Question
Following is a list of information for Robert and Amy Pax for the tax year 2019. Robert and Amy are married and have three children,
Following is a list of information for Robert and Amy Pax for the tax year 2019. Robert and Amy are married and have three children, Alice, Bryson, and Carl. They live at 500 Main Street, Phoenix, AZ 85021. Robert is a counselor working for a company called Healthy U. Amy works part-time as a pharmacy tech in Walgreens. Here are their social security numbers and birthdates:
NameSocial Security Number Birthdate
Robert 123-56-3214 1/15/1988
Amy 564-52-6363 2/23/1990
Alice 558-99-3336 5/5/2013
Bryson 120-33-4566 6/23/2015
Carl 880-11-2323 8/9/2017
Robert Pax :
Wages $70,000
Social Security Wages $4,339.92
Medicare Wages $70,000
Federal Income Tax withheld $5,77
SS Tax Withheld $4,339.92
Medicare tax withheld $1,015.04
State Income Tax $1872
Amy Pax :
Wages $32,000
SS Wages "
Medicare Wages "
Federal Income Tax Withheld $720.20
Social Security Tax Withheld $1938,80
Mediare Tax Withheld $463.84
State Income Tax $864.24
Key data to enter for the return:
State income taxes paid with last year's tax return $475
Property taxes on home $1,600
Property taxes on automobile $200
Interest on credit cards $500
Cash contribution to church $4,525
In addition to the above, on September 17, 2019 Robert and Amy donate some Beta Trader, Inc. stock to Lakeville Community College. Beta Trader, Inc. is publicly traded. The FMV of the stock on the date of the contribution is $1000. John and Amy had purchased the stock on November 7, 2004 for $600. Compute John and Amy's income tax liability for 2019 using Form 1040, Schedules A and B, and Form 8283, if necessary.
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