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Unformatted text preview: During the year, John paid the following amounts and has receipts to back up each amount. (He is unsure which are deductible and will depend upon your expertise in deciding) Home mortgage interest $19,700 Credit card interest on VISA 1,760 Auto loan interest at GMAC 4,300 Auto insurance 1,900 Property tax on personal residence 6,200 State and local sales taxes actually paid 4,000 Blue Cross health insurance premiums 1,800 Doctors & dentist expenses 790 Income tax preparation fee paid in 2008 for 2007 taxes 900 Charitable contributions: Boy Scouts 800 St. Matthews Church 300 U. of Nevada Medical School cash contribution10,000 Democratic Party 250 Fund-raising dinner for Reno Auto Museum 100 (value of the meal was $50) Prepare John Williams' taxes for the year. Mr Williams receive a stimulus check for the previous year of $600 during 2008. The following forms should be prepared for Mr. Williams: 1040 Form; Schedule A, and Schedule B....
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- Spring '10
- Taxation in the United States, Social Security number