Question

John R. Lane (SSN 111-44-6666) lives at 1010 Ipsen Street, Yorba Linda, California 90102. John, a single taxpayer, age 66, provided 60% of his cousin’s support. The cousin lives in Arizona. He wants to take advantage of the presidential election campaign check-off. John was employed as an accountant before he retired during the year. Other relevant information includes: Salary $50,000 Pension (all taxable) $41,000 Taxable interest income $240 Deductible contribution to IRA $5,500 Withholdings $12,100 John’s itemized deductions total $11,000. Complete Form 1040 and Schedule 1 for 2018. Assume any estimated tax penalty is zero.

Answer 1

Fom 1040 Gooss piome- Salary +$50000 Pensiont $41000. SchB-Inteiest $91000 $240 $91240 Adgustopents CNolea) Adyusted groi ineme Standard doduchen C$1200071600) (25500) $85740 $3600) temised deduckon ($11000) Iaxable income Tan uability Credit withbold Refurd $72140 $11307 $12/10 $293 Notes Schedule 1. - Ni. Addihonalincome Adyustment ho income Ira deduchone. 32 ీకం 36