Required information

Comprehensive Problem $8-85($LO $8-1,$ LO $8-2,$ LO $8-3,$ LO $8-4,$ LO $8-5)($Static$)$

$[$The following information applies to the questions displayed below.$]$

Sandy and John Ferguson got married eight years ago and have a seven$-$year$-$old daughter, Samantha. In $2024,$ Sandy worked as a computer technician at a local university, earning a salary of $\backslash$$$152,000,$ and John worked part time as a receptionist for a law firm, earning a salary of $\backslash (\backslash$$ $29,000\backslash ).$ John also does some Web design work on the side and reported revenues of $\backslash (\backslash$$ $4,000\backslash )$ and associated expenses of $\backslash (\backslash$$ $750\backslash ).$ The Fergusons received $\backslash (\backslash$$ $800\backslash )$ in qualified dividends and a $\backslash (\backslash$$ $200\backslash )$ refund of their state income taxes. The Fergusons always itemize their deductions, get the full benefit of deducting the entire amount of state income taxes paid, and their itemized deductions were well over the standard deduction amount last year. Use Exhibit $8-10,$ Tax Rate Schedule, Dividends and Capital Gains Tax Rates, $2023$ AMT exemption for reference.

The Fergusons reported making the following payments during the year:

$-$ State income taxes of $\backslash (\backslash$$ $4,400\backslash ).$ Federal tax withholding of $\backslash$$$21,000.$

$-$ Alimony payments to Sandy's former spouse of $\backslash$$$10,000($divorced $12/31/2014).$

$-$ Child support payments for Sandy's child with her former spouse of $\backslash$$$4,100.$

$-\backslash$$$12,200$ of real property taxes.

$-$ John was reimbursed $\backslash (\backslash$$ $600\backslash )$ for employee business expenses he incurred. He was required to provide documentation for the expenses to his employer.

$-\backslash$$$3,600$ to Kid Care day care center for Samantha's care while Sandy and John worked.

$-\backslash$$$14,000$ interest on their home mortgage $(\backslash$$$400,000$ acquisition debt$).$

$-\backslash$$$3,000$ interest on a $\backslash (\backslash$$ $40,000\backslash )$ home$-$equity loan. They used the loan to pay for a family vacation and new car.

$-\backslash$$$15,000$ cash charitable contributions to qualified charities.

$-$ Donation of used furniture to Goodwill. The furniture had a fair market value of $\backslash (\backslash$$ $400\backslash )$ and cost $\backslash (\backslash$$ $2,000\backslash ).$

Comprehensive Problem $8-85$ Part b and c $($Static$)$

Complete pages $1$ and $2,$ Schedule $1,$ Schedule $2,$ and Schedule $3$ of Form $1040$ and Form $6251$ for John and Sandy.

Sandy and John Ferguson's address is $19010$ N$.$W$.135$th Street, Miami, FL $33054.$

Social security numbers:

Sandy $($DOB $11/07/1970)$: $111-11-1111$

John $($DOB $6/24/1972)$: $222-22-2222$

Samantha $($DOB $9/30/2016)$: $333-33-3333$

Alimony recipient: $555-55-5555$

Form $1040$ Page $2$

$16$ Tax $($see instructions$).$

Check if any from Form$($s$)$

$17$ Amount from Schedule $2,$ line $3...$

$18$ Add lines $16$ and $17.$

$19$ Child tax credit or credit for other dependents from Schedule

$8812$

$20$ Amount from Schedule $3,$ line $8$

$21$ Add lines $19$ and $20$

$22$ Subtract line $21$ from line $18.$ If zero or less, enter $-0-$

$23$ Other taxes, including self$-$employment tax, from Schedule $2,$ line $21$

$24$ Add lines $22$ and $23.$ This is your total tax

$25$ Federal income tax withheld from:

a Form$($s$)$ W$-2$

b Form$($s$)1099$

c Other forms $($see instructions$)$

d Add lines $25$a through $25$c

$262023$ estimated tax payments and amount applied from $2022$ return.

$28$ Additional child tax credit from Schedule $8812$

$29$ American opportunity credit from Form $8863,$ line $8.$

$30$ Reserved for future use

$31$ Amount from Schedule $3,$ line $15$

$32$ Add lines $27,28,29,$ and $31.$ These are your total other payments and refundable credits

$33$ Add lines $25$d$,26,$ and $32.$ These are your total payments

Third Party

Designee