Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

NEED 2019 David and Darlene Jasper have one child, Sam, who is 6 years old (birthdate July 1, 2013). The Jaspers reside at 4639 Honeysuckle

NEED 2019

David and Darlene Jasper have one child, Sam, who is 6 years old (birthdate July 1, 2013). The Jaspers reside at 4639 Honeysuckle Lane, Los Angeles, CA 90248. David's Social Security number is 577-11-3311, Darlene's is 477-98-4731, and Sam's is 589-22-1142. David's birthdate is May 29, 1986 and Darlene's birthday is January 31, 1988. David and Darlene's earnings and withholdings for 2019 are:

David: Earnings from Apple Company (office manager) $26,600
Federal income tax withheld 800
State income tax withheld 1,050
Darlene: Earnings from Rose Company (perfume tester) $25,500
Federal income tax withheld 1,050
State income tax withheld 1,000

Their other income includes interest from Pine Tree Savings and Loan of $1,900. Other information and expenditures for 2019 are as follows:

Interest: On home acquisition mortgage $11,312
Credit card 925
Taxes: Property taxes on personal residence 1,300
State income taxes paid in 2019 (for 2018) 315
Contribution (with written acknowledgement) to church 1,045
Medical insurance 675
Medical and dental expenses 6,175
Income tax return preparation fee paid in 2019 200
Actual general state sales tax for 2019 1,016
Payment of union dues 225
Contribution to David's IRA 1,000

David and Darlene received a letter from Sam's daycare provider which contains information regarding child care expenses.

Required: Complete David and Darlene's Form 1040, Schedule 1, Schedule 3, Schedule A, Schedule B, Form 2441, and Form 8880.

  • Make realistic assumptions about any missing data.
  • The taxpayers do not want to make a contribution to the presidential election campaign.
  • Enter all amounts as positive numbers.
  • If an amount box does not require an entry or the answer is zero, enter "0".
  • If required round any dollar amount to the nearest dollar (unless instructed otherwise on the tax form).
  • Assume alternative minimum tax is not a factor.

Letter from Kiddiecare, Inc.

David and Darlene received the following letter from Sam's daycare provider:

KIDDIECARE INC. 10250 Santa Monica Blvd. Los Angeles, CA 90067 EIN: 13-3345678

January 14, 2020

David and Darlene Jasper 4639 Honeysuckle Lane Los Angeles, CA 90248

Dear David and Darlene,

Thank you for your patronage of our day care center with your child, Sam Jasper, in 2019. This statement serves as a record of the cost of daycare services we provided during calendar year 2019:

Child Amount Dates of Service
Sam Jasper $3,429.00 1/1/2019 08/25/2019

Sincerely,

/s/ Marcia Clarke

Marcia Clarke Director, KiddieCare Inc.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored 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

Recommended Textbook for

Effective Communications

Authors: Elearn

1st Edition

1138456136, 9781138456136

More Books

Students also viewed these Accounting questions

Question

1. Select effective and appropriate data observation strategies.

Answered: 1 week ago

Question

What is t he nervous syst em? (p. 1 9)

Answered: 1 week ago

Question

What is the central issue of the situation facing the organization?

Answered: 1 week ago