Answer:
John | Sandy | Total | ||
Salary | 55000 | 22000 | ||
Revenue from Web design work | 5000 | |||
Associated expenses from web design work | -1000 | |||
Total income | 59000 | 22000 | 81000 | |
Dividends | 1200 | |||
State income Tax refund | 300 | |||
82500 | ||||
Deductions for A G I | ||||
Alimony payments | 12000 | |||
Adjusted Gross Income | 70500 | |||
Itemized deduction | ||||
Real property taxes | 3300 | |||
State income tax | 4800 | |||
Home m or tag age | 13000 | |||
Family vacation | 3500 | |||
Charitable Contribution | 7300 | |||
Donation of furniture | 500 | |||
u n reimbursed expenses | 750 | |||
Total itemized deductions | 33150 | |||
49350 | ||||
personal & dependency exemption | 7150 | |||
Taxable Income | 42200 | |||
Federal Income Tax | 6320.5 | |||
Self Employment [email protected]% | 612 | |||
Total Taxes | 6932.5 | |||
Tax Credit | 0 | |||
Tax Withholding | 5200 | |||
Tax Owned | 1732.5 |
Required information [The following information applies to the questions displayed belowj John and Sandy Ferguson got...
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