Complete the schedule A $1040$ form itemized deductions $(2023)$ for the claire and philip based on the facts below. I can only attach one pic and that is the K$-1$ form to use. You can find a copy of a Schedule A for free online. $///////////////$ Facts:

Phillip and Claire Humphrey are married and file a joint return. Phillip is a civil engineer and runs his own

engineering firm called Phillip Humphrey Engineering, which is conducted as a sole proprietorship with

Phillip being the sole owner, and Claire is a flight attendant. Phillip and Claire have two dependent

children, Haley and Luke, who live at home with Phillip and Claire. The Humphreys provide you with the

following additional information:

$$ The Humphreys do not want to contribute to the presidential election campaign.

$$ The Humphreys would like to receive a refund $($if any$)$ of tax they may have overpaid for the

year. Their preferred method of receiving the refund is by check.

$$ The Humphreys live at $3800$ Brighton Avenue, Lincoln, Nebraska $68510.$

$$ Phillip$$s birthday is $11/5/1974$ and his social security number is $321-11-5700.$

$$ Claire$$s birthday is $5/12/1977$ and her social security number is $567-11-1268.$

$$ Haley$$s birthday is $2/1/2010$ and her social security number is $621-11-7592.$

$$ Luke$$s birthday is $12/12/2013$ and his social security number is $621-11-9935.$

$$ The Humphreys do not have any foreign bank account or trusts.

$$ During $2023,$ the Humphreys did not receive, sell, send, exchange, or otherwise acquire any

financial interest in any virtual currency.

$2$

$1)$ Claire is a flight attendant for Midwest American Airlines $($MAA$),$ where she earned a salary of

$$57,000($W$-2$ income$).$ MAA withheld federal income tax of $$6,375,$ state income tax of $$1,800,$

Social Security tax of $$3,534,$ and Medicare tax of $$827.$

$2)$ The Humphreys filed their $2022$ federal and state tax returns on April $2,2023.$ They paid the

following additional $2022$ taxes with their returns: Federal income taxes of $$300$ and state

income taxes of $$380.$

$3)$ The Humphreys made timely estimated federal income tax payments of $$6,100$ each quarter

during $2023.$ They also made estimated state income taxes of $$2,000$ each quarter. The Halls

made the federal and state fourth quarter estimated tax payments on December $31,2023.$

$4)$ Claire received a $2023$ K$-1$ from the Dunphy Partnership interest she purchased two years ago.

Claire materially participates in the partnership. A copy of the K$-1$ can be found in Canvas.

$5)$ The Humphreys received the following during the year:

Interest income from Bank of America $$300$

Interest income from the City of Denver bonds $$170$

Interest income from U$.$S$.$ Treasury Bond $$120$

Qualified dividend income from Target Corp. $$300$

Qualified dividend income from CVS Health Corp. $$620$

Qualified dividend income from Microsoft $$210$

$*$In our tax return class, I will demonstrate how to complete Schedule B $($Interest and Dividends$)$

using this information.

$6)$ The Humphreys have also provided the following information for their $2023$ expenses:

Real estate taxes on personal residence $7,200$

State income taxes You need to

determine this

amount

Mortgage interest on principal residence mortgage of $$320,000$

$($Reported on Form $1098)$

$9,200$

Home equity interest on $$30,000$ mortgage used to purchase

new car

$580$

Interest on credit cards $($for vacation and consumer purchases$)300$

$3$

Please note:

$$ At this point, you do not have the Adjusted Gross Income $($AGI$)$ for Phillip and Claire. Assume

that their cash contributions do not reach the AGI ceiling limitation$.$

$$ For medical and dental expenses, I have already entered a value of $0$ on line $4$ of Schedule A

uploaded on Canvas. Therefore, you do not have to worry about lines $1$ through $3$ on

Schedule A$.$

$$ Keep in mind that items from the Schedule K$-1($from the Dunphy Partnership$)$ flow through

to the Humphreys$$ tax return to the applicable places.

$$ The Schedule SE for Part I of the project must be completed for Claire because she has self$-$

employment income reported on the Schedule K$-1.$ You will complete the Schedule SE for

Phillip in Part II of the project. $($His business income information will be given in the Part II

instructions.$)$

Cash contribution to American Cancer Society $($a qualified

charitable organization$)$

$10,000$

Cash contribution to a museum $($a qualified charitable

organization$)$

$5,000$

Unreimbursed employee business expenses $($Claire$)345$