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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