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READ THE QUESTION! use correct numbers and 2021 tax info and please show work. this is 2021 tax year and these nunbers have not been
READ THE QUESTION! use correct numbers and 2021 tax info and please show work. this is 2021 tax year and these nunbers have not been posted before
The following information applies to the questions displayed below) John and Sandy Ferguson got married eight years ago and have a seven-year-old daughter, Samantha In 2021, John worked as a computer technician at a local university earning a salary of $152.100 and Sandy worked part time as a receptionist for a law firm earning a salary of $29,100. John also does some Web design work on the side and reported revenues of $4,100 and associated expenses of $800. The Fergusons received $820 in qualified dividends and a $205 refund of their state income taxes. The Fergusons always itemize their deductions, and their itemized deductions were well over the standard deduction amount last year. Assume the Fergusons did not receive an advance payment for the 2021 individunt recovery credit because they are not eligible for the credit. Use Exhibit 8.10, Tax Bete Schedule Dividends and Caicos Tax Rates 2021 AMT exemption for reference The Fergusons reported making the following payments during the year State income taxes of $4,425. Federal tax withholding of $21000 Alimony payments to John's former wife of $10,050 (divorced 12/3V2014) Chid support payments for John's child with his former wife of $410. $12,210 of real property taxes Sandy was reimbursed 5605 for employee business expenses she incurred. She was required to provide documentation for her expenses to her employer 53.600 to Kid Care day care center for Samantha's care while John and Sandy worked . 514100 interest on their home mortgage ($400,000 acquisition debt) $3.015 interest on 540.200 home equity loan. They used the loan to pay for a family vacation and new cat. a $15.050 cash charitable contributions to qualified charities Donation of used furniture to Goodwil. The tunture had a fair market value of $410 and cost $2,050. Comprehensive Problem 8-85 Parta (Algo) What is the Fergusons' 2021 federal income taxes payable or refund, including any self-employment tax and AMT, if applicable? Round your intermediate computations to the nearest whole dollar amount.) Step by Step Solution
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