Question
Complete the federal tax return below for 2016. Use Form 1040, Schedule A, Schedule B, and Form 2441 to complete this return. You can print
Complete the federal tax return below for 2016. Use Form 1040, Schedule A, Schedule B, and Form 2441 to complete this return. You can print these forms off of the IRS website by going to irs.gov and searching for the forms.
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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