Question
Keisha Sanders, a divorced single taxpayer, and practicing attorney, lives at 9551 Oak Leaf Lane in Pine Cove, AZ 86035. Her social security number is
Keisha Sanders, a divorced single taxpayer, and practicing attorney, lives at 9551 Oak Leaf Lane in Pine Cove, AZ 86035. Her social security number is 412-34-5670 (date of birth 2/27/1972). Keisha had qualifying health care coverage at all times during the tax year.
Her W-2 contained the following information:
Wages (box 1)=$83,401.55
Federal W/H (box 2)=$9,782.15
Social security wages (box 3)=$83,401.55
Social security W/H (box 4)=$5,170.90
Medicare wages (box 5)=$83,401.55
Medicare W/H (box 6)=$1,209.32
In addition, Keisha made alimony payments totaling $9,600 for the year to her former husband Alex, an unemployed mine worker, whose social security number is 412-34-5671.
She also received a 1099 INT from Pine Cove Credit Union in the amount of $204.75.
Keisha also has the following information for her Schedule A, itemized deductions:
Interest expense
Home mortgage (qualified residence interest)$8,100MasterCard (used exclusively for personal expenses and purchases)425Car loan (personal use)600Student loan interest1,750
Taxes paid
State income tax withheld2,950State income tax deficiency (for 2014)350Real estate taxesprincipal residence1,700Personal property taxescar75Registration feecar135
Medical expenses
Doctors fees500
Prescription drugs200
Vitamins and over-the-counter drugs250
Dental implant to correct a bite problem1,600
Health club fee400
Charitable contributions(all required documentation is maintained)Cash:Church3,100(made ratably throughout the year)United Way100PBS annual campaign200Property:Pine Cove Goodwillused clothing and household itemsDate of donation November 15, 2016Thrift shop value at date of donation350Purchase price of the items1,300
OtherInvestment publications150Tax return preparation fee275Business dues and subscriptions350Safe deposit box75
Prepare a Form 1040, a student loan worksheet, a Schedule A, and a Form 8283 for Keisha using any other appropriate worksheets. (Input all the values as positive numbers.)
Use the appropriate Tax Tables.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started