Chapter 5 2016 Comprehensive Tax Return Complete the federal tax return below for the current tax year listed above.. Use Form 1040, Schedule A, and Schedule B to complete this return. You can print these forms off of the I RS website by going to IRS website and search for the forms. Jim Wallace (age 40) is a single taxpayer, and he lives at 1234 Hallmark Way, Warner Robins, GA 31088. His Social Security number is 555-94-9358. Jims earnings and withholdings as a manager of Best Buy for 2016 are: Earnings from Best Buy $150,000 Federal Income Tax $24,000 State income tax withheld $0 Jims other income includes interest on a savings account at Robins Federal Credit Union for $10,075. Jim also received a Form 1098 Mortgage Interest Statement from Wells Fargo showing mortgage interest paid on his house in the amount of $20,000 for 2016. Jim pays his ex-wife $3,000 per month. When their 12-year old child (in the wifes custody) reaches 18, the payments reduce to $1,500 per month. His ex-wifes Social Security number is 554-44-5555. During the year, Jim paid the following amounts: Credit card interest $1,800 Auto loan interest $4,500 Auto insurance $900 Property taxes on a personal residence $6,500 States and local sales tax paid in 2016 $4,000 Blue Cross Health insurance premiums $2,000 Other medical expenses $800 Income tax preparation fee $500 Charitable Contributions: Boy Scouts $600 St. Matthews Church $400 UGA Pharmacy School $30,000 Georgia Republican Party $300 American Red Cross $50

please help me put it on the form I don't understand.