Jonathan Michaels is single, has no dependents, and lives at 55855 Ridge Drive in Santa...
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Accounting
Jonathan Michaels is single, has no dependents, and lives at 55855 Ridge Drive in Santa Fe, NM 87501. His social security number is 412-34-5670 (date of birth 3/15/1975). Jonathan had qualifying health care coverage at all times during the tax year.
His W-2 contained the following information:
Wages (box 1)
=
$
48,565.35
Federal W/H (box 2)
=
$
5,024.95
Social security wages (box 3)
=
$
48,565.35
Social security W/H (box 4)
=
$
3,011.05
Medicare wages (box 5)
=
$
48,565.35
Medicare W/H (box 6)
=
$
704.20
He has gambling winnings of $550 and the following expenses:
State income taxes
$
2,200
Real estate taxes
1,150
Medical expenses
5,400
Charitable cash contributions
(no single contribution was over $250)
450
Mortgage interest expense
4,605
Personal property taxes
220
Gambling losses
660
Job-hunting expenses within the same profession
(he did not get the new position)
310
Prepare a Form 1040 and Schedule A for Jonathan using any appropriate worksheets
Prepare a Form 1040 help needed on
Line 40 (itemized deductions) = ?
Line 42 (exemptions) = ?
Line 44 (tax) = ?
Schedule A help needed on
Line 3 (mult line 2 by 10%) =?
Line 10 (home mortgage interest and points reported to you on form 1098) =?
Line 28 (Other form list in instructions.) =?
Line 29 (is form 1040, line 38 over 155,650? NO) =?
I need help on a standard 1040 on the following blanks (please see web for a 1040, I couldnt attach a blank one)
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