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John and Shannon O'Banion, who live at 3222 Pinon Drive, Mesa, CO 81643, file as married filing jointly. John's social security number is 412-34-5670
John and Shannon O'Banion, who live at 3222 Pinon Drive, Mesa, CO 81643, file as married filing jointly. John's social security number is 412-34-5670 (date of birth 5/12/1984), and Shannon's is 412-34-5671 (date of birth 11/3/1986). John's W-2 contained the following information: Wages (box 1) Federal W/H (box 2) $ 66,346.74 Social security wages Social security W/H Medicare wages Medicare W/H (box 3) (box 4) (box 5) (box 6) = $ 4,787.23 $ 66,346.74 $ 4,113.50 $ 66,346.74 $ 962.03 Shannon did not work for the year due to a medical condition but did receive unemployment compensation of $5,328 for the year with federal withholding of $654.68. In the same year, they had the following medical costs: Shannon's prescribed diabetes medication Shannon's hospital charges Shannon's regular physician visits $ 4,250 9,350 835 75 685 Shannon's eye doctor Shannon's diabetes blood testing supplies Insurance reimbursements In addition, they had the following other expenses: State income taxes 1,925 Real estate property taxes Car loan interest Personal property taxes 'Cash charitable contributions (made ratably throughout the year to their church) Mortgage interest expense Union dues for John $ 4,950 4,170 500 765 2,135 9,970 575 175 Tax preparation fees Required: Prepare a Form 1040 with a Schedule 1 and Schedule A for the O'Banions using any appropriate worksheets. Use the appropriate Tax Tables. Note: List the names of the taxpayers in the order in which they appear in the problem. Round your final answers to the nearest whole dollar amount. Input all the values as positive numbers. Instructions can be found on certain cells within the forms.
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