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please calculate Adjusted gross income and Taxable income. also please label whuch deductions are for AGI and From AGI and which ones are tax credits.
please calculate Adjusted gross income and Taxable income.
also please label whuch deductions are for AGI and From AGI and which ones are tax credits.
Married filing jountly
2 dependants
Ret Salary $112,000.00
Reiver Salary $187,750.00
Interest income $230.00
Municiple Bond interest $450.00
Treasure bond Interest $675.00
Dividends $1,885.00
Short-Term Capital Gain (SBUX STOCK) $0.00
Short-Term Capital Gain (AMZN STOCK) -$4,350.00
Short-Term Capital Gain (UA Stock) $26.45
Long-term Capital Gain (AAPL STOCK) $3,000.00
Daycare cost for child #1 $10,000.00
Dentist fees (unreimbursed by insurance) $10,500.00
Prescription cost(reimbursed by insurance)
$1,380.00
Mortgage Interest $13,478.00
Property Taxes Paid $4,144.00
Vehicle registration fee $1,250.00
Fee faid to CPA $2,000.00
Gym Membership $600.00
401K contributions $23,980.00
Employer match $17,985.00
Healthcare savings account contribution $2,600.00
Red Cross Donation $1,000.00
Food bank Donation $2,500.00
Church donation $3,750.00
Goodwill donation $450.00
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