Shawnee is single. Her AGI is $72,067. She paid the following expenses: • Federal income tax withheld on her W-2: $8,648 State income tax withheld on her W-2: $5,041 • Local income tax withheld on her W-2: $718 • Real estate tax: $4,239 Personal property tax: $108 Home mortgage interest on her Form 1098: $11,962 • Cash charitable contributions: $4,710 How much is her total itemized deductions amount? $35,320 $26,778 $26,672 $35,426

The Kigali's are married and file a joint return. Their AGI (earned income) was $14,610 and federal income tax withholding was $850.. They had no itemized deductions and two dependent children, ages 18 and 19. Required: If the Kigali's are entitled to a $4,716 earned income credit, compute their income tax refund. Assume the taxable year is 2023. Use Standard Deduction Table. Tax Refund

Vijay

Please help craate the tax form expecially. Roberta Santos, age 41, is single and lives at 120 Sanborne Avenue, Springfield, IL 62701. Her Social Security number is 123-45-6780. Roberta has been divorced from her former husband, Wayne, for two years. She has a son, Jason, who is 16, and a daughter, June, who is 18. Jason’s Social Security number is 111-11-1112, and June’s is 123-45-6788. Roberta has never owned or used a digital asset. She does not want to contribute $3 to the Presidential Election Campaign Fund. Roberta, an advertising executive, earned a salary from ABC Advertising of $136,000 in 2022. Her employer withheld $16,000 in Federal income tax and $4,400 in state income tax. Roberta has legal custody of Jason and June. The divorce decree provides that Roberta is to receive the dependency deductions for the children. Jason lives with his father during summer vacation. Wayne indicates that his expenses for Jason are $5,500. Roberta can document that she spent $8,500 for…

Ross is single with an adjusted gross income of $61,100, and he uses the standard deduction for single filers. After first finding his taxable income, calculate his tax liability (in $). Standard deduction for single filers is $12,000.

Prepare a 1040 form for John and Jane Doe. They have one child age 4 who qualifies for the child tax credit. John has w-2 Income 44,500.00 and Jane has W-2 income of 46,300.00. They have interst income of 875.00. They have charitable contributions of 3,000.00. Mortgage interest of 4200.00. Jane had federal income tax of 6,350.00 withheld from her check and John had 6175.00 withheld for federal income tax.

Chester is single and paid the following items / taxes in 2020: • Paid $ 6,100 to his township for real estate taxes on his condo.• Paid $ 4,800 in association fees to the condo association on his condo.• Chester had $ 1,000 withheld from his pay for NJ State Income taxes.• Chester had $ 3,600 withheld from his pay for social security taxes.• Chester was assessed $ 1,400 by the state of New Jersey to settle an audit of his 2018 State Income Tax return. $ 1,075 was for additional 2018 state income tax and $ 325 was for interest and penalties. Chester paid the $ 1,400 in October of 2020.• Chester paid $ 1,650 in NJ Sales taxes. How much taxes may Chester deduct as an itemized deduction for taxes in 2020?

Karen is single. Last year she earned $37,300 in wages. Additional tax information for the year is as follows: interest earned: $135; capital gains from sale of stock: $1,650; penalty on early withdrawal of savings: $400; contributions to Keogh retirement fund: $1,800; real estate taxes paid: $3,000; mortgage interest paid: $3,500. The following table gives the standard deduction for various filing statuses. Standard Deductions Single or married filing separately $12,000 Married filing jointly or surviving spouse $24,000 Head of household $18,000 65 or older and/or blindand/or someone else canclaim you (or your spouseif filing jointly) as a dependent: Varies(See www.irs.gov for information.) Find the taxable income for the year.

Pat and Jordan Beber are married and file a joint return in 2021. They live at 12345 Hemenway Avenue, Marlborough, MA 01752. Pat is a self-employed tax preparer whose SSN is 412-34-5670. Jordan is a software programmer whose SSN is 412-34-5671. Jordan had the following income and expenses for the year: Jordan's W-2: Gross wages Social security tax Medicare tax Federal withholding tax State withholding tax $ 100,776 6,248 1,461 18,735 4,800 Pat was the sole proprietor of NAMA Tax Service. The business is located at 123 Main Street, Marlborough, MA 01752, and the business code is 541213. Pat had the following revenue and expenses (Cash basis): Revenue Expenses: Advertising Insurance $ 80,000 1,200 3,200 2,400 18,000 Telephone Office rent Utilities Office supplies Depreciation 4,800 5,000 6,041 (must be allocated to She S 1231 assets listed next) Pat had the following business assets: Office furniture: Purchased for $4,950 on May 20, 2019. The equipment is being depreciated over…

Peter has total income of $54000. He has employment expenses of $18000, made a $5000 RRSP contribution and incurred $4000 in tuition expenses for his daughter, who did not work and is a freshman at a local community college. He has a basic personal basic amount of $12298 and his marginal tax rate is 26%. Compute Ralph's taxable income for the current year.