For each family, complete a form 1040, Schedule A, and Schedule B to find total itemized deductions,

Question:

For each family, complete a form 1040, Schedule A, and Schedule B to find total itemized deductions, interest and ordinary dividends, adjusted gross income, taxable income, tax due, and amount of refund or amount owed. Round all answers to the nearest dollar.
For each family, complete a form 1040, Schedule A, and

Donald and Barbara Mims are married with one child, Ashley. Donald is a piano tuner and Barbara is a car detailer. Donald's W-2 is shown and Barbara's W-2 provided her wages as $49,800 and the amount withheld for federal income tax as $8,123.
They received $556 in bank interest and $412 in stock dividends.
Their itemized deductions are: Medical expenses: doctors $1,770, dentists $2,300
Taxes: $7,600 Interest Paid: $5,290 Contributions: cash $270, used clothing $200 Casualty and Theft Loss: $12,000 Job Expenses: union dues $400, tax preparation fees $175?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Question Posted: