Internal Revenue Service United States Department of the Treasury
Module 3: Interest Income

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Sim 3: Using Your W-2 and Form 1099-INT to File Your 1040EZ
Simulation Info: Tasha Miller; Marital status: Single; Background: You are employed as an administrator at the Job Center.

You are single. You live in the United States. You have no children. No one else depends on you for income or support. Your sources of income are your job and interest on your savings account.

You are employed as an administrator at the Job Center.

Your salary is $36,206 a year.

Your favorite aunt dies and leaves $2,000 to you in her will. You deposit the money in a savings account at your bank.

Tax Tip

The inheritance is tax-free; the interest on the inheritance is subject to tax.

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