Need to do a 1040 federal income tax return. Questions:

For my income #7 wages, salaries, tips, etc......is it $115,325 or is there other income that I need to add to it? Confused...I assume the 1099-Misc income is reported on Schedule C, so I do NOT include it on #7 wages, salaries, tips? Thanks!

Is there tax-exempt interest? $200 interest income from Patterson, New Jersey School District?

Joseph and Diana Cohen live in Pleasantville, New Jersey. Joseph is the Vice President of Sales at a small start-up company. Diana is a former advertising executive who currently consults with former clients. She also serves on the Board of Directors of an advertising company. The Cohens have three children: Rebecca (18), Alan (15) and David (12). During the year, Rebecca left home to attend a liberal arts college. The Cohens plan to file a joint tax return. The Cohens provided the following information: Josephs Social Security number is 59894-2583 Dianas Social Security number is 301-52-2942 Rebeccas Social Security number is 887-44-8710 Alans Social Security number is 810-42-9092 Davids Social Security number is 855-11-3021 The Cohens mailing address is 85 North Maple Drive, Pleasantville, New Jersey 08233 Rebecca, Alan, and David are tax dependents for federal tax purposes Joseph Cohen reported the following the following information relating to his employment during the year: Company Alternative Energy Gross Wages $115,325 Federal Income Tax Withholding $28,230 State Income Tax Withholding $13,400 The above amounts do not reflect any income items described below. . Josephs employer withheld all applicable and appropriate payroll taxes on all income for which it was required to withhold. Diana Cohen received the following revenue during the year (she uses the cash method of accounting). Consulting revenue reported to her on a form 1099-MISC, Box 7 High-end Retail $32,000 Jensens Health Products $8,500 Strategic Solutions $3,750 Board of Directors fees reported to her on a form 1099-MISC, Box 7 Natural Sunshine, Inc. $6,500 During the year, Diana paid the following business expenses: Consultant-related Airfare Hotel Meals Parking $2,900 $1,450 $390 $320 She drove 290 business miles for her consulting related activities (she has documentation to verify) Board of Director-relatedMeals Hotel $125 $225 She drove 315 business miles for her Board of Director activities (she has documentation to verify) Neither business required the filing of forms 1099 to report payments made during the tax year. In addition, Ms. Cohen drove a 2010 Lexus purchased on January 1, 2010 for all of her business mileage. She drove the vehicle a total of 10,605 miles during the year for all purposes. She has written documentation to support the mileage amounts. She also has access to another vehicle for personal purposes. The Cohens also received the following during the year: Interest income from First Bank of New Jersey $320 Interest income from Patterson, New Jersey School District$200 Interest income from U.S. Treasury Bond $350 Interest income from General Mills corporate bond $400 Qualified dividend income from Rio Tinto $1,500 Qualified dividend income from Microsoft $750 Qualified dividend income from Cooper Tire $200 Qualified dividend income from Cardinal Health $425 Qualified dividend income from Union Pacific $140 Qualified dividend income from Procter & Gamble $190 Qualified dividend income from PepsiCo $225 Qualified dividend income from Kellogg $200 Qualified dividend income from Abbott Labs $275 Qualified dividend income from 3M $350 Dividend income (not qualified) from China Fund $2,000 The Cohens did not own, control or manage any foreign bank accounts nor were they a grantor or beneficiary of a foreign trust during the tax year. The Cohens had the following activity in their brokerage account during the year. All transactions were reported on a form 1099-B with Box A checked: Sold 2,000 shares of Microsoft 7/1/CY (current year) $22,500 Sold 75 shares of Apple 4/15/CY $28,750 Sold 350 shares of Cooper Tire 10/14/CY $14,700 Sold 1,000 shares of Cardinal Health9/3/CY $35,000 Sold 50 shares of Union Pacific1/7/CY $2,750 Purchased 100 shares of Procter & Gamble 7/10/CY$7,700 Purchased 75 shares of Apple4/18/CY$29,000 Purchased 350 shares of Cooper Tire 11/1/CY $14,000 Purchased 350 shares of PepsiCo 5/14/CY $32,000 Purchased 300 shares of Kellogg 10/14/CY $21,000

Relevant tax basis/holding period information related to sales of securities in the current year: Purchased 2,000 shares of Microsoft on 5/1/CY for $21,000 Purchased 200 shares of Apple on 3/8/2010 for $90,000 Purchased 300 shares of Cooper Tire on 1/12/2009 for $9,000 Purchased 50 shares of Cooper Tire on 6/28/CY for $2,000 Received 1,000 shares of Cardinal Health from Dianas father as a gift on 10/10/96. Donors basis was $7,000. FMV at the date of the gift was $41,000 Purchased 100 shares of Union Pacific on 9/5/PY (prior year) for $6,000 The Cohens have a $43,000 long-term capital loss carry forward from their prior tax year. The Cohens received a New Jersey state tax refund of $400 in the current year relating to their prior year New Jersey Individual Income Tax return filed in April of the current year. The Cohens received full benefit for all of the state tax income taxes they paid and deducted in the prior year. In May, Joseph was injured at home in an accident. The accident restricted Joseph from working for about a month. During this time, Joseph received $15,000 in disability payments attributable to a disability insurance policy. The disability policy premiums were paid on Josephs behalf as a nontaxable fringe benefit. The Cohens paid the following expenses during the year: Dentist (unreimbursed by insurance) $1,500 Doctors (unreimbursed by insurance) $ 2,425 Prescriptions (unreimbursed by insurance) $ 675 Real property taxes on residence $7,525 Vehicle property tax based upon value $1,250 Mortgage interest on principal residence $12,550 Margin interest paid to broker $600 Contribution to United Way $2,000 Contribution to American Cancer Society $5,000 Contribution to neighborhood drive to oppose development project $500 Contribution to the Temple Mount Synagogue $12,000 Fee paid to Mouser, Johnson, and Hintze CPAs for tax preparation$450 The Cohens also donated clothing, electronics, furniture and other household goods to the Salvation Army of Pleasantville, New Jersey on April 15. Estimated thrift value of the goods donated is $275. Miscellaneous Information During the year, the Cohens paid for Rebeccas tuition payments to attend The College of Liberal Arts of New Jersey (CLA). Rebecca attended the spring/summer and the fall semesters as a full-time student. Total amount paid by the Cohens during the year for tuition was $9,000 and $2,000 for books. Rebecca also used $6,000 from a scholarship received from CLA to pay the rest of the tuition. Rebecca was not required to perform any services as a condition of accepting the scholarship. Rebecca was not employed during the year. CLAs address and employer identification number (EIN) is as follows: The College of Liberal Arts of New Jersey 65 Ivory Tower Penns Grove, NJ 08069 EIN- 22-5698324 The Cohens would like to contribute to the Presidential Election Campaign. The Cohens would also like to receive a refund (if any) of any tax they may have overpaid for the year. Their preferred method of receiving the refund is by check.