Question: Tax Return Problem #3 - Schedule A James and Nancy Richards enjoyed an adjusted gross income (AGI) of $77,700 for 2020. James' social security number
Tax Return Problem #3 - Schedule A James and Nancy Richards enjoyed an adjusted gross income (AGI) of $77,700 for 2020. James' social security number is 123-54-9876. Nancy's social security number is 710-23-8235. They had the following expenses in 2020: MEDICAL EXPENSES: $3,000 Health insurance $ 2,250 Prescription drugs $ 160 Over-the-counter medicine $ 210 Co-pay for doctor's exam $1,750 Dentist $ 800 Chiropractor $ 340 Insurance reimbursement check 100 miles in travel for doctor and dentist appointments TAXES $ 110 State tax refund received in 2020 $1,815 State income tax withholding in 2020 $ 9,960 Property taxes $ 175 Vehicle property tax $4,875 Sales taxes paid in 2020 INTEREST $9,303 Home mortgage interest expense paid in 2020 $916 Interest on car loan $ 1,540 Interest expense paid in 2020 on Credit Cards CONTRIBUTIONS $5,300 contributed to the First Bible Church $ 150 contributed to the Red Cross $ 2,000 in housewares and clothing donated to charity $ 20 given to someone asking for money for gas for their car Complete the Schedule A for James and Nancy. Tax Return Problem #3 - Schedule A James and Nancy Richards enjoyed an adjusted gross income (AGI) of $77,700 for 2020. James' social security number is 123-54-9876. Nancy's social security number is 710-23-8235. They had the following expenses in 2020: MEDICAL EXPENSES: $3,000 Health insurance $ 2,250 Prescription drugs $ 160 Over-the-counter medicine $ 210 Co-pay for doctor's exam $1,750 Dentist $ 800 Chiropractor $ 340 Insurance reimbursement check 100 miles in travel for doctor and dentist appointments TAXES $ 110 State tax refund received in 2020 $1,815 State income tax withholding in 2020 $ 9,960 Property taxes $ 175 Vehicle property tax $4,875 Sales taxes paid in 2020 INTEREST $9,303 Home mortgage interest expense paid in 2020 $916 Interest on car loan $ 1,540 Interest expense paid in 2020 on Credit Cards CONTRIBUTIONS $5,300 contributed to the First Bible Church $ 150 contributed to the Red Cross $ 2,000 in housewares and clothing donated to charity $ 20 given to someone asking for money for gas for their car Complete the Schedule A for James and Nancy
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