Question
Jonathan Michaels is single, has no dependents, and lives at 55855 Ridge Drive in Santa Fe, NM 87501. His social security number is 412-34-5670 (date
Jonathan Michaels is single, has no dependents, and lives at 55855 Ridge Drive in Santa Fe, NM 87501. His social security number is 412-34-5670 (date of birth 3/15/1975). Jonathan had qualifying health care coverage at all times during the tax year.
His W-2 contained the following information:
Wages (box 1) | = | $ | 48,565.35 |
Federal W/H (box 2) | = | $ | 5,024.95 |
Social security wages (box 3) | = | $ | 48,565.35 |
Social security W/H (box 4) | = | $ | 3,011.05 |
Medicare wages (box 5) | = | $ | 48,565.35 |
Medicare W/H (box 6) | = | $ | 704.20 |
He has gambling winnings of $550 and the following expenses:
State income taxes | $ | 2,200 | |
Real estate taxes | 1,150 | ||
Medical expenses | 5,400 | ||
Charitable cash contributions | |||
(no single contribution was over $250) | 450 | ||
Mortgage interest expense | 4,605 | ||
Personal property taxes | 220 | ||
Gambling losses | 660 | ||
Job-hunting expenses within the same profession | |||
(he did not get the new position) | 310 | ||
Prepare a Form 1040 and Schedule A for Jonathan using any appropriate worksheets
Prepare a Form 1040 help needed on
Line 40 (itemized deductions) = ?
Line 42 (exemptions) = ?
Line 44 (tax) = ?
Schedule A help needed on
Line 3 (mult line 2 by 10%) =?
Line 10 (home mortgage interest and points reported to you on form 1098) =?
Line 28 (Other form list in instructions.) =?
Line 29 (is form 1040, line 38 over 155,650? NO) =?
I need help on a standard 1040 on the following blanks (please see web for a 1040, I couldnt attach a blank one)
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