Question
) Jim and Pam are filing MFJ 2) Jim has a W2 for 120,000 with $15,000 Federal Withheld. 3) Pam has a W2 for 125,000
) Jim and Pam are filing MFJ
2) Jim has a W2 for 120,000 with $15,000 Federal Withheld.
3) Pam has a W2 for 125,000 with $18,000 Federal Withheld
4) They have 2 kids together that lived with them the entire year. Roger is 8 years old and Jennifer is 17 years old as of year end.
5) Mortgage Interest is $21,000
6) Church contributions total $35.000
7) Medical expenses are $10,000
8) Real Estate taxes paid were $7,000
9) Personal Property taxes paid were $3,000
10) They had $1,200 in Interest Income
11) They had $800 in Dividend Income
12) They had a $15,000 long term capital loss
13) Jim Paid $3,000 in student loan interest
14) Pam Paid $2,000 in alimony from a 2015 divorce.
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