Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Ronald ( 7 1 5 - XX - 0 3 8 8 ) and Nancy ( 7 1 6 - XX - 0 3 8
Ronald XX and Nancy XX Studebaker are married filing jointly. They live at Beechwood, Grand Rapids, Michigan which is within the Forest Hills School District. Their phone number is Their birthdates are Feb Ron and May Nancy Ron is retired and has a pension that he draws on and receives social security benefits and has Medicare Part B health insurance premiums deducted from his benefits. Only $ of his social security benefits were taxable on his federal return. Early in Nancy was working fulltime at KMart as a salesclerk and had federal, state and local withholding. Nancys employer covers health care premiums for Nancy and her son. Ron paid AFLAC Supplemental Health Insurance premiums of $ Their federal AGI was $
They have some interest earned from Fifth Third Bank and have a little dividend income. They also have a US Savings Bond that is not taxable at the state level.
Nancy has a yearold son, Darren Ford XX; BIRTHDATE: Sep from a previous marriage who lives with them and attends Davenport University. Nancy received $ last year in child support. Darren does not have the means to support himself and relies on Ron and Nancy. Rons hearing has been deteriorating and he is now considered deaf. Ron and Nancy have never had the federal Earned Income Credit EIC disallowed. This year they received in federal EIC in the amount of $
The Studebakers did not itemize deductions on last years federal return. They would like to donate $ to the Michigan United Way fund on their return.
The Studebakers were renting an apartment for $month for the months of January and February in from the Breton Road Apartments, Breton Rd Kentwood, Michigan Their address was: Breton Rd Apt Kentwood, Michigan They purchased a home and moved in March to the Beechwood address. The property taxes for the year were $ the mortgage interest for the year was $ and the taxable value of their home is $ Their DTE gas bill amounted to $ for the year.
They have already filed federally but need your help with the state return. They will be returning on December to sign their return. They would like to electronically deposit any refund received at their local Fifth Third Bank Routing No Their savings account #:
Please complete their tax return prior to their next meeting on DECEMBER
Reference:
Check Figure: MI Schedule Additions & Subtractions; Line Total Subtractions: $
Check Figure: MICR Total Household Resource; Line Subtotal: $
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