Row and Seat NAME: Joe and Sharon Racca are married and have two children. Joe works as a sales manager for a national pharmaceutical company and Sharon is a nurse. They own a vacation home in New Hampshire that is used 30% for personal purposes. During the year they receive $1,800 in reimbursements from their medical plan and report $2,200 of investment income. They contributed stock, with a fair market value of $4,000, which they acquired in 2007 at a cost of $1,700 to Stanton College. The Racca's gambling winnings for the year were $1,000 and are included in their adjusted gross income. Their adjusted gross income for the year is $144,000 and they provide you with the following data: Automobile insurance Homeowners insurance Life insurance Disability insurance Health insurance premiums Country club dues Health club dues Hospital Doctor Chiropractor Dentists -Prescription drugs Over-the-counter drugs - State taxes withheld Property taxes (ad valorem) Investment interest Mortgage interest (primary residence) Real estate taxes primary residence) Mortgage interest (vacation residence - unallocated) - Real estate taxes (vacation residence - unallocated) Charitable contributions (cash) Charitable contribution (clothes at FMV) Gambling losses $ 1,450 625 980 375 6,420 1,800 750 4,700 2,275 650 3,750 475 460 4,475 1,320 1,600 10,850 5,240 8,000 2,350 12,435 600 650 Complete their Schedule A on the back of this paper