Question
John Williams (birth date August 2,1974) is a single taxpayer. John's earnings and withholdings as the manager of a local casino for 2017 are reported
John Williams (birth date August 2,1974) is a single taxpayer. John's earnings and withholdings as the manager of a local casino for 2017 are reported on his W-2
Wages tips and other compensations | 195600 |
Federal Income tax withheld | 31680 |
Social security wagas | 127200 |
social security taxes withheld | 7886.40 |
Medicare wages and tips | 195600 |
Medicare tax withheld | 2836.20 |
Johns other income includes interest on a saving account at Nevada National Bank of $13,685.
John pays his ex-wife, Sarah McLoughlin, $3,900 per month. When their 12 year-old child (in the ex-wifes custody) reaches the age of 18, the payments are reduced to $2,725 per moth. His ex-wifes Social Security number is 554-44-5555.
In 2017 John purchased a new car and so he kept track of his sales tax receipts during the year. His actual sales tax paid is $3,660, which exceeds the estimated amount per the IRS tables.
During the year John paid the following amounts (all of which can be substantiated)
Credit card interest $1760
Auto loan interest $4300
Auto insurance $900
Property taxes on personal residence $2640
Blue Cress health insurance premium $2800
Other medical expenses $790
Income tax preparation fee $900
Charitable contributions:
Boyd Scouts $1350
St. Matthews Church $3100
U. of Nevada (Reno) Medical School $26900
Nevada Democratic Party $250
Fund-raising dinner for Reno Auto Museum $100
(Value of dinner is $25)
John Also received the following form 1098
Mortgage interests received from payers/borrowers | 18950 |
Outstanding Mortgage principal as of 01/01/207 | 594400 |
Mortgage original date | 03/01/2001 |
REQUIRED:
Complete Johns federal tax return for the 2017. Use form 1040, Schedule A, and schedule B. Make realistic assumptions about any missing data.
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