Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Individual Tax Return 2021 - Please use the 2022 Tax Forms from the IRS.gov website John Williams (age 42) is a single taxpayer, and he

Individual Tax Return 2021 - Please use the 2022 Tax Forms from the IRS.gov website

John Williams (age 42) is a single taxpayer, and he lives at 1324 Forest Dr., Reno, NV 89501. His Social Security number is 555-94-9358. John's earnings and withholdings as the manager of a local casino for 2013 are:

Earnings from the Lucky Ace Casino $195,000 Federal income tax withheld 32,000 State income tax withheld 0

John's other income includes interest on a savings account at Nevada National Bank of $13,075. John pays his ex-wife $4,000 per month. When their 12-year-old child (in the wife's custody) reaches 18, the payments are reduced to $2,800 per month. His ex-wife's Social Security number is 554-44-5555.

During the year, John paid the following amounts (all of which can be substantiated): Credit card interest $1,760 Auto loan interest 4,300 Auto insurance 900 Property taxes on personal residence 6,200 State and local sales taxes actually paid during 2013 4,000 Blue Cross health insurance premiums 1,800 Other medical expenses 790 Income tax preparation fee 900 Charitable contributions: Boy Scouts 800 St. Matthews Church 300 U. of Nevada (Reno) Medical School 30,000 Nevada Democratic Party 250 Fund-raising dinner for the Reno Auto Museum 100 (Value of dinner is $50)

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

Agile Audit Transformation And Beyond

Authors: Toby DeRoche

1st Edition

1032062894, 978-1032062891

More Books

Students also viewed these Accounting questions