Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

2018 Tax year 24. Total Itemized Deductions. (Obj. 7 and 8) a. Brian Pido (SSN 476-93-3477) is 42 years old and files his tax return

2018 Tax year image text in transcribed
24. Total Itemized Deductions. (Obj. 7 and 8) a. Brian Pido (SSN 476-93-3477) is 42 years old and files his tax return as a single taxpayer. Brian's AGI is $173.702, including $15,000 of taxable interest. Brian has the following itemized deductions for 2018. Compute Brian's total itemized deductions and complete his Schedule A. Amount paid to the state with 2017 income tax return Charitable contributions Investment interest expense Mortgage interest Real estate taxes State and local income taxes withheld from wages Unreimbursed medical $ 425 5,000 12,000 11,880 6,898 3,583 3,200 b. Same as in Part a., except that Brian's AGI is $273.702 (instead of $173,702). c. Randy (SSN 937-46-8266) and Misty Moore file a joint tax return. Randy and Misty are ages 39 and 40, respectively. Their AGI for 2018 is $184,583, including $1,800 of taxable interest income. They report the following itemized deductions for 2018. Compute the Moores' total itemized deductions and complete their Schedule A. Amount paid to the state with 2017 income tax return Charitable contributions Investment interest expense Mortgage interest Real estate taxes State and local income taxes withheld from wages Unreimbursed medical $ 888 13,540 2,600 17,559 4,582 6,682 20,414 d. Same as in Part c., except that the Moores' AGI is $384,583 (instead of $184,583). 24. Total Itemized Deductions. (Obj. 7 and 8) a. Brian Pido (SSN 476-93-3477) is 42 years old and files his tax return as a single taxpayer. Brian's AGI is $173.702, including $15,000 of taxable interest. Brian has the following itemized deductions for 2018. Compute Brian's total itemized deductions and complete his Schedule A. Amount paid to the state with 2017 income tax return Charitable contributions Investment interest expense Mortgage interest Real estate taxes State and local income taxes withheld from wages Unreimbursed medical $ 425 5,000 12,000 11,880 6,898 3,583 3,200 b. Same as in Part a., except that Brian's AGI is $273.702 (instead of $173,702). c. Randy (SSN 937-46-8266) and Misty Moore file a joint tax return. Randy and Misty are ages 39 and 40, respectively. Their AGI for 2018 is $184,583, including $1,800 of taxable interest income. They report the following itemized deductions for 2018. Compute the Moores' total itemized deductions and complete their Schedule A. Amount paid to the state with 2017 income tax return Charitable contributions Investment interest expense Mortgage interest Real estate taxes State and local income taxes withheld from wages Unreimbursed medical $ 888 13,540 2,600 17,559 4,582 6,682 20,414 d. Same as in Part c., except that the Moores' AGI is $384,583 (instead of $184,583)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

More Books

Students also viewed these Accounting questions