Answered step by step
Verified Expert Solution
Question
1 Approved Answer
REHENSIVE PROBLEMS 1. David and Darlene Jasper have one child, Sam, who is 6 years old (birthdate July 1, 2012). The Jaspers reside at 4639
REHENSIVE PROBLEMS 1. David and Darlene Jasper have one child, Sam, who is 6 years old (birthdate July 1, 2012). The Jaspers reside at 4639 Honeysuckle Lane, Los Angeles, CA 90248. David's Social Security number is 577-11-3311, Darlene's is 477-98-4731, and Sam's is 589- 22-1142. David's birthdate is May 29, 1985 and Darlene's birthday is January 31, 1987 David and Darlene's earnings and withholdings for 2018 are David Earnings from Apple Company (office manager) Federal income tax withheld State income tax withheld Earnings from Rose Company (perfume tester) Federal income tax withheld State income tax withheld $26,500 2,800 1,050 $25,200 2,650 1,000 Darlene: Their other income includes interest from Pine Tree Savings and Loan of $1,900. Other information and expenditures for 2018 are as follows: $11,200 925 1,300 315 1,020 675 5,785 200 1,016 225 Interest: On home acquisition mortgage Credit card Property taxes on personal residence State income taxes paid in 2018 (for 2017) Taxes: Contribution (with written acknowledgement) to church Medical insurance Medical and dental expenses Income tax return preparation fee paid in 2018 Actual general state sales tax for 2018 Payment of union dues David and Darlene received the following letter from Sam's da daycare provider: ng letter from KIDDIECARE INC 10250 Santa Monica Blvd. Los Angeles, CA 90067 EIN: 13-3345678 January 14, 2019 David and Darlene Jasper 4639 Honeysuckle Lane Los Angeles, CA 90248 Dear David and Darlene, Thank you for your patronage of our day care center with your c statement serves as a record of the cost of daycare services we provided during ca child, Sam Jasper, in 2018. This calendar year 2018: Child Dates of Service Amount Sam Jasper $3,500.00 1/1/2018-08/25/2018 Sincerely, /s/ Marcia Clarke Marcia Clarke Director, KiddieCare Inc. In 2018, David lost his job. David paid for one month of insurance out-of-pocket and then the family went without insurance for September through December 2018. They are not eligible for any exemptions from health care coverage. Required: Complete the Jaspers' federal tax return for 2018. Use E Schedule 3, Schedule 4, Schedule A, Schedule B, Form 2441, the Shared Responsibhil Payment Worksheet, and the Flat Dollar Amount Worksheet (as needed). Make realis assumptions about any missing data
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started