Prepare a memo listing each item of income, deduction, or credit reported by

your client, indicate the amount for each item reported by your client, the average for

each item you computed using the SOI tables, the difference for each item, and explain

if the difference increases, decreases, or has no impact on the risk that the IRS will audit

the taxpayer because of the difference. Do not take materiality into account (assume

IRS considers all differences to be material).

SOI Tax Stats - Individual Statistical Tables by Filing Status \begin{tabular}{l|r|r} & Married Filling Jointly & \multicolumn{2}{|c}{ Client Information } \\ \hline Taxable Income Items & 399,690.505 & 175,000 \\ \hline Deduction & 219,834.845 & 35,450 \\ \hline Taxable Income & 179,855.661 & 139,550 \\ \hline Tax & 31,514.359 & 22,418 \\ \hline Credit & 1,280.392 & 3,800 \\ \hline Tax Liability & 30,233.967 & 18,618 \\ \hline \end{tabular} dividual Statistical Tables by Filing Status \begin{tabular}{|l|r|r|} \hline & Married Filling Jointly & Client Information \\ \hline Taxable Income Items & 399,690.505 & 175,000 \\ \hline Deduction & 219,834.845 & 35,450 \\ \hline Taxable Income & 179,855.661 & 139,550 \\ \hline Tax & 31,514.359 & 22,418 \\ \hline Credit & 1,280.392 & 3,800 \\ \hline Tax Liability & 30,233.967 & 18,618 \\ \hline \end{tabular} SOI Tax Stats - Individual Statistical Tables by Filing Status \begin{tabular}{l|r|r} & Married Filling Jointly & \multicolumn{2}{|c}{ Client Information } \\ \hline Taxable Income Items & 399,690.505 & 175,000 \\ \hline Deduction & 219,834.845 & 35,450 \\ \hline Taxable Income & 179,855.661 & 139,550 \\ \hline Tax & 31,514.359 & 22,418 \\ \hline Credit & 1,280.392 & 3,800 \\ \hline Tax Liability & 30,233.967 & 18,618 \\ \hline \end{tabular} dividual Statistical Tables by Filing Status \begin{tabular}{|l|r|r|} \hline & Married Filling Jointly & Client Information \\ \hline Taxable Income Items & 399,690.505 & 175,000 \\ \hline Deduction & 219,834.845 & 35,450 \\ \hline Taxable Income & 179,855.661 & 139,550 \\ \hline Tax & 31,514.359 & 22,418 \\ \hline Credit & 1,280.392 & 3,800 \\ \hline Tax Liability & 30,233.967 & 18,618 \\ \hline \end{tabular}