Norman and Leslie Beber are married and file a joint return in 2016 They live at 12345 Hemenway Avenue, Marlborough, MA 01752 Norman is a self employed tax preparer and his SSN is 412 34 5670 Leslie is a manager and her SSN is 412 34 5671 They had the following income and expenses for the year Leslie's W 2 Gross wages$100,776Social security tax6,248Medicare tax1,461Federal withholding tax20,035State withholding tax4,800 Norman was the sole proprietor of NAMA Tax Service His business is located at 123 Main Street, Marlborough, MA, 01752 and his business code is 541213 He had the following revenue and expenses Revenue$80,000Expenses Advertising1,200Insurance3,200Telephone2,400Office rent18,000Utilities4,800Office supplies5,000Depreciation6,041(must be allocated to the 1231 assets listed next) Norman had the following business assets Office furniture Purchased for $4,950 on May 20, 2014 The equipment is being depreciated over seven year MACRS 200 declining balance Norman sold it on May 15, 2016, for $4,000 Office equipment Purchased a copier for $13,800 on January 10, 2016 The copier is being depreciated over five year MACRS 200 declining balance Norman makes no elections for 179 or bonus depreciation Computer and equipment Purchased a computer system for $8,900 on January 2, 2015 The computer is being depreciated over five year MACRS 200 declining balance Norman makes no elections for 179 or bonus depreciation Norman and Leslie had the following other sources of income and deductions Interest from a CD in the amount of $1,410 Long term loss carryover from 2013 of $5,000 Real estate taxes of $8,459 Home mortgage interest of $14,041 Charitable contributions in cash over the year of $1,800 all receipts and acknowledgments were received from the charitable organizations Norman has made four (4) quarterly installments of $625 each as estimated taxes for 2016 All estimated tax payments were paid by the due date using the 1040 ES coupons Prepare Form 1040 and all related schedules, forms, and worksheets for Norman and Leslie Beber for 2016 The Bebers do not donate to the presidential election campaign Norman and Leslie had qualifying health care coverage at all times during the tax year (List the names of the taxpayers in the order inwhich they appear in the problem Indicate losses with minus sign and enter all other values as positive amounts ) Use the appropriateTax TablesandTax Rate Schedules

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Norman and Leslie Beber are married and file a joint return in 2016. They live at 12345 Hemenway Avenue, Marlborough, MA 01752. Norman is a

Norman and Leslie Beber are married and file a joint return in 2016. They live at 12345 Hemenway Avenue, Marlborough, MA 01752. Norman is a self-employed tax preparer and his SSN

is 412-34-5670. Leslie is a manager and her SSN is 412-34-5671. They had the following income and expenses for the year:

Leslie's W-2:Gross wages$100,776Social security tax6,248Medicare tax1,461Federal withholding tax20,035State withholding tax4,800

Norman was the sole proprietor of NAMA Tax Service. His business is located at 123 Main Street, Marlborough, MA, 01752 and his business code is 541213. He had the following revenue

and expenses:

Revenue$80,000Expenses:Advertising1,200Insurance3,200Telephone2,400Office rent18,000Utilities4,800Office supplies5,000Depreciation6,041(must be allocated to the 1231 assets listed next)

Norman had the following business assets:

Office furniture: Purchased for $4,950 on May 20, 2014. The equipment is being depreciated over seven-year MACRS 200% declining balance. Norman sold it on May 15, 2016, for $4,000.
Office equipment: Purchased a copier for $13,800 on January 10, 2016. The copier is being depreciated over five-year MACRS 200% declining balance. Norman makes no elections for 179 or bonus depreciation.
Computer and equipment: Purchased a computer system for $8,900 on January 2, 2015. The computer is being depreciated over five-year MACRS 200% declining balance. Norman makes no elections for 179 or bonus depreciation.

Norman and Leslie had the following other sources of income and deductions:

Interest from a CD in the amount of $1,410.
Long-term loss carryover from 2013 of $5,000.
Real estate taxes of $8,459.
Home mortgage interest of $14,041.
Charitable contributions in cash over the year of $1,800; all receipts and acknowledgments were received from the charitable organizations.

Norman has made four (4) quarterly installments of $625 each as estimated taxes for 2016. All estimated tax payments were paid by the due date using the 1040-ES coupons.

Prepare Form 1040 and all related schedules, forms, and worksheets for Norman and Leslie Beber for 2016. The Bebers do not donate to the presidential election campaign. Norman and Leslie had qualifying health care coverage at all times during the tax year.(List the names of the taxpayers in the order inwhich they appear in the problem. Indicate losses with minus sign and enter all other values as positive amounts.)

Use the appropriateTax TablesandTax Rate Schedules.