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hows 4 7 and 4 5 , are married and live at 5 8 4 Thorea Dos ( nalued $ 8 , 0 0 0
hows and are married and live at Thorea Dos
nalued $ during the summer. Kelly and Chanelle harg
Earlad working for a marketing firm. In sum, Kelly and
fret itan of both Emma's and Chet's total support for the yeas
Karly is a commercial pilot for a small airlinc. Ilis salary is
$ of federal income tax and $ of state income tax
pays premiums for health, disability, and life insurance. $
health insurance, $ for disability, and $ for life insurancr
Chanelle owns Alliance Networks, a proprietorship that
During the year, Chanelle's gross revenues were $ She
penses in her business:
Liability insurance
Software rental
Journals and magazines
Training seminars
Supplies
Donations to a political campaign fund
Kelly enjoys playing guitar and plays in a band. Kelly's band has developed a local
following. This year, his gross revenues were $ for playing shows and $ on CD
sales. He incurred the following expenses:
Kelly's father passed away during the year. Kelly and Chanelle received $ from
the life insurance policy. Neither Kelly nor Chanclle paid any of the premiums.
Chanelle purchased shares of Thurston Co stock on May for $
Thurston Co was declared bankrupt during the current year.
Chet's physician recommended that he see a physical therapist to help with his dis
ability. Kelly paid rhe therapist $ during the year because his insurance would not
cover the bills.
Kelly and Chanelle went ro I as Vegas and won $ at the blackjack rable. The next
night, they lost $
Kelly and Chanclle gave $ to their church and, during the year, they had the fol
lowing other income and expenses:
Prepare Kelly and Chanelle's tax recurn Form and Schedules B D and SE
for Assume rhe couple had no transactions involving virtoal currency.
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