Following is a list of information for Robert and Amy Pax for the tax year 2022. Robert
Question:
Following is a list of information for Robert and Amy Pax for the tax year 2022. Robert and Amy are married and have three children, Alice, Bryson, and Carl. They live at 500 Main Street, Phoenix, AZ 85021.
Robert is a counselor working for a company called Healthy U. Amy works part-time as a pharmacy tech at Walgreens.
Here are their social security numbers and birthdates:
Name | SSN | Birth Date |
Robert | 123-56-3214 | 1/15/1988 |
Amy | 564-52-6363 | 2/23/1990 |
Alice | 558-99-3336 | 5/5/2013 |
Bryson | 120-33-4566 | 6/23/2015 |
Carl | 880-11-2323 | 8/9/2017 |
Forms:
Tax Year: 2022 Form W-2
Employer FEIN/SSN: 77-328560 State WH ID Number: 77328560 Employee Name Amy Pax Employer Name: Walgreens Employer Street Address: 200 N. Central City: Phoenix State: AZ Zip Code: 85015 W-2 Box Total (1) Wages, Tips, Other - $37,449.00 (2) Fed. Income Tax Withheld - $3,950.00 (3) Social Security Wages - $38,000.00 (4) Social Security Tax Withheld - $2,356.00 (5) Medicare Wages and Tips - $38,000.00 (6) Medicare Tax Withheld - $551.00 (12D) 401K - $1,500.00 (16) State Wages, Tips, etc. - $38,000.00 (17) State Income Tax - $1,088.00
Tax Year: 2022 Form W-2
Employer FEIN/SSN: 86-025431 State WH ID Number: 86-025431 Employee Name Robert Pax
Employee Social:123-56-3214 Employer Name: Health U Employer Street Address: 500 Down Street City: Phoenix State: AZ Zip Code: 85021 W-2 Box Total (1) Wages, Tips, Other - $55,000.00 (2) Fed. Income Tax Withheld - $2,300.00 (3) Social Security Wages - $55,000.00 (4) Social Security Tax Withheld - $3,410.00 (5) Medicare Wages and Tips - $55,000.00 (6) Medicare Tax Withheld - $797.50 (16) State Wages, Tips, etc. - $55,000.00 (17) State Income Tax - $900.00
Form 1098
Lender's TIN: 67-123456
Borrower's TIN:123-56-3214
Lender's address: PO Box 8068
Virginia Beach, VA 23450
Box 1: 8,500
Box 5: 2,200
Key data to enter for the return:
- Eyeglasses and exam for Alice $200
- Orthodontic work for Bryson to correct a congenital defect $6,000
- State income taxes paid with last year's tax return $100
- Property taxes on home $2,600
- Property taxes on automobile $650
- Interest on credit cards $300
- Cash contribution to church $1,500
In addition to the above, on September 17, Robert and Amy donate some Beta Trader, Inc. stock to Lakeville Community College. Beta Trader, Inc. is publicly traded. The FMV of the stock on the date of the contribution is $1,000. Robert and Amy purchased the stock on November 7, 2004, for $300.
Compute Robert and Amy's income tax liability for 2022 using Form 1040, Schedules A and B, and Form 8283, if necessary.