please process the following tax return.?
Tax Lab #3 Jennifer V. Michaels Jennifer (DOB 11/21/75) (chose a social security number) maintains a household for her four-year old daughter Karen T. Michaels (SSN 625-44-8353). Jennifer received $15,000 of alimony and $16,000 of child support from her ex-husband during the current year. She also claims the dependency exemption for her daughter. She is single and is a computer programmer. A. Interest income:City of San Francisco Municipal Bonds $2,880 California National Bank $9570 B. Dividend Income – Growth Company, Inc. $2430 Hi-Tech Company, Inc. $5225 C. Stock Sales: DateDate Sales Sold Purchased (current year) PriceBasis 1,500 Shares Growth Co. 03/18/9507/02 $15,200$49,900 410 shares Nation’s Best 08/27/9802/10 $7,500$3,720 350 shares Large Co. 06/17/0309/01 $47,605$11,000 D. Jennifer did not pay for child care during the year since her mother kept Karen without compensation. Jennifer also paid (once only)$8000 estimated tax payment on June 15 for the current year E. Jennifer contributed $3,000 to an IRA for the current year. She was not covered under a pension plan at work and therefore the contribution is fully deductible. Enter this IRA contribution. F. The following W-2 was received from her employer: Company: Expert Computer, Inc. 1400 Grand Real Ave. Los Altos, CA 94156 Salary: $51,500 Federal Tax withheld: $5,150 Social Security Tax withheld: $3,193 Medicare Tax withheld: $747 G.She donated 5,000 shares of Real Big Co. stock to St. Leo’s Church on 06/30 of the current year. She had purchased the stock on 04/05/89 for $2,500. The stock is publicly traded and the market quote on the day of the donation was $22,000. The donation was accepted by minister at the church’s address which is: 1001 32nd Ave., Memphis, TN 38101. The Church’s TIN is 71-0096628. H.She incurred the following un-reimbursed expenses which were related to her job: Travel $7,145 Meals $1,000 The expenses are well substantiated. I.In the current year she incurred the following personal expenses: Home real estate taxes $5,015 Home mortgage interest $7,560 Medical expenses were $4,000
Public Comments
- Is all this information about you? If it is that's not to smart listing your ssn on a questions website where someone could steal your info. I would rethink having this question on here.
- thanks for the ssn dumb a$$
