Problem 2 ESC In 2018, John and Shannon O'Banion, who live at 3222 Pinon Drive, Mesa, CO 81643. nle as med hiling jointly. John's social security number is 412-34-5670 (date of birth 5/12/17 ). and Shannon's is 412-34-5671 (date of birth 11/3/1982). John and Shannon had qualifying health care coverage at all times during the tax year. John's W-2 contained the following information: Wages (box 1) = 566,346,74 Federal W/H (box 2) - $ 6,583.85 Social security wages (box 3) = 566,346.74 Social security W/H (box 4) = $ 4.113.50 Medicare wages (box 5) 566,346.74 Medicare W/H (box 6) = $ 96203 Shannon did not work for the year due to a medical condition but did receive unemployment compensation of $2,711 for the year with no federal withholding. In the same year, they had the following medical costs: $2,150 8.350 835 75 Shannon's prescribed diabetes medication Shannon's hospital charges Shannon's regular physician visits Shannon's eye doctor Shannon's diabetes blood testing supplies Insurance reimbursements 185 1,910 Chapter 5 itemized Deductions In addition, they had the following other expenses: $4,950 4,170 500 765 2,135 State income taxes Real estate property taxes Car loan interest Personal property taxes Cash charitable contributions (made ratably throughout the year to their church) Mortgage interest expense Union dues for John Tax preparation fees 9,970 575 175 Prepare a Form 1040 with a Schedule 1 and Schedule A for the O'Banions using appropriate worksheets. Problem 2 ESC In 2018, John and Shannon O'Banion, who live at 3222 Pinon Drive, Mesa, CO 81643. nle as med hiling jointly. John's social security number is 412-34-5670 (date of birth 5/12/17 ). and Shannon's is 412-34-5671 (date of birth 11/3/1982). John and Shannon had qualifying health care coverage at all times during the tax year. John's W-2 contained the following information: Wages (box 1) = 566,346,74 Federal W/H (box 2) - $ 6,583.85 Social security wages (box 3) = 566,346.74 Social security W/H (box 4) = $ 4.113.50 Medicare wages (box 5) 566,346.74 Medicare W/H (box 6) = $ 96203 Shannon did not work for the year due to a medical condition but did receive unemployment compensation of $2,711 for the year with no federal withholding. In the same year, they had the following medical costs: $2,150 8.350 835 75 Shannon's prescribed diabetes medication Shannon's hospital charges Shannon's regular physician visits Shannon's eye doctor Shannon's diabetes blood testing supplies Insurance reimbursements 185 1,910 Chapter 5 itemized Deductions In addition, they had the following other expenses: $4,950 4,170 500 765 2,135 State income taxes Real estate property taxes Car loan interest Personal property taxes Cash charitable contributions (made ratably throughout the year to their church) Mortgage interest expense Union dues for John Tax preparation fees 9,970 575 175 Prepare a Form 1040 with a Schedule 1 and Schedule A for the O'Banions using appropriate worksheets
