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ACO 3TO1 SPRING 2014 TAX RETURN PROJECT Dave Stevens age 34 is a self employed physical therapist His wife Sarah age 1 teache English as a Second...

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appropriate tax form and how to compute these in order to find AGI

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ACO 3TO1 SPRING 2014
TAX RETURN PROJECT
Dave Stevens age 34 is a self employed physical therapist His wife Sarah age 1 teache
English as a Second Language at a local language school Dave's Social Security number is ill
1 1 - 11 . Sarah's Social Security number is 127 -27 - 1227 Sarah and Dave have three children
Andrew are S Isaac age Of and Mira age 3 . The children's Social Security numbers are
respectively . 213 - 13 - 3739 414 14 9414 and 359 -35-5953 . They live at 1267- Pheasant Fan
West Bend Oregon 74658
They paid 59 509 in qualified residence interest and S. 460 in property taxes on their home
They had cash charitable contributions of 51 4 090 They also paid $180 to a CPA for preparing
their federal and state income tax returns for the prior year SIDE of which wa s for the
preparation of Dave's Schedule C
Sarah and Dave earned interest on CD = of S3 209 Sarah's salary for the year is $2 090 from
Which 59 690 in federal income tax and $1 400 in state income tax were withheld Dave's office
is located at Suite 402 947 1 codyten Drive Portland Oregon 4924 and his employer ID
cumber is IT -
Dave has been practicing for four years and he uses the cash method of accounting During the
Current year Dave recorded the following items of income
Revenue from patient visits
5300 090
Interest earned on the office checking balance
The following expenses were recorded on the office books
Property taxes on the office
54 500
Mortgage interest on the office
12000
Depreciation on the office
4 30 0
Malpractice insurance
37 00
Lilities
3 750

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