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AMERICAN - Based on 2018 tax law, calculate total tax liability Taxpayers are married, both 35 years old with good eyesight. No dependents. Husband is

AMERICAN - Based on 2018 tax law, calculate total tax liability

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Taxpayers are married, both 35 years old with good eyesight. No dependents. Husband is retired on disability Wife is an Administrator of a local school. For 2018 she was paid as follows: o Salary $175,000 o Federal tax withheld $23,000 Interest received on savings account $122. Ordinary Dividends received (Not Qualified) $1,925 Husband collected $27,222 in social security benefits. They made the following payments during 2018: O Payments on car lease $8,250. o Medical expenses paid $8,725 o Real estate taxes on home $10,700 o Real estate taxes on Vacation home $4,125 o Real estate taxes on Daughters home $9,005 o Mortgage Interest (acquisition debt) on Vacation home $16,025 O NYS income taxes $12,500 paid from wages 0 April 2018 Paid NYS $1,070 for balance of 2017 taxes O Donated $1,375 cash to a qualified charity O Dog food cost $1,300 o Wife paid $3,600 in student loan interest (do those loans ever go away?) Drove 400 miles for doctor visits and 600 miles for a charity Taxpayers had health insurance coverage all year

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