David and Darlene Jasper have one child, Sam, who is 6 years old. The Jaspers reside at
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David: Earnings from Apple Company (office manager)...........................$25,000
Federal income tax withheld......................................................2,800
State income tax withheld.........................................................1,050
Darlene: Earnings from Rose Company (perfume tester).............................$24,500
Federal income tax withheld......................................................2,650
State income tax withheld ...........................................................900
Their other income includes interest from Pine Tree Savings and Loan of $1,900. Other information and expenditures for 2013 are as follows:
Interest: On home acquisition mortgage................................................$11,125
Credit card......................................................................................925
Taxes: Property taxes on personal residence.............................................1,515
State income taxes paid in 2013 (for 2012).................................................315
Contribution (with written acknowledgement) to church ................................410
Medical insurance...............................................................................475
Medical and dental expenses................................................................2,800
Income tax return preparation fee paid in 2013..............................................200
Payment of union dues....................................................................................225
Child care for Sam.......................................................................................3,500
Required:
Complete the Jaspers' federal tax return for 2013. Use Form 1040, Schedule A, Schedule B, and Form 2441, on Pages 6-47 through 6-51. Make realistic assumptions about any missing data.
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Related Book For
Income Tax Fundamentals 2014
ISBN: 9781285424545
32nd Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven Gill
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