Question: I need help with Schedule A for this assignment: Kofi Allon, who is 3 2 years old and single, is employed as a technical consultant

I need help with Schedule A for this assignment:
Kofi Allon, who is 32 years old and single, is employed as a technical consultant for a large electronics distributor. He lives at 678 Birch Street, LaMesa, CA 91941. Kofi's Social Security number is 412-34-5670.
Kofi's W-2 contained the following information:
Wages (box 1): $75,350.62
Federal W/H (box 2): $9,605.43
Social security wages (box 3): $75,350.62
Social security W/H (box 4): $4,671.74
Medicare wages (box 5): $75,350.62
Medicare W/H (box 6): $1,092.58
Kofi's other income includes interest on a money market account at the San Diego Credit Union of $275 and $265 in interest on a Certificate of Deposit at the Bank of California. He also made alimony payments of $650 per month to his ex-wife for ten months for a divorce agreement that was finalized on February 21,2021.(Marta Tombe, Social Security number 412-34-5673).
In addition, he had the following other expenses for 2021:
Home mortgage interest: $7670
Auto loan interest: $1325
Credit card interest: $730
Property taxes on personal residence: $2342
State income taxes: $2050
Unreimbursed hospital bills: $6300
Doctor bills: $2760
Other qualifying medical expenses: $725
Income tax preparation fee: $425
Job-hunting expenses: $925
Cash donations to his church: $885
In may of 2021, Kofi's house was broken into and his vintage 1961 Fender Stratocaster guitar was stolen. The guitar had a current fair market value of $16,800, and Kofi had paid $7,500 for the instrument in May of 2008. The guitar was uninsured.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!