Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

John Fuji (birthdate June 6, 1981) moved from California to Washington in December 2018. His earnings and income tax withholding for 2019 for his job

John Fuji (birthdate June 6, 1981) moved from California to Washington in December 2018. His earnings and income tax withholding for 2019 for his job as a manager at a Washington apple-processing plant are reported on his W-2 form (see separate tab).

John's other income includes interest on a Certificate of Deposit reported on a Form 1099-INT (see separate tab).

Also, in accordance with the January 2019 divorce decree, he paid $500 per month alimony to his ex-wife (Dora Fuji, Social Security number 573-79-6075) starting with February 2019.

John received a Form 1098 that reports his mortgage interest and property taxes (see separate tab).

During 2019, John paid the following amounts (all of which can be substantiated)

His earnings and income tax withholding for 2019 for his job as a manager at a Washington apple-processing plant are:

a Employee's social security number

571-78-5974

OMB No. 1545-0008 Safe, accurate, FAST! Use IRSe ~ file Visit the IRS website at www.irs.gov/efile
b Employer identification number (EIN) 34-7654321 1 Wages, tips, other compensation 77,300.00 2 Federal income tax withheld 8,100.00
c Employer's name, address, and ZIP code Granny Smith Apple Co. 200 Ahtanum Rd. Yakima, WA 98903 3 Social security wages 77,300.00 4 Social security tax withheld 4,792.60
5 Medicare wages and tips 77,300.00 6 Medicare tax withheld 1,120.85
7 Social security tips 8 Allocated tips
d Control number 9 10 Dependent care benefits
e Employee's first name and initial Last name Suff. 11 Nonqualified plans 12a See instructions for box 12
C o d e
John Fuji 468 Bonnie Doon Ave. Yakima, WA 98902 13
Statutory employee Retirement plan Third-party sick pay
12b
C o d e
14 Other 12c
C o d e
12d
C o d e
f Employee's address and ZIP code
15 State Employer's state ID number 16 State wages, tips, etc. 17 State income tax 18 Local wages, tips, etc. 19 Local income tax 20 Locality name
WA
Form W-2 Wage and Tax Statement 2019 Department of the TreasuryInternal Revenue Service
Copy BTo Be Filed With Employee's FEDERAL Tax Return. This information is being furnished to the Internal Revenue Service.

John's other income includes interest on a Certificate of Deposit reported on a Form 1099-INT:

VOID CORRECTED
RECIPIENT'S/LENDER'S name, street address, city or town, state or province, country, ZIP or foreign postal code, and telephone no.

Braeburn National Bank 1600 W. Nob Hill Blvd. Yakima, WA 98902

OMB No. 1545-0380 2019 Form 1098 Mortgage Interest Statement
1 Mortgage interest received from payer(s)/borrower(s)* $ 7,775.13 Copy B For Recipient/ Lender For Privacy Act and Paperwork Reduction Act Notice, see the 2019 General Instructions for Certain Information Returns.
RECIPIENT'S/LENDER'S TIN

54-9019016

PAYER'S/BORROWER'S TIN

571-78-5974

2 Outstanding mortgage principal $255,321.78 3 Mortgage origination date 12/1/2017
4 Refund of overpaid interest $ 5 Mortgage insurance premiums $
PAYER'S/BORROWER'S name

John Fuji

6 Points paid on purchase of principal residence $
Street address (including apt. no.)

468 Bonnie Doon Ave.

7 If address of property securing mortgage is the same as PAYER'S/BORROWER'S address, check the box, or enter the address or description in box 8.
City or town, state or province, country, and ZIP or foreign postal code

Yakima, WA 98902

8 Address or description of property securing mortgage (see instructions)
9 Number of properties securing the mortgage

1

10 Other

Prop. Taxes $2,100

11 Mortgage acquisition date
Account number (see instructions)
Form 1098 www.irs.gov/Form1098 Department of the Treasury - Internal Revenue Service

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered 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

Students also viewed these Accounting questions

Question

Howard

Answered: 1 week ago