Question

Problem 2 Prepare a tax return for Jordan Miller. Jordan lives at 230 Main Street, Platteville, WI 53818, and his Social Security number is 233-43-4523. His earnings and income tax withholding for the year are as foll Wages Interest earned on savings account $63,000 Muni-Interest 1,600 350 Dividend income (no part of the dividend is a qualified dividend) 220 Federal income tax withheld 9,000 State income tax withheld 3,000 During the year, Jordan paid the following amounts (all of which can be substantiated): Home mortgage interest $8,000 Auto loan interest 2,000 Property tax on personal residence Unreimbursed hospital bills 3,500 Doctors' bills-unreimbursed 1,900 Other medical expenses Contribution to church 2,000 Job hunting expenses 1,845 800 Union dues 5,500 980 Hint: Complete Schedule B first, and then, using Form 1040, determine the adjusted gross income. Once adjusted gross income is calculated, complete Schedule A, and then complete the rest Form 1040 Jordan's filing status is "single." Use the tax table from the end of Publication 17 to determine the tax liability

Answer 1

page:01 Onswer Tax liability can be reduced by the amount tax with held particulars Amount Amount income sowices : Wages 63000 Interest earned 1600 mini interest 350 dividend income 220 . 65170 faxpenses poid: Home maitage interest 8000 Auto loan interest 2000 Hospital bill 3500 Doctor bill 1900 other medical expense. 980 gob hunting expense 1845 18225 Net income 46945 65170 - 18225 $46945 net income =