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Chap 4 ques. 6 The following information applies to the questions displayed below John and Sandy Ferguson got married eight years ago and have a
Chap 4 ques. 6 The following information applies to the questions displayed below John and Sandy Ferguson got married eight years ago and have a seven-year-old daughter, Samantha In 2018. John worked as a computer technician at a local university earning a salary of $152.000, and Sandy worked part-time as a recepans for a low earning a salary of $20.000. John also does some Web design work on the side and reported revenues of $4.000 and associated expenses of $750. The Fergusons received 1800 in qualified dividends and a $200 refund of their state income to the Fergusons always remize their deductions and their remized deductions were well over the standard deduction amount last year The Fergusons had quailying insurance for purposes of the Affordable Care Act (ACA) Use Exh a c he Diddends and capital Gains Tax Rates for reference The Fergusons reported making the following payments during the year. State income taxes of $4,400. Federal tax witholding of $21.000 Almony payments to John's former wife of $10,000 divorced in 2014) Child support payments for John's child with his former wife of $4,100 $12,200 of real property taxes. Sandy was reimbursed 5000 for employee business expenses she incurred. She was required to provide documentation for her expenses to her employer. $3.600 to Kid Care day care center for Samantha's core while John and Sandy worked - $14.000 interest on their home mortgage 5400,000 acquisition debt. $3,000 interest on a $40,000 home-equity loan. They used the loan to pay for a family vacation and new car $15,000 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. 6. Award: 10.00 points Download the Tax Form and enter the required values in the appropriate fields Please right click on the attached Adobe document and select open in new window. Then download the Tax Form and enter the required values in the appropriate fields. Save your completed Tax Form to your computer and then upload it here by clicking "Browse Next, click Save. Use 2018 tax rules regardless of year on form) rov 02 20 2019_OCC5-159191 download reference file upload a response file (15MB max) Choose File No fle chosen 11251.pdf Chap 4 ques. 6 The following information applies to the questions displayed below John and Sandy Ferguson got married eight years ago and have a seven-year-old daughter, Samantha In 2018. John worked as a computer technician at a local university earning a salary of $152.000, and Sandy worked part-time as a recepans for a low earning a salary of $20.000. John also does some Web design work on the side and reported revenues of $4.000 and associated expenses of $750. The Fergusons received 1800 in qualified dividends and a $200 refund of their state income to the Fergusons always remize their deductions and their remized deductions were well over the standard deduction amount last year The Fergusons had quailying insurance for purposes of the Affordable Care Act (ACA) Use Exh a c he Diddends and capital Gains Tax Rates for reference The Fergusons reported making the following payments during the year. State income taxes of $4,400. Federal tax witholding of $21.000 Almony payments to John's former wife of $10,000 divorced in 2014) Child support payments for John's child with his former wife of $4,100 $12,200 of real property taxes. Sandy was reimbursed 5000 for employee business expenses she incurred. She was required to provide documentation for her expenses to her employer. $3.600 to Kid Care day care center for Samantha's core while John and Sandy worked - $14.000 interest on their home mortgage 5400,000 acquisition debt. $3,000 interest on a $40,000 home-equity loan. They used the loan to pay for a family vacation and new car $15,000 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. 6. Award: 10.00 points Download the Tax Form and enter the required values in the appropriate fields Please right click on the attached Adobe document and select open in new window. Then download the Tax Form and enter the required values in the appropriate fields. Save your completed Tax Form to your computer and then upload it here by clicking "Browse Next, click Save. Use 2018 tax rules regardless of year on form) rov 02 20 2019_OCC5-159191 download reference file upload a response file (15MB max) Choose File No fle chosen 11251.pdf
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