1. Robert Ramos (age 36) is a single taxpayer, living at 8765 Bay Dr., Monterey, CA 93940....
Question:
1. Robert Ramos (age 36) is a single taxpayer, living at 8765 Bay Dr., Monterey, CA 93940. His Social Security number is 976-23-5132. Robert’s earnings and income tax withholding as the manager of a local supermarket store for 2010 are:
Earnings from the Vons Market $68,000 Federal income tax withheld 14,800 State income tax withheld 2,300 Robert’s other income includes qualifying dividends on Arizona Public Service stock of $3,600 and interest on a savings account at Bank of America of $5,885.
During the year, Robert paid the following amounts (all of which can be substantiated):
Home mortgage interest $10,500 Credit card interest 550 Auto loan interest 1,700
Step by Step Answer:
Income Tax Fundamentals 2011
ISBN: 9780538469197
29th Edition
Authors: Gerald E. Whittenburg, Martha Altus-Buller