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3 . 2 Payments on Debt: The Ambersons paid the following from their personal checking account: Mortgage interest on George's home Principal on home mortgage
Payments on Debt:
The Ambersons paid the following from their personal checking account:
Mortgage interest on George's home
Principal on home mortgage on George's home
Interest charged on their VISA charge account
Principal paid to VISA
Interest on loan from friend
Principal paid to friend
Interest on loan to buy automobile
$Bank of Temple
Bank of Temple
Texas Bank Corp
Payment of State and Local Taxes and Fees:
A The Ambersons paid the following expenses from their own personal checking account:
Property taxes on George's home
$
Property taxes on Nila's home
B The applicable sales tax rate in Temple, Texas is percent. The Ambersons had
no major purchases on which they paid sales tax in The Ambersons falled to
maintain adequate records substantiating purchases subject to the sales tax. Note
that Texas does not impose any individual income tax. The table for shows a
deduction of $
Charitable Contributions:
The Ambersons made cash payments from their personal checkbook to each of the following:
Represents payments of George's annual dues.
Quarterly Federal Tax Deposits:
The Ambersons made the following deposits with the United States Treasury for their Federal income tax
llability from their own personal checking account on the dates indicated:
April estimate for
June estimate for
September estimate for
January estimate for Use Tax forms
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