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In 2016, John and Shannon O'Banion, who live at 3222 Pinon Drive, Mesa, CO 81643, file...

In 2016, John and Shannon O'Banion, who live at 3222 Pinon Drive, Mesa, CO 81643, file as married filing jointly. John's social security number is 412-34-5670 (date of birth 5/12/1978), and Shannon’s is 412-34-5671 (date of birth 11/3/1980). John and Shannon had qualifying health care coverage at all times during the tax year.

John’s W-2 contained the following information:

Wages (box 1) = $ 66,346.74
Federal W/H (box 2) = $ 6,583.85
Social security wages (box 3) = $ 66,346.74
Social security W/H (box 4) = $ 4,113.50
Medicare wages (box 5) = $ 66,346.74
Medicare W/H (box 6) = $ 962.03

Shannon did not work for the year due to her medical condition but did receive unemployment compensation of $2,711 for the year with no federal withholding. In the same year, they had the following medical costs:

 
Shannon’s prescribed diabetes medication $ 2,150  
Shannon’s hospital charges   8,350  
Shannon’s regular physician visits   835  
Shannon’s eye doctor   75  
Shannon’s diabetes blood testing supplies   185  
Insurance reimbursements   1,910  
 

In addition, they had the following other expenses:

 
State income taxes $ 2,950  
Real estate taxes   1,170  
Car loan interest   500  
Personal property taxes   265  
Cash charitable contributions   635  
(made ratably throughout the year to their church)      
Mortgage interest expense   7,970  
Union dues for John   575  
Tax preparation fees   175  
 

Prepare a Form 1040 and Schedule A for the O'Banions using any appropriate worksheets. (List the names of the taxpayers in the order in which they appear in the problem. Input all the values as positive numbers.)

Use the appropriate Tax Tables.

business   accounting   
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Dopartmont af tho Treasury-Intamal Ravonue Sarvic U.S. Individual Income Tax Return OMB No. 1545-0074 RS UsaOnly-Do not writo or staplo Ih this spac or tha yoar Jan. 1 2015 anding O Banion a joint raturn, spous O Banion 412-34-5671 3222 Pinon Drive Mesa cO 81643 Chack haro f you or your spousing ny,want $3 to go to this tund. Chacking country namo Filing Status 1 Single 4 Ш Had of household (with qaring parsory. soinstructons.) tf 2Marmed filing jointly (even If only one had Income) tho qualryng parson ls achild but not your dapandant, onitor thib chillds name hora. Check only one 3 Mared fling separately. Enter spouses SSN above and tull name here. 5 Qualifying widowfer) with dependent child Yourselt. If someone can clalm you as a dependent, do not check box 6a on Gc who for child tax credi lived with you Frst rame Lat rame social security numberrelationship to you If more than four dependents, see Instructons and check here d Total number of exemptions clamed 7 Wages, salaries, tips, etc. Attach Form(s) W-2 8a Taxable Interest. Attach Schedule B It required Income 66,347 b Tax-exempt Interest. Do not Include on line Ba 9a Ordnary dividends. Attach Schedule BIt required Attach Form(s) W-2 here. Also attach Forms W-2G and 1099-R tax was wiuhheld. b Quallfiled dividends 10 Taxable refunds, credlts, or offsets of state and local Income taxes 11 Allmony recelved 12 Business Income or loss). Attach Schedule C or C-EZ 13 Capltal galn or (loss. Attach Schedule D it required. If not requred, check here13 14 Other gains or losses!. Attach Form 4797 15a If you dld not get a w-2, see Instructions. IRA distributions b Taxable amoun b Taxable amount 16a Perslons and arnutles 16a 17 Rantal real estate, royaities, partnerships, S corporations, trusts, etc. Attach Schedule E 17 18 Farn Income or (oss). Attach Schedule F 19 Unemployment compensation 20a Soclal securty benets 20a 21 Oner Income. List type and amount Union Unemp 22 Combine the amounts in the far right column for Ines 7 through 21. This Is your total Income22 16b b Taxable amoun 69,058 Adjusted 24 Certain business expenses of reservists, pertorming artists, and ee-basis government ofmiclals. Attach Form 2108 or 2108-EZ 24 25 25 Health savings account deduction. Attach Form 8889 28 Moving expenses. Attach Form 3903

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