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ACCOUNTING EXPERTS I need help with the below accounting attachment thank you so much TAX HELP I need help with completing pages 1 and 2

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ACCOUNTING EXPERTS

I need help with the below accounting attachment thank you so much

image text in transcribed TAX HELP I need help with completing pages 1 and 2 of Form 1040 and Form 6251 for John and Sandy. John and Sandy Ferguson got married eight years ago and have a seven-year old daughter Samantha. In 2016, John worked as a computer technician at a local university earning a salary of $52,000, and Sandy worked part-time as a receptionist for a law firm earning a salary of $29,000. John also does some Web design work on the side and reported revenues of $4,000 and associated expenses of $750. The Fergusons received $800 in qualified dividends and a $200 refund of their state income taxes. The Fergusons always itemize their deductions and their itemized deductions were well over the standard deduction amount last year.The Fergusons had qualifying insurance for purposes of the Affordable Care Act (ACA). Use Tax Rate Schedule for 2016 The Fergusons reported making the following payments during the year: State income taxes of $4,400. Federal tax withholding of $4,000. Alimony payments to John's former wife of $10,000. Child support payments for John's child with his former wife of $4,100. $3,200 of real property taxes. Sandy was reimbursed $600 for employee business expenses she incurred. She was required to provide documentation for her expenses to her employer. In addition to the $750 of Web design expenses, John attended a conference to improve his skills associated with his Web design work. His trip was for three days and he incurred the following expenses: airfare $370, total taxi fares for trip $180, meals $80, and conference fee of $200. $3,600 to Kid Care day care center for Samantha's care while John and Sandy worked. $14,000 interest on their home mortgage. $3,000 interest on a $40,000 home-equity loan. They used the loan to pay for family vacation and new car. $6,000 cash charitable contributions to qualified charities. Donation of used furniture to Goodwill. The furniture had a fair market value of $400 and cost $2,000. John and Sandy Ferguson's address is 19010 N.W. 135th Street, Miami, FL 33054. Social security numbers: John: 123-45-6789 Sandy: 361-23-8975 Samantha : 333-44-5555 TAX HELP I need help with completing pages 1 and 2 of Form 1040 and Form 6251 for John and Sandy. John and Sandy Ferguson got married eight years ago and have a seven-year old daughter Samantha. In 2016, John worked as a computer technician at a local university earning a salary of $52,000, and Sandy worked part-time as a receptionist for a law firm earning a salary of $29,000. John also does some Web design work on the side and reported revenues of $4,000 and associated expenses of $750. The Fergusons received $800 in qualified dividends and a $200 refund of their state income taxes. The Fergusons always itemize their deductions and their itemized deductions were well over the standard deduction amount last year.The Fergusons had qualifying insurance for purposes of the Affordable Care Act (ACA). Use Tax Rate Schedule for 2016 The Fergusons reported making the following payments during the year: State income taxes of $4,400. Federal tax withholding of $4,000. Alimony payments to John's former wife of $10,000. Child support payments for John's child with his former wife of $4,100. $3,200 of real property taxes. Sandy was reimbursed $600 for employee business expenses she incurred. She was required to provide documentation for her expenses to her employer. In addition to the $750 of Web design expenses, John attended a conference to improve his skills associated with his Web design work. His trip was for three days and he incurred the following expenses: airfare $370, total taxi fares for trip $180, meals $80, and conference fee of $200. $3,600 to Kid Care day care center for Samantha's care while John and Sandy worked. $14,000 interest on their home mortgage. $3,000 interest on a $40,000 home-equity loan. They used the loan to pay for family vacation and new car. $6,000 cash charitable contributions to qualified charities. Donation of used furniture to Goodwill. The furniture had a fair market value of $400 and cost $2,000. John and Sandy Ferguson's address is 19010 N.W. 135th Street, Miami, FL 33054. Social security numbers: John: 123-45-6789 Sandy: 361-23-8975 Samantha : 333-44-5555 Answer 1040; workings of 1040 Page 1 & 2 is attached below: Note: Since I don't have all the details i have given some details for filling up the form - John and Sandy Ferguson's 1040 Form. John and Sandy Ferguson's need to pay $8770 as Federal Income Tax (See the workings below for your reference). Salaries - 52000 +29000+4000 =$85,000 (Schedule A expenses) Taxes You Paid State Tax paid -4400 Real Estate tax paid -3200 Interest You Paid 14000 - Interest paid on home Mortgage is exempt Gift to Charity Cash charitable contribution to qualified US charities -$6000 Charities to goodwill -400 Total Schedule A expense -$28,000 -refer point no.40 Child related credits -4100 paid for john's first child. $3600paid for Samantha's day care since both John and his wife are working. Money spent on Education and Research for improving employee's skills is exempted from tax. Amounting to $1680 (sl.no.12) Interest of $3000 on loans for family vacation not tax deductible and hence not considered. sl. no. 42 - 4250 multiplied by 3 (as given in 6d) TAX HELP I need help with completing pages 1 and 2 of Form 1040 and Form 6251 for John and Sandy. John and Sandy Ferguson got married eight years ago and have a seven-year old daughter Samantha. In 2016, John worked as a computer technician at a local university earning a salary of $52,000, and Sandy worked part-time as a receptionist for a law firm earning a salary of $29,000. John also does some Web design work on the side and reported revenues of $4,000 and associated expenses of $750. The Fergusons received $800 in qualified dividends and a $200 refund of their state income taxes. The Fergusons always itemize their deductions and their itemized deductions were well over the standard deduction amount last year.The Fergusons had qualifying insurance for purposes of the Affordable Care Act (ACA). Use Tax Rate Schedule for 2016 The Fergusons reported making the following payments during the year: State income taxes of $4,400. Federal tax withholding of $4,000. Alimony payments to John's former wife of $10,000. Child support payments for John's child with his former wife of $4,100. $3,200 of real property taxes. Sandy was reimbursed $600 for employee business expenses she incurred. She was required to provide documentation for her expenses to her employer. In addition to the $750 of Web design expenses, John attended a conference to improve his skills associated with his Web design work. His trip was for three days and he incurred the following expenses: airfare $370, total taxi fares for trip $180, meals $80, and conference fee of $200. $3,600 to Kid Care day care center for Samantha's care while John and Sandy worked. $14,000 interest on their home mortgage. $3,000 interest on a $40,000 home-equity loan. They used the loan to pay for family vacation and new car. $6,000 cash charitable contributions to qualified charities. Donation of used furniture to Goodwill. The furniture had a fair market value of $400 and cost $2,000. John and Sandy Ferguson's address is 19010 N.W. 135th Street, Miami, FL 33054. Social security numbers: John: 123-45-6789 Sandy: 361-23-8975 Samantha : 333-44-5555 Answer 1040; workings of 1040 Page 1 & 2 is attached below: Note: Since I don't have all the details i have given some details for filling up the form - John and Sandy Ferguson's 1040 Form. John and Sandy Ferguson's need to pay $8770 as Federal Income Tax (See the workings below for your reference). Salaries - 52000 +29000+4000 =$85,000 (Schedule A expenses) Taxes You Paid State Tax paid -4400 Real Estate tax paid -3200 Interest You Paid 14000 - Interest paid on home Mortgage is exempt Gift to Charity Cash charitable contribution to qualified US charities -$6000 Charities to goodwill -400 Total Schedule A expense -$28,000 -refer point no.40 Child related credits -4100 paid for john's first child. $3600paid for Samantha's day care since both John and his wife are working. Money spent on Education and Research for improving employee's skills is exempted from tax. Amounting to $1680 (sl.no.12) Interest of $3000 on loans for family vacation not tax deductible and hence not considered. sl. no. 42 - 4250 multiplied by 3 (as given in 6d)

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