Question: Johnelle Henry is employed as a human resources manager for Toys Unlimited, Inc., and Latoya is a financial planner for her mothers company, Long-term Investments,

Johnelle Henry is employed as a human resources manager for Toys Unlimited, Inc., and Latoya is a financial planner for her mothers company, Long-term Investments, Inc., a full-service wealth-planning firm. They provide the following information: They both want to contribute to the presidential election campaign. They live at 9876 Old Waverly, Charleston, South Carolina 29401. Johnelles birthday is 7/17/1967 and his Social Security number is 555-12-6789. Latoyas birthday is 9/11/1969 and her Social Security number is 987-65-4321. Johnelle and Latoya do not have any foreign bank accounts or trusts. Johnelle received a Form W-2 from Toys Unlimited, Inc. that contained the following information: Line 1 Wages, tips, other compensation $45,000 Line 2 Federal income tax withheld 7,500 Line 3 Social Security wages 45,000 Line 4 Social Security tax withheld 2,790 Line 5 Medicare wages and tips 45,000 Line 6 Medicare tax withheld 653 Line 17 State income tax 2,200 Latoya received a Form W-2 from Long-term Investments, Inc., that contained the following information: Line 1 Wages, tips, other compensation $85,000 Line 2 Federal income tax withheld 12,500 Line 3 Social Security wages 85,000 Line 4 Social Security tax withheld 5,270 Line 5 Medicare wages and tips 85,000 Line 6 Medicare tax withheld 1,233 Line 17 State income tax 4,200

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