Question
There social security numbers are 123-45-6789, 213-45-6789 respective to Charles and Amy. They live at 2345 S Camden Parkway, In Houston, Texas 77067. Charles works
There social security numbers are 123-45-6789, 213-45-6789 respective to Charles and Amy. They live at 2345 S Camden Parkway, In Houston, Texas 77067. Charles works as Engineer and Mary owns a consulting business.
Charles's salary is as follows:
Wages 100,000.Federal Income tax withheld 20,000, Fica $6200 and Medicare 1145.00.
Mary owns a consulting business and her income and expenses are as follows:
Revenues from consulting 120,000
Expenses
Rent 24,000
Payroll 20,000
Payroll Taxes 1800
Supplies 2500
Contract Services 30,000
Insurance 1200
Amy contributed 6000 towards IRA. They Received interest income from bank 500. They own a house. They paid $8500 in real estate taxes and 9200 interest on their house. They contributed 1200 to a church. And their medical expenses are 3200.
Calculate their taxes for 2019. Filling form 1040, Schedule A, C and SE.
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