Question
*Please complete the 1040 Tax Return- year 2021, married filing jointly from the following information. Taxpayers: Tim Arc, DOB 12/1/78, SS# 438-11-3395 Ann Arc, DOB
*Please complete the 1040 Tax Return- year 2021, married filing jointly from the following information.
Taxpayers:
Tim Arc, DOB 12/1/78, SS# 438-11-3395
Ann Arc, DOB 8/11/76, SS# 450-87-5461
Address:
4100 Main Drive
Santee, CA 92071
Income:
Tim W-2 Manager
Wages: $50,000
Fed Tax W/H $5,000
State Tax W/H $2,500
Ann W-2 Admin Assistant
Wages: $30,000
Fed Tax W/H $3,000
State Tax W/H 1,000
Wells Fargo Bank Interest: $300
SDG&E Bond Interest: $100
Received EIP $2,800.
Deductions:
Home Mortgage Interest $8,000
Home Equity Debt Interest used to purchase car $1,000
Credit Card Interest $4,700
Auto Insurance $500
Property Tax on Personal Residence $2,600
Medical Expenses $3,300
Blue Cross Premiums $1,000
CPA Fees for Tax Prep $450
Cash Contributions:
Girl Scouts $550
San Diego Univ. $1,000
Red Cross $200
Church $500
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