Question
Complete the federal tax return below for 2016. Use Form 1040, Schedule A, Schedule B, and Form 2441 to complete this return. Lucy and Ricky
Complete the federal tax return below for 2016. Use Form 1040, Schedule A, Schedule B, and Form 2441 to complete this return. Lucy and Ricky Van have one child, Leroy, who is 5 years old. The Vans reside at 1234 Huckleberry Street, Kathleen, GA 31047. Ricky’s Social Security number is 577-11-3322, Lucy’s is 477-98-4735, and Leroy’s is 589-22-1142. Lucy and Ricky’s earnings and withholdings are: Ricky: Earnings from Dell Company (office manager) $30,000 Federal Income Tax withheld $3,000 State Income Tax withheld $1,200 Lucy: Earnings from Rite Aid (Pharmacy Tech) $24,000 Federal Income Tax withheld$2,500 State Income Tax withheld$800 The other income includes interest from BB&T Savings of $1,600. Other information and expenditures are: Interest: On home mortgage$12,000 Credit card$1,000 Taxes: Property Tax on personal residence $1,600 State income tax paid for previous year$300 Contribution to church$500 Medical insurance premiums$500 Medical and dental expenses$3,000 Income tax preparation fee paid$200 Payment of union dues$250 Child Care for Leroy$3,600 CGTC Childcare Development Center
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