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Jacob and Taylor Weaver ages 45 and 42 respectively, are married and are filing jointly...

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Accounting

Jacob and Taylor Weaver ages 45 and 42 respectively, are married and are filing jointly in 2021.
They have three children, Ashley, age 9; Patrick, age 6; and John, age 17.
ocial Security numbers are: Jacob, 222-33-4444; Taylor, 555-66-7777; Ashley, 888-99-1234; Patrick, 789-56-4321; John, 123-45-6789.
Taylor works part-time as a paralegal.
She earned $31,000 in 2021.
Income Taxes: $4,200 withheld.
Interest received from Local Bank: $6,575.
Estimated tax payments: $25,000.
$350 was paid with their 2020 state tax return.
Jacob and Taylor bought their first house in 2021.
Home mortgage interest: $12,246.
Property tax: $12,230.
Federal income withholding: $2,350.
Charities: $4,500.
$435 to rent a moving truck.
$8,000 to put new siding on the house.
$11,600 for childcare expenses ($5,800 for each child).
It was paid to Lil Tigers Daycare, 1115 S. Garrison St., Muncie, IN 47305(EIN 98-7654321).
Taylor is a part-time student at Ball State University in Muncie.
She received a 1098-T indicating tuition and fees for 2021 in the amount of $6,011.
Health insurance for the family, through Taylor's job, cost $7,500 for all 12 months of 2021.
They paid deductibles and co-payments of $2,550.

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