Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Instructions Letter from Kiddiecare, Inc. Form 1040 Schedule 1 Schedule 3 Schedule A H Instructions Comprehensive Problem 7-1 David and Darlene Jasper have one child,

image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
Instructions Letter from Kiddiecare, Inc. Form 1040 Schedule 1 Schedule 3 Schedule A H Instructions Comprehensive Problem 7-1 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: $26,600 800 1,050 David: Earnings from Apple Company (office manager) Federal income tax withheld State income tax withheld Darlene: Earnings from Rose Company (perfume tester) Federal income tax withheld State income tax withheld $25,500 1,050 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 Instructions Letter from Kiddiecare, Inc. Form 1040 Schedule 1 Schedule 3 Schedule A $11,312 925 1,300 315 Instructions Interest: On home acquisition mortgage Credit card Taxes: Property taxes on personal residence State income taxes paid in 2019 (for 2018) Contribution (with written acknowledgement) to church Medical insurance Medical and dental expenses Income tax return preparation fee paid in 2019 Actual general state sales tax for 2019 Payment of union dues Contribution to David's IRA 1,045 675 6,175 200 1,016 225 1,000 David and Darlene received a letter from Sam's daycare provider which contains information regarding child care expenses. Required: Complete David and Darlene's Form 1040 Schedule 1 Schedule 3 Schedule A Schedule Form 2441 and Farm RRR David and Darlene received a letter from Sam's daycare provider which contains information regarding child care expenses. Required: Complete David and Darlene's Form 1040, Schedule 1, Schedule 3, Schedule A, Schedule B, Form 2441, and Form 8880. Make realistic assumptions about any missing data. The taxpayers do not want to make a contribution to the presidential election campaign. Enter all amounts as positive numbers. If an amount box does not require an entry or the answer is zero, enter "0". If required round any dollar amount to the nearest dollar (unless instructed otherwise on the tax form). Assume alternative minimum tax is not a factor. Check My Work Letter from Kiddiecare, Inc. David and Darlene received the following letter from Sam's daycare provider: KIDDIECARE INC. 10250 Santa Monica Blvd. Los Angeles, CA 90067 EIN: 13-3345678 January 14, 2020 David and Darlene Jasper 4639 Honeysuckle Lane Los Angeles, CA 90248 Dear David and Darlene, Dear David and Darlene, Thank you for your patronage of our day care center with your child, Sam Jasper, in 2019. This statement serves as a record of the cost of daycare services we provided during calendar year 2019: Child Sam Jasper Amount $3,429.00 Dates of Service 1/1/2019 - 08/25/2019 Sincerely, /s/ Marcia Clarke Marcia Clarke

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

Cash And Financial Management Study Text

Authors: Kaplan

1st Edition

9781839960529

More Books

Students also viewed these Accounting questions

Question

b. Predict lichen N for an NO 3 deposition value of .5.

Answered: 1 week ago

Question

Describe the patterns of business communication.

Answered: 1 week ago

Question

3. Provide two explanations for the effects of mass media

Answered: 1 week ago