For each family, complete a form 1040, Schedule A, and Schedule B to find total itemized deductions, interest and ordinary dividends, adjusted gross income, taxable income, tax due, and amount of refund or amount owed. Round all answers to the nearest dollar.
Donald and Barbara Mims are married with one child, Ashley. Donald is a piano tuner and Barabara is a car detailer. Donald's W-2 is shown and Barbara's W-2 provided her wages as $49,800 and the amount withheld for federal income tax as $8, 123. They received $556 in bank interest and $412 in stock dividends.
Their itemized deductions are:
Medical expenses : doctors $1,770, dentists $2,300
State income taxes withheld: $2,034 Property taxes: $3,111
Mortgage Interest Paid: $5,290
Contributions: cash $540,
used clothing $600
Casualty and theft loss: $12,000
Job expenses: union dues $400,
tax preparation fees $175