Question: Comprehensive Problem 5 - 1 Anthony Stork ( birthdate August 2 , 1 9 8 0 ) is a single taxpayer. Anthony's earnings and withholdings
Comprehensive Problem Anthony Stork birthdate August is a single taxpayer. Anthony's earnings and withholdings as the manager of a local casino for are reported on his Form Wsee separate tab Anthony pays his exspouse, Salty Pans, $ per month in accordance with their February divorce decree. When their yearold child in the exspouse's custody reaches the age of the payments are reduced to $ per month. His exspouse's Social Security number is In Anthony purchased a new car and so he kept track of his sales tax receipts during the year. His actual sales tax paid was $ for the car and $ for all other purchases. For purposes of completing this tax return you may assume that Anthony's actual sales tax exceeds the IRS estimated sales tax in Anthony participates in a highdeductible health plan and is eligible to contribute to a health savings account. His HSA earned $ in During the year, Anthony paid the following amounts all of which can be substantiated: Credit card interest$Auto loan interestAuto insuranceProperty taxes on personal residenceContributions to HSAIncome tax preparation feeCharitable contributions all cash:Boy Scouts of AmericaSt Matthews ChurchNevada Democratic Party In Anthony inherited over $ from his father, Howard, who died in Although Anthony invested a large portion, he also made a $ cash donation to the Stork School of Engineering at Reno State University see separate letter Anthony received a Form and a combined Form INT see separate tabs And, lastly, Anthony does not choose to contribute to the Presidential Election Campaign. Required: Complete Anthony's federal tax return for Use Form Schedule Schedule A Schedule B and Form to complete this tax return. Make realistic assumptions about any missing data. Anthony had health coverage for the entire year, and he does not want to contribute to the presidential election campaign. Enter all amounts as positive numbers. If an amount box does not require an entry or the answer is zero, enter If required, round any dollar amount to the nearest dollar. Note: There is a difference between Schedule A in CNow and the SMProConnect version. The CNow textbook provides a sales tax amount which assumes that it exceeds the IRS estimated amount. The ProConnect solution manual version uses the IRS estimated amount.
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
