John and Mary Jane made charitable contributions of $3,700 during the year and paid an additional
$1,800 in state income taxes in 2015 upon filing their 2014 state income tax return. Their deductible home
mortgage interest was $8,200, and their property taxes came to $4,800. They paid sales taxes of $2,000, for
which they have receipts. They paid a ticket of $150 that Mary Jane received for running a red light (detected
by a red light camera).
Part 1—Tax Computation Calculate John and Mary Jane’s tax (or refund) due for 2015.
Interest on certificates of deposit
Share of S corporation income (B)
Child Support (C)
Adjusted gross income (D)
Medical Expenses (E)
State income taxes withheld (F)
Home mortgage interest paid
Property taxes paid
Personal and dependent exemptions (3,800x2) (G)
Taxable income (H)