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Terry and Maria Redlin have been married for eight years. Terry is an oil rig maintenance supervisor for Holyann Corporation and Maria works as a
Terry and Maria Redlin have been married for eight years. Terry is an oil rig maintenance supervisor for Holyann Corporation and Maria works as a cashier for Mynards. Terrys birthdate is February and Marias is December Terry and Maria have a yearold son named Jaime Redlin, born on Social Security number Terry and Marias earnings are reported each of their W Form see separate tab
Terry took advantage of his employerprovided dependent care assistance program on a small number of days when Jaime was sick and unable to go to school. The value of dependent care assistance was $
Once each week, Terry is required to work at the site of an oil drilling rig for a hour period to provide oncall maintenance on the rig. On those days, Holyann requires Terry to stay in an apartment building that sits on the oil rig site. Because different maintenance workers stay each night, the building has a cook and dining room that prepares meals for the crew. All crew members must take their meals in the dining room when staying the night. The value of the lodging provided to Terry is $ and the value of the meals provided to Terry is $
Maria frequently takes advantage of the percent employee discount on merchandise from Mynards. The discount is available to all employees of Mynards and the company still makes a small profit on the items after the discount. Maria estimates her employee discounts in total $
Terry and Maria have investment income from a money market account and US Treasury bonds, and municipal bonds as reported on the following Form INT and brokerage statements see attached tab
Terry has an exwife named Judy Redlin. Pursuant to their January divorce decree, Terry pays her $ per month in alimony. All payments were made on time in Judy's Social Security number is
During Terry was in the hospital for a successful operation. His health insurance company reimbursed Terry $ for all of his hospital and doctor bills.
In June Maria's father died. Under a life insurance policy owned and paid for by her father, Maria was paid death benefits of $ She used $ to cover a portion of the funeral costs for her father.
Maria bought a South Dakota lottery ticket on impulse during Her ticket was lucky and she won $ The winning amount was paid to Maria in November with no income tax withheld.
Maria is pursuing a Masters of Business Administration from Lakes Region University. Mynards operates an employee assistance plan that she takes full advantage of She is also the beneficiary of the $ Mynards Adult Learner Scholarship. All of the scholarship is used to pay for tuition and books.
Terry and Maria are eligible for a $ child tax credit in
Required:
Complete the Redlin's federal tax return for on Form Schedule B Qualified Dividends and Capital Gains Tax worksheet, and Schedule Form for the child tax credit does not need to be completed. The Redlin's had health care coverage the entire year. They do not want to make a contribution to the presidential election campaign. Make any other realistic assumptions about any missing data. If an amount box does not require an entry or the amount is zero, enter Enter amounts as positive numbers. If required, round amounts to the nearest dollar.
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