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Michael Jordan (birthdate March 1, 1975) is a single taxpayer. Michaels earnings and withholdings as a departmental manager for 2019 are reported on his Form W-2:Michaels other income includes interest on a savings account at Chase National Bank of $13,680.Michael pays his ex-wife, Juanita Vanoy, $3,800 per month in accordance with their April 19, 2013 divorce decree. When their 6-year-old child (in the ex-wifes custody) reaches the age of 18, the payments are reduced to $2,700 per month. His ex-wifes Social Security number is 594-22-1234.In 2019, John purchased a new car and so he kept track of his sales tax receipts during the year. His actual sales tax paid is $3,701, which exceeds the estimated amount per the IRS tables.Michael participates in a high-deductible health plan and is eligible to contribute to a health savings account. His HSA earned $85 in 2019.During the year, Michael paid the following amounts (all of which can be substantiated):Interest on American Express credit Card $1,761Automobile loan interest 4,200 Insurance for Family car 910IRA Contributions 6,250Personal residence property taxes 2,795HSA Contributions 2,825Fee to get Income Tax return prepared 850Contribution to the Red Cross (Charitable, Cash) 1,320Contribution to the Familys Church (Cash) 3,310

The Democratic Political Party (Contribution, cash) 275The Metropolitan Opera Dinner Fund Raiser Value of dinner is $30 130Required: Complete Michaels federal tax return for 2019. Use Form 1040, Schedule 1, Schedule A, Schedule B, and Form 8889 to complete this tax return. Make realistic assumptions about any missing data. After completion of Michaels federal tax return, please answer the following questions:1. What is the adjusted gross income (line 11) _______________________2. What are the total standard or itemized deductions (line 12) ______________3. What is the taxable income (line 15) ____________________________4. What is total Tax (line 16) ___________________________5. Amount overpaid (line 34) _____________________________ or6. Amount you owe (line 37) ___________________________

TAX RATE SCHEDULE To be used on Michael Jordan Midterm

Single

If taxable income is over	but not over	the tax is:
$0	$9,700	10% of the amount over $0
$9,700	$39,475	$970 plus 12% of the amount over $9,700
$39,475	$84,200	$4,543 plus 22% of the amount over $39,475
$84,200	$160,725	$14,382 plus 24% of the amount over $84,200
$160,725	$204,100	$32,748 plus 32% of the amount over $160,725
$204,100	$510,300	$46,628 plus 35% of the amount over $204,100
$510,300	no limit	$153,798 plus 37% of the amount over $510,300

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