Mike and Julianne Heedles both work. Julianne is a part-time environmental lawyer whose W-2 provided the following information.
Wages, tips, other compensation: $51,122.00
Social Security wages: $51,122.00
Medicare wages: $51,122.00
Federal income tax withheld: $5,004.00 State income tax withheld: $1,096.00
Mike is a gym teacher whose W-2 provided the following information.
Wages, tips, other compensation: $77,851.00 Social security wages: $77,851.00 Medicare wages: $77,851.00 Federal income tax withheld: $10,121.00 State income tax withheld: $3,215.00
They have two children. They received $1,897 in bank interest and $876 in stock dividends. Mike had $400 in educational expense deductions he can report on Form 1040.
Their itemized deductions are as follows.
Medical Expenses: prescriptions $600, doctors $5,240, dentists $2,300, eyeglasses $510
Taxes: State income from W-2, real estate $9,213 Interest Paid: home mortgage loan $7,110 Contributions: cash $980, used clothing $450, old furniture $250 Casualty and Theft Loss: storm damage to home not covered by insurance $3,450; camera stolen while on vacation $600 Job Expenses: union dues $1,200, tax preparation fees $395?