Question
David and Darlene Jasper have one child, Sam, who is 6 years old. The Jaspers reside at 4639 Honeysuckle Lane, Los Angeles, CA 90248. Davids
David and Darlene Jasper have one child, Sam, who is 6 years old. The Jaspers reside at 4639 Honeysuckle Lane, Los Angeles, CA 90248. Davids Social Security number is 577-11-3311, Darlenes is 477-98-4731, and Sams is 589-22-1142. David and Darlenes earnings and withholdings for 2015 are: David: Earnings from Apple Company (office manager) $25,750 Federal income tax withheld 2,800 State income tax withheld 1,050 Darlene: Earnings from Rose Company (perfume tester) $25,100 Federal income tax withheld 2,650 State income tax withheld 900 Their other income includes interest from Pine Tree Savings and Loan of $1,850. Other information and expenditures for 2015 are as follows: Interest: On home acquisition mortgage $11,250 Credit card 925 Taxes: Property taxes on personal residence 2,300 State income taxes paid in 2015 (for 2014) 315 Contribution (with written acknowledgement) to church 1,010 Medical insurance 475 Medical and dental expenses 2,800 Income tax return preparation fee paid in 2015 200 Payment of union dues 225 Child care for Sam (incurred when both David and Darlene were working) 3,500 In 2015, David lost his job. David paid for one month of insurance out-of-pocket and then the family went without insurance for September through December 2015. They are not eligible for any exemptions from health care coverage. Required: Complete the Jaspers federal tax return for 2015. Use Form 1040, Schedule A, Schedule B, Form 2441, and the Shared Responsibility Payment Worksheet and the Flat Dollar Amount Worksheet. Make realistic assumptions about any missing data.
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