John R. Lane (SSN 111-44-6666) lives at 1010 Ipsen Street, Yorba Linda, California 90102. John, a single
Question:
John R. Lane (SSN 111-44-6666) lives at 1010 Ipsen Street, Yorba Linda, California 90102. John, a single taxpayer, age 66, provided 100% of his cousin’s support. The cousin lives in Arizona. He wants to take advantage of the presidential election campaign checkoff. John is an accountant. Other relevant information includes
Salary..........................................................$20,000
Pension (all taxable).................................. 31,000
Taxable interest income........................... 300
IRA deduction............................................. 5,500
Itemized deductions (from Schedule A).. 8,000
Withholding.................................................. 6,000
Assume that Schedule A, if necessary, has already been completed. Complete Form 1040 for 2016.
Step by Step Answer:
Federal Taxation 2018 Comprehensive
ISBN: 9780134532387
31st Edition
Authors: Thomas R. Pope, Timothy J. Rupert, Kenneth E. Anderson