Question
CAN SOMEONE DO THIS IN MANUAL 17 SCHEDULE FORMAT?? Prepare all 17 schedules. Please show all your work. Please submit the schedules in order. Please
CAN SOMEONE DO THIS IN MANUAL 17 SCHEDULE FORMAT??
Prepare all 17 schedules. Please show all your work. Please submit the schedules in order. Please make sure your test is legible and right side up. Thank you. I. Calculate tax due or refund for 2021 for Lark and Lorenzo Larson Based on the following information; Lark and Lorenzo file married joint. They have two year triplets; Lo lo, Locust and Logan. They paid the Mulberry Day School $20,000, to watch the triplets while they worked. Tax Payments: Withholding $30,000 Quarterly Payments $10,000 Overpayment from 2020 $5,000. 1. Salary Lark $60,000 2. Salary Lorenzo $100,000 3. Interest on State of Michigan bond $20,000 4. Alimony paid $50,000. The divorce was signed in 2012. 5. Long term capital gain $30,000 6. Lark found a ring worth $10,000, on the train. 7. Educator expenses $500 8. Treasury bond interest $30,000 9. Lorenzo received $20,000 from a lawsuit for a business issue 10.Qualified Sole proprietorship income $30,000 11. State income tax paid $20,000 12. Contribution to health savings account $1,000 13. Medical expenses $60,000 14. Lark received a $50,000 gift from her mother, Laurel 15.Lorenzo gave $5,000 to the Smith family who lost their home in a Tornado. 16. Qualified dividends $60,000 17. Self employment tax $10,000 18. Lorenzo inherited $100,000, from his great grandfather, Luther. 19. Real estate taxes $20,000 20. Mortgage interest $70,000. The $3,000,000 mortgage was signed in 2010. 21. Penalty for early withdrawal from a timed savings account $1,000 22. Child support paid $10,000 23. Larks sister, Lina, repaid a $10,000 loan from 2017. 24. Lark won $20,000 in a baking contest. 25. Workmans compensation $10,000 26. Unemployment compensation $20,000 27. Lark won $30,000 in the Preakness. 28. Donation to the American Kidney foundation $30,000 29. Contribution to Individual retirement account $1,000 30. Lorenzo was the beneficiary of his late great grandmothers insurance policy. He received $20,000.
YES IT IS RELATED TO TAX INCOME
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