With the following data, please determine the amount of the following items for the 2019 individual income tax return of a taxpayer resident of Puerto Rico during the period from January to December 2019.

Data for the calculations:

Income from wages earned during the year 2019:

Withholding vouchers 499R / 2 / W-2PR 2019 from three different employers for whom the taxpayer worked.

Salaries: $ 3,669.00

Tax Withheld: $ 195.00

Salaries: $ 19,532.00

Tax Withheld: $ 130.00

Salaries: $ 8,227.00

Tax Withheld: $ 472.00

Income from services rendered by professional services accrued included in Schedule M.

Data present in Schedule M:

Income from services rendered: $ 600.00

(-) Operating Expenses: $ 499.00

= Net income: $ 101.00

(-) Net loss in operations from previous years 0.00

= Profit attributable to services rendered: $ 101.00

Taxpayer status: Individual. With one (1) dependent of legal age (senior).

With the following applicable deductions:

Mortgage Loan: Interest paid during the year 2019 = $ 2,460.00.

Medical Expenses: $ 1,051.00

Contributions to individual retirement accounts $ 100.00.

Determine the amounts corresponding to each item that is reported on the taxpayer's return.

A. Tax Withheld

B- Total Amount of Salaries, Commissions.

C-Amount of Profit or Loss attributable to services rendered.

D-Total Income

E-Adjusted Gross Income

F-Total deductions- Schedule A

G-Total deductions for dependents-Schedule A1.

H-Determine the Net Income subject to tax.

Answer rating: 100% (QA)

A Tax Withheld Employer 1 19500 Employer 2 13000 Employer 3 47200 79700 B T... View the full answer