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
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.
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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?
Gafe, acerate, 000-00-0000Na 1545-006 FASTI U efile at www.irs aw 00-0000000 $9,765.00 $57,890.00 Frank's Pianos 231 Royal Guardsman Road Plano, TX 75074 6 Medicare wages T05 57,890.00 Medicare tax weo tO Dependent care beneft Last reme See retuctions o box 12 Donald Mims 3 14 Other 12t 175 Rickenbacker Road Plano, TX 75074 12 .1...00-0000000..$57,890.00 $1,340.00
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