Jonathan Michaels is single, has no dependents, and lives at 55855 Ridge Drive in Santa...
50.1K
Verified Solution
Question
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)
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
- Unlimited Question Access with detailed Answers
- Zin AI - 3 Million Words
- 10 Dall-E 3 Images
- 20 Plot Generations
- Conversation with Dialogue Memory
- No Ads, Ever!
- Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.