Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Hi, I need your help. I'm doing the next exercise and I have questions. Which one of these is written on schedule 1? Is medical

image text in transcribed

Hi, I need your help. I'm doing the next exercise and I have questions.

Which one of these is written on schedule 1?

Is medical insure added to dental expense or is it not counted as self-employment?

image text in transcribed
1. David and Darlene Jasper have one child, Sam, who is 6 years old (birthdate July 1, 2013). The Jaspers reside at 4639 Honeysuckle Lane, Los Angeles, CA 90248. David's Social Security number is 577-11-3311, Darlene's is 477-98-4731, and Sam's is 589- 22-1142. David's birthdate is May 29, 1986 and Darlene's birthday is January 31, 1988. David and Darlene's earnings and withholdings for 2019 are: David: Earnings from Apple Company (office manager) $26,600 Federal income tax withheld 800 State income tax withheld 1,050 Darlene: Earnings from Rose Company (perfume tester) $25,500 Federal income tax withheld 1,050 State income tax withheld 1,000 Their other income includes interest from Pine Tree Savings and Loan of $1,900. Other information and expenditures for 2019 are as follows: Interest: On home acquisition mortgage $11,312 Credit card 925 Taxes: Property taxes on personal residence 1,300 State income taxes paid in 2019 (for 2018) 315 Contribution (with written acknowledgement) to church 1,045 Medical insurance 675 Medical and dental expenses 6,175 Income tax return preparation fee paid in 2019 200 Actual general state sales tax for 2019 1,016 Payment of union dues 225 Contribution to David's IRA 1,000

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Payroll Accounting 2018

Authors: Bernard J. Bieg, Judith Toland

28th edition

1337291056, 978-1337291057, 1337291137, 9781337291132, 9781337516686 , 978-1337291040

More Books

Students also viewed these Accounting questions

Question

1. Too understand personal motivation.

Answered: 1 week ago