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Required: Use the following information to complete Johnelle and Latoya Henry's 2015 federal income tax return. If information is missing, use reasonable assumptions to fill

Required: Use the following information to complete Johnelle and Latoya Henry's 2015 federal income tax return. If information is missing, use reasonable assumptions to fill in the gaps. You may need the following forms to complete the project: Form 1040 and Schedule A. The forms, schedules, and instructions can be found at the IRS Web site (www.irs.gov). The instructions can be helpful in completing the forms. Facts: Johnelle Henry is employed as a human resources manager for Toys Unlimited, Inc., and Latoya is a financial planner for her mother's company, Long-term Investments, Inc., a full-service wealth-planning firm. They provide the following information: They both want to contribute to the presidential election campaign. They live at 9876 Old Waverly, Charleston, South Carolina. Page C-3 Johnelle's birthday is 7/17/1965 and his Social Security number is 555-12-6789. Latoya's birthday is 9/11/1967 and her Social Security number is 987-65-4321. Johnelle or Latoya do not have any foreign bank accounts or trusts. Johnelle received a Form W-2 from Toys Unlimited, Inc. that contained the following information: Line 1 Wages, tips, other compensation: $45,000 Line 2 Federal income tax withheld: 7,500 Line 3 Social Security wages: 45,000 Line 4 Social Security tax withheld: 2,790 Line 5 Medicare wages and tips: 45,000 Line 6 Medicare tax withheld: 653 Line 17 State income tax: 2,200 Latoya received a Form W-2 from Long-term Investments, Inc. that contained the following information: Line 1 Wages, tips, other compensation: $85,000 Line 2 Federal income tax withheld: 12,500 Line 3 Social Security wages: 85,000 Line 4 Social Security tax withheld: 5,270 Line 5 Medicare wages and tips: 85,000 Line 6 Medicare tax withheld: 1,233 Line 17 State income tax: 4,200 Johnelle and Latoya incurred the following medical expenses for the year: Transportation to Chicago for Johnelle's cancer treatment: 2,000 miles Unreimbursed hospital charges for Johnelle: $6,500 Unreimbursed prescription drug charges for Johnelle and Latoya: 1,750 Unreimbursed physician charges for Johnelle and Latoya: 2,200 Unreimbursed prescription glasses for Latoya: 150 Laser hair treatment for Latoya (so that she will no longer need to shave her legs) 2,000 Johnelle and Latoya paid $12,000 of interest payments on their primary residence (acquisition debt of $225,000). They also paid $1,750 of interest expense on Latoya's car loan and $500 of interest on their Visa card. Johnelle and Latoya paid $4,000 of real estate taxes on their home and $1,000 of real estate tax on a vacant lot they purchased with the hope of building their dream home in the future. They also paid $3,000 in sales tax on Latoya's car and other purchases and $1,000 of ad valorem tax on their cars. Johnelle and Latoya made the following contributions this year: American Red Cross $ 200 United Way 150 St. Joseph's Catholic Church 8,000 Food for the family of Hannah Barbara (a neighbor who suffered a tragic car accident this past year) 225 Stock transfer to the University of South Carolina (originally purchased for $1,000 in 2005) 750 Page C-4 Johnelle incurred $4,000 of unreimbursed meals and entertainment related to his job. Latoya incurred $1,200 of expenses for investment publications, and last year they paid their CPA $500 to prepare their tax return. The roof on Johnelle and Latoya's house was severely damaged in a hail storm. They had to replace the roof ($7,500), which unfortunately was not covered by insurance because of their high deductible ($10,000). Johnelle won $5,000 in the state lottery. He has been playing the lottery for years [$10 in lottery tickets every week ($520 in total) that he saves to keep track of the numbers he plays]. Johnelle and Latoya have qualifying insurance for purposes of the Affordable Care Act (ACA)

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