All named individuals are U. S. citizens and California residents, and have valid social security...
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All named individuals are U. S. citizens and California residents, and have valid social security numbers. All places named are in California unless stated otherwise. Tom Jefferson is married to Melanie, and both are 33 and live in Yreka, in 2022. Tom works for a construction contractor, and Melanie works for a grocery store. Tom is divorced from Sally who lives in Weed, and has custody of Toms child, Madison, age 8, the two were divorced in 2020. Tom needs to pay alimony and child support to Sally, of $300 a month each. All of the required payments were paid to Sally during 2022. Melanie has no children, but does also have a divorce from 2015, and pays alimony to her ex spouse of $ 250 a month, and made all the required payments during 2022 for 2022. Melanies ex spouse is living in San Diego. On Melanies W-2, for 2022 you find the following information, Wages of $ 35,000 Federal Income Tax Withheld of $ 2,700 Social Security tax withheld of $ 2,170 Medicare tax withheld of $ 507.50 State Income Tax withheld of $ 900 On Toms 1099-INT, the amount of interest that was earned on his bank savings account for the year 2022 is $ 600. During 2022 Melanie donated $ 2,200 in cash to InterVarsity, the money was sent to the charity on December 21st, 2022 (all the required documentation is in Toms files). Tom owns the home in which they live. Tom paid the property taxes due on their home, on December 10th, 2022, in the amount of $ 3,700. On Toms form 1098 which he received from the bank that he borrowed the money from in order to buy their home (secured by the house), the amount of interest he paid to the bank on the home loan for 2022 in 2022 was $19,500. On Toms 2022 W-2, you find the following information, Wages of $ 30,000 Federal Income Tax Withheld of $ 2,300
Social Security tax withheld of $ 1,860 Medicare tax withheld of $ 435 State Income Tax withheld of $ 700 During a slow construction month, Tom received unemployment compensation of $ 1,500 while he was temporarily laid off March 2022. Tom has a brother Randy, who owned a copyright worth $ 55,000, and gave it to Tom, in 2022, and from the copyright Tom received a royalty of $ 2,000 in 2022. Melanies father, Viktor, gave Melanie his old car worth $ 7,500 on December 29th, 2022. The car she had been using for commuting was becoming less reliable, so she sold it for scrap to a local auto parts store for $450, but she had bought the car originally, as used for $5,500. Tom won a car worth $ 4,500 in a church raffle in 2022. Tom and Melanies A. G. I. , itemized deductions, standard deduction, taxable income, and refund or amount due for federal income taxes for 2022 are? Please show appropriate computations/work.
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