Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Tax return problem Tax Return Problem 1 Elise Dubois is single, has no dependents, and lives at 55855 Ridge Drive in Lafayette, LA 70593. His

Tax return problem
image text in transcribed
image text in transcribed
Tax Return Problem 1 Elise Dubois is single, has no dependents, and lives at 55855 Ridge Drive in Lafayette, LA 70593. His social security number is 412-34-5670 (date of birth 3/15/1976). Elise had qualifying health care coverage at all times during the tax year. Her W-2 contained the following information: Wages (box 1)$48,965.25 Federal W/H (box 2) $ 5,043.40 Social security wages (box 3) $48,965.25 Social security W/H (box 4)$ 3,035.85 Medicare wages (box 5)$48,965.25 Medicare W/H (box 6) 710.00 She has gambling winnings of $550 and the following expenses: State income taxes Real estate property taxes Medical expenses Charitable cash contributions (no single contribution was more than $250) Mortgage interest expense Personal property taxes Gambling losses Job-hunting expenses within the same profession (she did not get the new position) $2,200 1,150 5,400 450 4,605 220 660 310 Prepare a Form 1040 and Schedule A for Elise using any appropriate worksheets page 5-48

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions