.
They use the “married filing jointly” filing status for the 2023 tax year. Neither want to designate $3 of their
taxes for the Presidential Election Campaign. The whole family was covered by health insurance all year.
Their two older children, Zach Jr. (age 12, DOB: 2/19/2011, SSN: 530-00-1110) and Meagan (age 10, DOB:
1/9/2013, SSN: 530-00-1212) lived with them all year. Their youngest child, Mitchell (SSN: 530-00-1243),
was born December 30, 2023.
Zach Jr. and Meagan attended daycare at Mother Goose Day Care Center located at 9121 Old Hundred
Road, Your City, Your State – Your Zip. The identification number for Mother Goose is 54-8741254. Zach
and Victoria paid a total of $13,000 ($5,000 for Zach, Jr. and $8,000 for Meagan) for daycare.
Victoria’s niece, Ruby Shelton (age 16, DOB: 3/23/2007, SSN: 530-00-1255), has lived with Zach and
Victoria since her parents passed away in a car accident four years ago.
Zach is a construction worker, and Victoria is a lab technician at a hospital. Zach contributed $5,250 to his
traditional IRA, and Victoria contributed $2,500 to her IRA. Only Zach was covered by a retirement plan.
Zach’s basis in his traditional IRA on 12/31/2022 is $14,000.
They itemized last year and received a state refund of $50. They will use the standard deduction this year.
They won a single prize of $400 in the lottery from their home state and an additional prize of $200 from a
neighboring state.
Victoria is in her third year of completing a four-year college program to obtain a degree in forensic science.
She hasn’t previously completed any postsecondary education. Victoria hasn’t been convicted of a felony
for possession or distribution of a controlled substance. Forms 1098-T follow. She paid the following
expenses:
• Books - $689 (purchased online and used as part of a course requirement)
• Lab fees -$926 (required to be paid to the college)
Copyright © 2024, The Income Tax School, Inc. – All Rights Reserved Comp Module 2 FE Scenario - 2.1
cenario
prehensive
Lesson
Comprehensive
Module
Ten 2Mid-Term
Final
Module
Exam
Exam
2Scenario
Final
Complete
Exam
Lesson
Guide
Scenario
Ten
With
Mid-Term
Lesson
Solution10/16/2026,
Ten
Exam
Mid-Term
Complete
Exam
5:42:03
Guide
Complete
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,Lesson
prehensive
Ten
Page
Module
Mid-Term
2 of 1010/16/2026,
2 Final
Exam Exam
Complete
Scenario
5:42:03
Guide
AM*&!#%#&&!%%#^#^&^!#&*^&^*#!(FG*T!^&*#*((*!#&()#_)#!*&$!*#)(!*Comprehensive
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With Ten
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Mid-Term Exam 5:42:03
Complete
AM*&!#%#&&!%%#^#^&^!#&*^&^*#!(FG*T!^&*#*((*!#&()#_)#!*&$!*#)(!*##(*0Comprehensive
Guide With Solution.pdf*&!#%#&&!%%#^#^&^!#&*^&^*#!(FG*T!^&*#*((*!#&()#_)#!
Module 2 Final Exam Scenario Lesson TenM
a Employee’s social security number
OMB No.1545-0008
497-00-2146
b Employer identification number (EIN) 1 Wages, tips, other compensation 2 Federal income tax withheld
54-2146981 66647.00 2668.00
c Employer’s name, address, and ZIP code 3 Social security wages 4 Social security tax withheld
66647.00 3884.11
Lawson’s Construction Firm 5 Medicare wages and tips 6 Medicare tax withheld
9874 Libby Avenue 66647.00 908.38
Your City, Your State – Your ZIP 7 Social security tips 8 Allocated tips
d Control number 9 10 Dependent care benefits
e Employee’s first name and initial Last name Suff. 11 Nonqualified plans 12a See instructions for box 12
C
o
Zach Colby d
e
13 Statutory Retirement Third-party 12b
3842 Timber Creek Drive employee plan sick pay C
o
Your City, Your State – Your ZIP d
e
14 Other 12c
C
o
d
e
12d
C
o
d
e
f Employee’s address and ZIP code
15 State Employer’s state ID number 16 State wages, tips, etc. 17 State income tax 18 Local wages, tips, etc. 19 Local income tax 20 Locality name
YS 54-2146981 66647.00 2660.23
Wage and Tax Department of the Treasury – Internal Revenue Service
Form W-2 Statement 20XX
Copy B - To Be Filed With Employee’s FEDERAL Tax Return.
This information is being furnished to the Internal Revenue Service.
Copyright © 2024, The Income Tax School, Inc. – All Rights Reserved Comp Module 2 FE Scenario - 2.2
cenario
prehensive
Lesson
Comprehensive
Module
Ten 2Mid-Term
Final
Module
Exam
Exam
2Scenario
Final
Complete
Exam
Lesson
Guide
Scenario
Ten
With
Mid-Term
Lesson
Solution10/16/2026,
Ten
Exam
Mid-Term
Complete
Exam
5:42:03
Guide
Complete
AM*&!#%#&&!%%#^#^&^!#&*^&^*#!(FG*T!^&*#*((*!#&()#_)#!*&$!*#)(!*##(*0Compreh
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