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Required information Comprehensive Problem 8-85 (LO 8-1, LO 8-2, LO 8-3, LO 8-4, LO 8-5) The following information applies to the questions displayed below John

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Required information Comprehensive Problem 8-85 (LO 8-1, LO 8-2, LO 8-3, LO 8-4, LO 8-5) 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 2019 John worked as a computer technician at a local university n g asalary of $152000 and Sandy worked as a receptionist for a low memang salary of $29000 John also does some Web desion work on the side and reported revenues of $4000 and associated expenses of $750 John's business is not a specified business for the purpose of QB deduction The Fergusons cerved $800 ingusted dividends and a $200 refund of the state income taxes The Fergusons always itemize their deductions and their tomced deductions were well over the standard deduction amount last year. The Fergusons had qualifying insurance for purposes of the Alfordable Care Act (ACA) Use Exhibit 8.9 Tax Rate Schedule. Dividends and Carte Gains Tax Rates for reference The Ferguson reported making the following payments during the year Stencome of $400 F ax withholding of $21000 - Alimony payments to Johnsome wie of $10 000 divorced in 2014 Child Support payments for Johnschild with this former wife of $4100 . $12.200 of real property taxes Sandy was reimbursed $600 for employee business expenses she incurred She was required to provide documentation for her to employer $3600 to Kid Care day care for Samantha's are while John and Sandy worked S4000 vterest on the home mortgage (3000 000 acquation doble $3.000 tona S 40000 homo y They then to y for a formacion and new car $15.000 cash chable contbutions to ed charts Donation of used furniture to Goodwill The furniture had a fair market value of $400 and cost $2.000 Comprehensive Problem 8-85 Part band e to search _LILIUOTI Required information 512.000 d eduction ang 140 Lates LE search 1c Required information Comprehensive Problem 8-85 (LO 8-1, LO 8-2, LO 8-3, LO 8-4, LO 8-5) 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 2019 John worked as a computer technician at a local university n g asalary of $152000 and Sandy worked as a receptionist for a low memang salary of $29000 John also does some Web desion work on the side and reported revenues of $4000 and associated expenses of $750 John's business is not a specified business for the purpose of QB deduction The Fergusons cerved $800 ingusted dividends and a $200 refund of the state income taxes The Fergusons always itemize their deductions and their tomced deductions were well over the standard deduction amount last year. The Fergusons had qualifying insurance for purposes of the Alfordable Care Act (ACA) Use Exhibit 8.9 Tax Rate Schedule. Dividends and Carte Gains Tax Rates for reference The Ferguson reported making the following payments during the year Stencome of $400 F ax withholding of $21000 - Alimony payments to Johnsome wie of $10 000 divorced in 2014 Child Support payments for Johnschild with this former wife of $4100 . $12.200 of real property taxes Sandy was reimbursed $600 for employee business expenses she incurred She was required to provide documentation for her to employer $3600 to Kid Care day care for Samantha's are while John and Sandy worked S4000 vterest on the home mortgage (3000 000 acquation doble $3.000 tona S 40000 homo y They then to y for a formacion and new car $15.000 cash chable contbutions to ed charts Donation of used furniture to Goodwill The furniture had a fair market value of $400 and cost $2.000 Comprehensive Problem 8-85 Part band e to search _LILIUOTI Required information 512.000 d eduction ang 140 Lates LE search 1c

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