ASSIGNMENT #2: PART 1 Facts: Your 2013 earned income from your employer was $55,000 plus a $2,500 bonus. You also had $200 of interest income. Your employer has already withheld from your paychecks $5,700 in federal withholding taxes. You are single and have no other dependents other than yourself. Calculate your total federal income tax obligation for the year 2013.Go to: “IRS.gov”.Print “Form 2013 1040 EZ Income Tax Return for Single and Joint Filers With No Dependents” (2 pages, but you only need to complete and submit Page 1.Go to: “Instructions 2013 1040 EZ” for any additional help.Print your name and NetID at the top of the form. Do not enter your address or SS#.Complete the return to calculate your total federal tax obligation for 2013.Task 1: Enter your earned income.Task 2: Enter any taxable interest.Task 3: Calculate your “adjusted gross income”.Task 4: Assuming you are single and no one else claims you as a dependent, enter your standard deduction.Task 5: Calculate your “taxable income”.Task 6: Enter the amount your employer has already withheld from your paychecks and, assuming you have no tax credits to claim, determine your “total payments and credits”.Task 7: Go to: “2013 1040 EZ Instructions”. Locate and enter your total federal income tax obligation for the year 2013 by using the 2013 EZ Tax Table.Task 8: Calculate whether you are entitled to a “refund” or you “owe” additional taxes. Enter the amount in the appropriate space.Where it says “Sign Here” write “VOID”Go on to Part 2 of this Assignment.When both parts of the assignment are completed, please staple this page along with Part 2 to the tax return before turning in your work. Thank you.