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PLEASE HELP I NEED IT SOLVE ASAP PLEASE! WILL RATE! Joe and Jessie are married and have one dependent child, Lizzie. Lizzie is currently in
PLEASE HELP I NEED IT SOLVE ASAP PLEASE! WILL RATE!
Joe and Jessie are married and have one dependent child, Lizzie. Lizzie is currently in college at State University. Joe works as a design engineer for a manufacturing firm, while Jessie runs a craft business from their home. Jessie's craft business consists of making craft items for sale at craft shows that are held periodically at various locations. Jessie spends considerable time and effort on her craft business, and it has been consistently profitable over the years. Joe and Jessie own a home and pay interest on their home loan balance of $ and a personal loan to pay for Lizzie's college expenses balance of $
Neither Joe nor Jessie is blind or over age and they plan to file as married joint. Assume that the employer portion of the selfemployment tax on Jessie's income is $ Joe and Jessie have summarized the income and expenses they expect to report this year as follows:
Income:
Joe's salary $
Jessie's craft sales
Interest from certificate of deposit
Interest from Treasury bond funds
Interest from municipal bond funds
Expenditures:
Federal income tax withheld from Joe's wages $
State income tax withheld from Joe's wages
Social Security tax withheld from Joe's wages
Real estate taxes on residence
Automobile licenses based on weight
State sales tax paid
Home mortgage interest
Interest on Masterdebt credit card
Medical expenses unreimbursed
Joe's employee expenses unreimbursed
Cost of Jessie's craft supplies
Postage for mailing crafts
Travel and lodging for craft shows
Selfemployment tax on Jessie's craft income
College tuition paid for Lizzie
Interest on loans to pay Lizzie's tuition
Lizzie's room and board at college
Cash contributions to the Red Cross
b Complete page of Form through taxable income, line Schedule and Schedule A
Round your intermediate computations to the nearest whole dollar amount. Input all the values as positive numbers. Enter any nonfinancial information, eg Names, Addresses, social security numbers EXACTLY as they appear in any given information or Problem Statement. Use tax rules regardless of year on form. Joe and Jessie does not wish to contribute to the Presidential Election Campaign fund or did not have any virtual currency transactions or interests.
Joe and Jessie's address is NWth Street, Miami, FL
Social security numbers:
Joe: Jessie: Lizzie:
THIS FORM IS A SIMULATION OF AN OFFICIAL US TAX FORM. ITIS NOT THE OFFICIAL FORM ITSELF. DO NOT USE THIS FORM FOR TAX FILINGS OR FOR ANY
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