Please do not do if you can not do it on the form's (1040, schedule...
70.2K
Verified Solution
Question
Accounting
Please do not do if you can not do it on the form's (1040, schedule A/B and 6251) and screenshot it!!!!!!
Required: Complete Steves federal tax return for 2017. Use Form 1040, Schedule A, Schedule B, and Form 6251, which can be found on the IRS website. Make realistic assumptions about any missing data
Please do not do if you can not do it on the forms please!
Steve Jackson (birthdate December 13, 1965) is a single taxpayer living at 3215 Pacific Dr., Del Mar, CA 92014. His Social Security number is 465-88-9415. In 2017, Steves earning and income tax withholding as the manager of a local hotel are:
Earnings from the Ocean View Hotel $121,500
Federal income tax withheld 18,500
State Income tax withheld 9,300
Steves other income includes interest from General Electric bonds of $2,550 and interest on a savings account at Wells Fargo Bank of $3,215. Also, Steve received tax-exempt interest of $29,440 on private activity bonds that is subject to alternative minimum tax. Steve had full medical coverage for the entire tax year.
During the year, Steve paid the following amounts (all of which can be substantiated):
Home mortgage interest $31,575
Credit card interest 1,760
Auto insurance 900
State income taxes paid in 2016 (for 2014 audit) 12,600
Property taxes on personal residence 6,200
Kaiser HMO premiums 4,800
Other medical expenses 790
CPA fees paid to handle 2014 state audit 7,000
Charitable contributions
Girl Scouts 800
San Diego State University (contribution) 10,000
Italian Red Cross 250
Required: Complete Steves federal tax return for 2017. Use Form 1040, Schedule A, Schedule B, and Form 6251, which can be found on the IRS website. Make realistic assumptions about any missing data
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.