Question: Tax Return CA Problem 1 - 1 Need complete 2 0 2 4 form 5 4 0 please Required: Complete the tax return on 2
Tax Return CA Problem Need complete form please Required: Complete the tax return on Form and Schedule CA Annie and Arnold Morris live at North Sherman St Placerville, CA They have one dependent child, Barbara, age and Arnolds parents Maggie and Mel Morris also live with them. Maggies income was $ and Mels income was $ and Annie and Arnold provided more than half the cost of their support. The Morris family federal adjusted gross income AGI was $ Included in the AGI amount are Annies wages of $ and Arnolds wages of $ a California income tax refund of $ interest received from a US Savings bond of $ longterm capital gains of $ and California lottery winnings of $ The federal AGI does not include interest income on City of Sacramento bonds of $ They also had an allowable traditional IRA deduction of $ Previously, in the Morris family used itemized deductions and got full advantage from State Income Tax paid. The Morris family decided to compare itemized deductions to the standard deduction for their federal income tax return so that they could select which option would be best. Their Federal itemized deductions totaled $ Included was $ for home mortgage interest the mortgage loan balance on their residence averaged $ $ for California income tax Ws combined withholding $ for California State Disability Insurance SDI $ real estateproperty tax, $ personal property tax on value of automobiles, and $ in verifiable cash charitable cash contributions. In addition, the Morris family paid interest of $ on their home equity loan. The loan balance averaged $ They received the loan in and used the loan proceeds that year to purchase their dream sports car. All members of the household enjoyed a full year of qualifying California Health Insurance Coverage during The family does not owe any California use tax. The Social Security numbers are: Annie Birthdate ; Arnold Birthdate ; Barbara Birthdate ; Maggie Birthdate ; and Mel Birthdate
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