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1a)- Karin and Chad (ages 30 and 31, respectively) are married and had the following income and expenses in 2018 Salary income Gambling winnings Gambling
1a)- Karin and Chad (ages 30 and 31, respectively) are married and had the following income and expenses in 2018 Salary income Gambling winnings Gambling losses Home mortgage interest (acquisition debt of $300,000) Real estate taxes State income taxes paid Medical expenses (unreimbursed) Employee business expenses (unreimbursed) Chartable contributions (cash to their church) 2,000 3,000 16,640 5,400 6,300 1,800 458 760 Karin and Chad will file a joint tax return. Calculate the following amounts: Adjusted gross income Medical expense deduction on Schedule A Taxes deduction on Schedule A Interest deduction on Schedule A Total itemized deductions or standard deduction 1a)- Karin and Chad (ages 30 and 31, respectively) are married and had the following income and expenses in 2018 Salary income Gambling winnings Gambling losses Home mortgage interest (acquisition debt of $300,000) Real estate taxes State income taxes paid Medical expenses (unreimbursed) Employee business expenses (unreimbursed) Chartable contributions (cash to their church) 2,000 3,000 16,640 5,400 6,300 1,800 458 760 Karin and Chad will file a joint tax return. Calculate the following amounts: Adjusted gross income Medical expense deduction on Schedule A Taxes deduction on Schedule A Interest deduction on Schedule A Total itemized deductions or standard deduction
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