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Required information Skip to question [ The following information applies to the questions displayed below. ] Sandy and John Ferguson got married eight years ago
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The following information applies to the questions displayed below.
Sandy and John Ferguson got married eight years ago and have a sevenyearold daughter, Samantha. In Sandy worked as a computer technician at a local university, earning a salary of $ and John worked part time as a receptionist for a law firm, earning a salary of $ Sandy also does some Web design work on the side and reported revenues of $ and associated expenses of $ The Fergusons received $ in qualified dividends and a $ refund of their state income taxes. The Fergusons always itemize their deductions, get the full benefit of deducting the entire amount of state income taxes paid, and their itemized deductions were well over the standard deduction amount last year. Use Exhibit Tax Rate Schedule, Dividends and Capital Gains Tax Rates, AMT exemption for reference.
The Fergusons reported making the following payments during the year:
State income taxes of $ Federal tax withholding of $
Alimony payments to Sandy's former spouse of $divorced
Child support payments for Sandy's child with her former spouse of $
$ of real property taxes.
John was reimbursed $ for employee business expenses he incurred. He was required to provide documentation for the expenses to his employer.
$ to Kid Care day care center for Samanthas care while Sandy and John worked.
$ interest on their home mortgage $ acquisition debt
$ interest on a $ homeequity loan. They used the loan to pay for a family vacation and new car.
$ cash charitable contributions to qualified charities.
Donation of used furniture to Goodwill. The furniture had a fair market value of $ and cost $
b Complete pages and of Form for John and Sandy.
Note: Visit the IRS website and download Form Enter the required values in the appropriate fields. Save your completed Tax Form to your computer and then upload it here by clicking "Browse." Next, click "Save." Use tax rules regardless of the year on the form.
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