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Chapter 5 - Tax Returns


Keisha Sanders, a divorced single taxpayer, and practicing attorney,

lives at 9551 Oak Lane in Menifee, CA 92584. Her social security number is 412-34-5670 (date of birth 2/27/1974). Keisha had qualifying health care coverage at all times during the tax year.

 

Her W-2 contained the following information:

 Wages (box 1)=$84,601.55 Federal W/H (box 2)=$9,898.38 Social security wages (box 3)=$84,601.55 Social security W/H (box 4)=$5,245.30 Medicare wages (box 5)=$84,601.55 Medicare W/H (box 6)=$1,226.72 

 

 

In addition, Keisha made alimony payments totaling $10,800 for the year to her former husband Alex, an unemployed mine worker, whose social security number is 412-34-5671.

She also received a 1099 INT from Menifee Credit Union in the amount of $204.75.

 

Keisha also has the following information for her Schedule A, itemized deductions:

 

 Interest expense   Home mortgage (qualified residence interest)$8,100 MasterCard (used exclusively for personal expenses and purchases) 425 Car loan (personal use) 600 Student loan interest 1,750     Taxes paid   State income tax withheld 2,950 State income tax deficiency (for 2016) 350 Real estate property taxes—principal residence 1,700 Personal property taxes—car 75 Registration fee—car 135     Medical expenses   Doctors' fees 500 Prescription drugs 200 Vitamins and over-the-counter drugs 250 Dental implant to correct a bite problem 1,600 Health club fee 400     Charitable contributions   (all required documentation is maintained)   Cash:   Church 3,100 (made ratably throughout the year)   United Way 100 PBS annual campaign 200 Property:   Pine Cove Goodwill—used clothing and household items   Date of donation November 15, 2018   Thrift shop value at date of donation 350 Actual purchase price of the items 1,300     Other   Investment publications 150 Tax return preparation fee 275 Business dues and subscriptions 350 Safe deposit box 75 

 

 

fill out Form 1040 with a Schedule 1, a student loan worksheet, a Schedule A, and a Form 8283 for Keisha using any other appropriate worksheets. (Input all the values as positive numbers. Round your final answers to the nearest whole dollar amount. Instructions can be found on certain cells within the forms.)

Use the appropriate Tax Tables.

 

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