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Module 4: Complete a Basic Tax Return
To begin, Paul copies the amount he entered on line 150 (on page 2) to line 150 on page 3 For more information on deductions, click on What you can deduct. However, Paul does not have any deductions
He now enters the same amount on line 236 The next section of page 3 is called "Taxable income." No deductions in this section apply to Paul. Since he has not claimed any deductions, he enters the amount from line 236 on line 260 The amount that Paul has entered on line 260 Paul is almost ready to complete page 4 of his return. Before he can do so, he will need to complete a Schedule 1 for federal tax. He will calculate his federal tax on Schedule 1 and enter the result on page 4 of his General return. He will need to attach the completed Schedule 1 to his return when he files it. So, now lets take a look at Paul's Schedule 1.
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