Chap ques. 5 y 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 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 Exhibit 8-9. Tax Rate Schedule Dividends 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 withholding of $21,000. Alimony 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 $600 for employee business expenses she incurred. She was required to provide documentation for her expenses to her employer. $3,500 to Kid Care day care center for Samantha's care while John and Sandy worked $14,000 interest on their home mortgage ($400,000 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 5. 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. rew: 02_20_2019 OC CS-159191 download reference file upload a response file (15MB max) Choose File No file chosen f1040.pdf References File Attachment Question Learning Objective: 08-02 Compute a taxpayer's alternative minimum tax liability Learning Objective: 08-05 Explain how to compute a taxpayer's underpayment late filing, and late payment penalties Chap 4 ques. 5 The ingin m e nyed TY y Ferguson got married years ago and have a very danger Samantha 2016 Wood computer technician cale n gary of 152.000 dady work receptor expenses of the Fergusons received 1800 in Guated vidends and a 5200 refund of the income taxes. The Ferguson sitemize the decisions and the needeductions were well over the card deduction amounty The Forgons had ng isance for purposes of the Ardable Care A Didenda C B for reference The Fou r ted making the following payments during the year State income of 4600 Federal wholding or S2000 Almony payment John's former le of 50.000 vnced in 2014 Chi sport payments for child with his form of 54.100 - $12.200 of real property taxes Sandy Ward 5000 for more businesses the n e w her expenses to her employer $3.500 Core day care center for S h are while Johnson and worked - 1000 interest on the home org 0 000 - $3.000 interest on a $40.000 home-alan heyed the loan to pay for a family vacation and new cat $75,000 cash charitable contributions to use the w anaosedure to Good The future had a market value of $400 and cost $2.000 5. Ama 10.00 points Please right click on the tached Adobe document and let open in new window Then, download required values in the portefeld Save your comed o m to your computer and then Tax Form and enter the lead there by clicking download reference upload a response fle (15MB max) Chocol No le chosen 11040 pdf File cachment Learning Onjective: 08-02 Largove 08-05 E computeat er's payer underpayment n how to compute and payment Chap ques. 5 y 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 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 Exhibit 8-9. Tax Rate Schedule Dividends 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 withholding of $21,000. Alimony 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 $600 for employee business expenses she incurred. She was required to provide documentation for her expenses to her employer. $3,500 to Kid Care day care center for Samantha's care while John and Sandy worked $14,000 interest on their home mortgage ($400,000 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 5. 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. rew: 02_20_2019 OC CS-159191 download reference file upload a response file (15MB max) Choose File No file chosen f1040.pdf References File Attachment Question Learning Objective: 08-02 Compute a taxpayer's alternative minimum tax liability Learning Objective: 08-05 Explain how to compute a taxpayer's underpayment late filing, and late payment penalties Chap 4 ques. 5 The ingin m e nyed TY y Ferguson got married years ago and have a very danger Samantha 2016 Wood computer technician cale n gary of 152.000 dady work receptor expenses of the Fergusons received 1800 in Guated vidends and a 5200 refund of the income taxes. The Ferguson sitemize the decisions and the needeductions were well over the card deduction amounty The Forgons had ng isance for purposes of the Ardable Care A Didenda C B for reference The Fou r ted making the following payments during the year State income of 4600 Federal wholding or S2000 Almony payment John's former le of 50.000 vnced in 2014 Chi sport payments for child with his form of 54.100 - $12.200 of real property taxes Sandy Ward 5000 for more businesses the n e w her expenses to her employer $3.500 Core day care center for S h are while Johnson and worked - 1000 interest on the home org 0 000 - $3.000 interest on a $40.000 home-alan heyed the loan to pay for a family vacation and new cat $75,000 cash charitable contributions to use the w anaosedure to Good The future had a market value of $400 and cost $2.000 5. Ama 10.00 points Please right click on the tached Adobe document and let open in new window Then, download required values in the portefeld Save your comed o m to your computer and then Tax Form and enter the lead there by clicking download reference upload a response fle (15MB max) Chocol No le chosen 11040 pdf File cachment Learning Onjective: 08-02 Largove 08-05 E computeat er's payer underpayment n how to compute and payment