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I think i've done this correctly but it's worth a large part of my grade so i was wanting something to check my answers against.

I think i've done this correctly but it's worth a large part of my grade so i was wanting something to check my answers against. please help. i've attached it.image text in transcribed

Tax Return-Individual Number Three (after Chapter 7) Instructions: Please complete the required federal individual income tax return forms for Bob and Melissa Grant for the 2013 tax year. Ignore the requirement to attach the form(s) W-2 to the front page of the Form 1040. If required information is missing, use reasonable assumptions to fill in the gaps. Bob (age 43) and Melissa Grant (age 43) are married and live in Lexington, Kentucky. The Grants have two children Jared, age 15, and Alese, age 12. The Grants would like to file a joint tax return for the year. The following information relates to the Grants' tax year: Bob's Social Security number is 987-45-1234 Melissa's Social Security number is 494-37-4893 Jared's Social Security number is 412-32-5690 Alese's Social Security number is 412-32-6940 The Grants' mailing address is 95 Hickory Road, Lexington, Kentucky 40502. Jared and Alese are tax dependents for federal tax purposes Bob Grant received the following during the year: Employer National Storage Lexington Little League Gross Wages $66,200 $2,710 Federal Income Tax Withholding $8,000 0 State Income Tax Withholding $3,750 0 Melissa Grant received the following during the year: Employer Gross Wages Jensen Photography $24,500 Federal Income Tax Withholding $2,450 State Income Tax Withholding $1,225 All applicable and appropriate payroll taxes were withheld by Grants' respective employers. The Grants also received the following during the year: Interest income from First Kentucky Bank Interest income from City of Lexington, KY Bond Interest income from U.S. Treasury Bond Interest income from Nevada State School Board Bond Workers' compensation payments to Bob $130 Disability payments received by Bob on account of injury $3,500 $450 $675 $150 $4,350 1 National Storage paid 100% of the premiums on the policy and included the premium payments in Bob's taxable wages Receipt of payment by Melissa as a result of a lawsuit for damages sustained in a car accident: Medical Expenses $2,500 Emotional Distress $12,000 Punitive Damages $10,000 Total $24,500 Eight years ago, Melissa purchased an annuity contract for $88,000. She received her first annuity payment on January 1, 2013. The annuity will pay Melissa $15,000 per year for ten years (beginning with this year). The $15,000 payment was reported to Melissa on Form 1099R for the current year (box 7 contained an entry of \"7\" on the form). The Grants did not own, control or manage any foreign bank accounts nor were they a grantor or beneficiary of a foreign trust during the tax year. The Grants paid or incurred the following expenses during the year: Dentist/Orthodontist (unreimbursed by insurance) $10,500 Doctors (unreimbursed by insurance) $ Prescriptions (unreimbursed by insurance) $ 380 KY state tax payment made on 4/15/13 for 2012 liability $ Real property taxes on residence $ 1,800 Vehicle registration fee based upon age of vehicle $ 250 Mortgage interest on principal residence $ 8,560 Interest paid on borrowed money to purchase the City of Lexington, KY municipal bonds $ Interest paid on borrowed money to purchase U.S. Treasury bonds $ 240 Contribution to the Red Cross $ Contribution to Senator Rick Hartley's Re-election Campaign $ Contribution to First Baptist Church of Kentucky $ Fee paid to Jones & Company, CPAs for tax preparation $ 625 1,350 400 1,000 2,500 6,000 200 In addition, Bob drove 6,750 miles commuting to work and Melissa drove 8,230 miles commuting to work. The Grants have represented to you that they maintained careful logs to support their respective mileage. The Grants drove 465 miles in total to receive medical treatment at a hospital in April. 2 During the year, the Grants' personal residence was burglarized on October 1. The theft occurred during the day while both the Grants were at work and their children were at school. The Grants had the following personal property stolen: Item Purchase Date Fair Value on Date of Theft Tax Basis of Item Laptop computer and Printer Rifle TV/Projector 2006 Honda Pilot Total 09/01/2013 3,000 3,000 Insurance Reimbursement Received 500 03/01/2011 03/01/2011 07/01/2012 2,000 5,000 4,000 14,000 2,500 13,000 6,500 25,000 500 1,000 500 2,500 The Grants want to contribute to the Presidential Election Campaign. The Grants would like to receive a refund (if any) of any tax they may have overpaid for the year. Their preferred method of receiving the refund is by check. 3

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