--Exclusion
--Deduction for AGI
Income Sources | Where to find | Where to report | Number to report |
Total wages, bonuses (including signing bonuses), prizes, and awards paid to employees during the year | W-2 Box1 | F1040 Line 7 | Number on W-2 Box 1 |
= AGI
--Itemized deduction or standard deduction, whichever is
greater
greater
--Personal and dependency exemptions
=Taxable income
--Tax credits
--Withhold & Estimate Tax
=Tax Due / Tax Refund