use the following information to prepare the joint income tax return of frank and sandra anderson
6-16 Essentials of Federal Income Taxation of Frank and Sandra And April 1, 2019. The ervom excefute theation BLEM (CHAPTERS 1-6) CUMULATIVE PROBLEM (CHAPTERS re the joint income tax return of Fran (ases 48 and 51 ose the following information to prepare the joint ce 10247-9231) with their three and 51 Use Form 1040, Schedule A, and shree children Schedule A and Form 2441. All parties sign and date the return on A harrual preparation or computer software application. 11. SSN 998-21 Problem is suitable for manual preparation or compo Frank A. (SSN 811-26-3717) a respectively) reside at 2121 Century whom they fully support: Mandy (age 9, SSN 5247), and Carol (age 14. SSN 998-21-1827). UN 811-26-3717 S S SN 820-47-9231 Anderson ( Side ar 2121 Century Avenue, Middleton, CA 920 with their ch (age 9 SSN 998-21-5246). Charles idential electic is employed as and neither elects ce representas follows: The Andersons file a joint return, and ne campaign fund. Frank is employed as a customers puter operator Details of rheir salaries and withholdings a joint rerurn, and neither clects to have $3 go to the Presiden nk is employed as a customer service representative. Sandra is em withholdines, are as follows: Social Medicare computer operator. Detais Security Tax Withheld Federal Income Tax Withheld $2,100 Gr Wirges Sate Income Tax Withheld $1,792 $819 Withheld $3.503 2,501 585 980 Frank Sandra $56,500 40,343 1,087 loyee benefit arm life insurance equal to 75% of Frank's employer provides him with fu employer provides him with full family health care coverage as a tax-free employee b. r of Frank's compensation package also includes group-term his annual salary: The cost to the company for the premi cost to the company for the premium was $240. sit from State int savings August, Sandra carned $400 of interest when she cashed in a certificate of deposit from Bank. The Middleton Farmers Bank credited $300 of interest to the Andersons joint saw account during the year. The Andersons overpaid their 2017 state income taxes by $142. received their refund in June. The Andersons'itemized deductions exceeded the standard deducti and deduction by $2,300 last year. Since they both work outside the home, they are unable to be there when their children home from school. This year the Andersons paid a neighbor, Gloria Dryden (SSN 992-31-4270 $4,100 to care for Mandy and Charles in her home after school hours and during the summe Vacation period while the Andersons were at work. Gloria's address is 2132 Century Avenue Middleton, CA 92657. During the year, Sandra received unemployment compensation of $6,000. Frank is covered be a qualified pension plan at work: Sandra is not. The Andersons are interested in contributing to their respective traditional IRAs the maximum that they can deduct on their 2018 tax return. Both contributions take place before April 15, 2019. Other Deutions $ life (Sandra is the beneficiari 18 175 168 1.200 459 180 175 Cancelled checks, recipes and pad d ling opende Odo T. Miller, MD. (not covered by Insurance Qualified stop smoking program for Sands Alex B. Kramer, D.V.M. ( tar i he Andersons dog Life insurance premiums on Frank Sandra is the beneficiary Kathryn R. Smith, dentist (not covered by insurance) Weight loss program for Frank Cosmetic purposes) Martin R Jones, optometris (not covered by insurance Eyeglasses for Mandy (not covered by insurance) Driver's license renewal for Sandra Fishing license for Frank Credit card interest Home mortgage interest on the main home Real estate taxes on the main home Trash pickup fees Home repairs and improvements Homeowner's insurance General sales taxes paid during the year State excise taxes Cash gift to First Unity Church (with receipt) Value of Frank's time volunteered to the Girl Scouts Political contributions 275 5.690 2851 120 620 500 572 98 2,200 300 50 260 Bingo and lottery tickets Rental for safe deposit box to store investment items Legal fees paid for preparation of the Andersons' personal wills 875 In addition, on April 24, 2018, the Andersons paid $600 to Homer P. Gill for preparation of their 2017 tax return. When Frank's father died on Christmas Day, Frank inherited his father's savings account. The account balance was $20,000. In March, Sandra's best friend, Nancy, moved to Sweden. Nancy's 17-year-old daughter, Inga, stayed with the Andersons for the rest of the year. Inga had a part-time job after school and earned $4,120. The Andersons provided over half of Inga's support. 6-16 Essentials of Federal Income Taxation of Frank and Sandra And April 1, 2019. The ervom excefute theation BLEM (CHAPTERS 1-6) CUMULATIVE PROBLEM (CHAPTERS re the joint income tax return of Fran (ases 48 and 51 ose the following information to prepare the joint ce 10247-9231) with their three and 51 Use Form 1040, Schedule A, and shree children Schedule A and Form 2441. All parties sign and date the return on A harrual preparation or computer software application. 11. SSN 998-21 Problem is suitable for manual preparation or compo Frank A. (SSN 811-26-3717) a respectively) reside at 2121 Century whom they fully support: Mandy (age 9, SSN 5247), and Carol (age 14. SSN 998-21-1827). UN 811-26-3717 S S SN 820-47-9231 Anderson ( Side ar 2121 Century Avenue, Middleton, CA 920 with their ch (age 9 SSN 998-21-5246). Charles idential electic is employed as and neither elects ce representas follows: The Andersons file a joint return, and ne campaign fund. Frank is employed as a customers puter operator Details of rheir salaries and withholdings a joint rerurn, and neither clects to have $3 go to the Presiden nk is employed as a customer service representative. Sandra is em withholdines, are as follows: Social Medicare computer operator. Detais Security Tax Withheld Federal Income Tax Withheld $2,100 Gr Wirges Sate Income Tax Withheld $1,792 $819 Withheld $3.503 2,501 585 980 Frank Sandra $56,500 40,343 1,087 loyee benefit arm life insurance equal to 75% of Frank's employer provides him with fu employer provides him with full family health care coverage as a tax-free employee b. r of Frank's compensation package also includes group-term his annual salary: The cost to the company for the premi cost to the company for the premium was $240. sit from State int savings August, Sandra carned $400 of interest when she cashed in a certificate of deposit from Bank. The Middleton Farmers Bank credited $300 of interest to the Andersons joint saw account during the year. The Andersons overpaid their 2017 state income taxes by $142. received their refund in June. The Andersons'itemized deductions exceeded the standard deducti and deduction by $2,300 last year. Since they both work outside the home, they are unable to be there when their children home from school. This year the Andersons paid a neighbor, Gloria Dryden (SSN 992-31-4270 $4,100 to care for Mandy and Charles in her home after school hours and during the summe Vacation period while the Andersons were at work. Gloria's address is 2132 Century Avenue Middleton, CA 92657. During the year, Sandra received unemployment compensation of $6,000. Frank is covered be a qualified pension plan at work: Sandra is not. The Andersons are interested in contributing to their respective traditional IRAs the maximum that they can deduct on their 2018 tax return. Both contributions take place before April 15, 2019. Other Deutions $ life (Sandra is the beneficiari 18 175 168 1.200 459 180 175 Cancelled checks, recipes and pad d ling opende Odo T. Miller, MD. (not covered by Insurance Qualified stop smoking program for Sands Alex B. Kramer, D.V.M. ( tar i he Andersons dog Life insurance premiums on Frank Sandra is the beneficiary Kathryn R. Smith, dentist (not covered by insurance) Weight loss program for Frank Cosmetic purposes) Martin R Jones, optometris (not covered by insurance Eyeglasses for Mandy (not covered by insurance) Driver's license renewal for Sandra Fishing license for Frank Credit card interest Home mortgage interest on the main home Real estate taxes on the main home Trash pickup fees Home repairs and improvements Homeowner's insurance General sales taxes paid during the year State excise taxes Cash gift to First Unity Church (with receipt) Value of Frank's time volunteered to the Girl Scouts Political contributions 275 5.690 2851 120 620 500 572 98 2,200 300 50 260 Bingo and lottery tickets Rental for safe deposit box to store investment items Legal fees paid for preparation of the Andersons' personal wills 875 In addition, on April 24, 2018, the Andersons paid $600 to Homer P. Gill for preparation of their 2017 tax return. When Frank's father died on Christmas Day, Frank inherited his father's savings account. The account balance was $20,000. In March, Sandra's best friend, Nancy, moved to Sweden. Nancy's 17-year-old daughter, Inga, stayed with the Andersons for the rest of the year. Inga had a part-time job after school and earned $4,120. The Andersons provided over half of Inga's support
