3.1 The Andersons Tackle Their Tax Return Noah and Olivia Anderson are a married couple in their early 20s living in Dallas. Noah Anderson earned $73,000 in 2014 from his sales job. During the year, his employer withheld $9,172 for income tax pur- poses. In addition, the Andersons received interest of $350 on a joint savings account, $750 interest on tax-exempt municipal bonds, and dividends of $400 on common stocks. At the end of 2014, the An- dersons sold two stocks, A and B. Stock A was sold for $700 and had been purchased four months ear lier for $800. Stock B was sold for $1,500 and had been purchased three years earlier for $1,100. Their only child, Logan, age 2, received (as his sole source of income) dividends of $200 from Hershey stock Although Noah is covered by his company's pension plan, he plans to contribute $5,000 to a traditional deductible IRA for 2014. Here are the amounts of money paid out during the year by the Andersons $ 200 831 4,148 1,360 $6,539 Medical and dental expenses (unreimbursed) State and local property taxes Interest paid on home mortgage Charitable contributions Total In addition, Noah incurred some unreimbursed travel costs for an out-of-town business trip Airline ticket Taxis Lodging Meals (as adjusted to 50 percent of cost) Total $250 20 60 $366