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David and Darlene Jasper have one child, Sam, who is 6 years old (birthdate July 1, 2010). The Jaspers reside at 4639 Honeysuckle Lane, Los Angeles, CA 90248. David's Social Security number is 577-11-
David and Darlene Jasper have one child, Sam, who is 6 years old (birthdate July 1, 2010). The Jaspers reside at 4639 Honeysuckle Lane, Los Angeles, CA 90248. David's Social Security number is 577-11-3311, Darlene's is 477-98-4731, and Sam's is 589-22-1142. David's birthdate is May 29, 1984 and Darlene's birthday is January 31, 1986. David and Darlene's earnings and withholdings for 2016 are:
David: Earnings from Apple Company (office manager) $26,125
Federal income tax withheld 2,800
State income tax withheld 1,050
Darlene: Earnings from Rose Company (perfume tester) $25,100
Federal income tax withheld 2,650
State income tax withheld 900
Their other income includes interest from Pine Tree Savings and Loan of $1,825. Other information and expenditures for 2016 are as follows:
Interest: On home acquisition mortgage $11,250
Credit card 925
Taxes: Property taxes on personal residence 1,300
State income taxes paid in 2016 (for 2015) 315
Contribution (with written acknowledgement) to church 990
Medical insurance 475
Medical and dental expenses 5,800
Income tax return preparation fee paid in 2016 200
Actual general state sales tax for 2016 1,016
Payment of union dues 225
David and Darlene received the following letter from Sam's daycare provider:
10250 Santa Monica Blvd.
Los Angeles, CA 90067
January 14, 2017
David and Darlene Jasper
4639 Honeysuckle Lane
Los Angeles, CA 90248
Dear David and Darlene,
Thank you for your patronage of our day care center with your child, Sam Jasper, in 2016. This statement serves as a record of the cost of daycare services we provided during calendar year 2016:
Child Amount Dates of Service
Sam Jasper $3,500.00 1/1/2016 - 08/25/2016
/s/ Marcia Clarke
Director, KiddieCare Inc.
In 2016, David lost his job. David paid for one month of insurance out-of-pocket and then the family went without insurance for September through December 2016. They are not eligible for any exemptions from health care coverage.
Complete the Jaspers' federal tax return for 2016. Use Form 1040, Schedule A, Schedule B, Form 2441, the Shared Responsibility Payment Worksheet, and the Flat Dollar Amount Worksheet.
Make realistic assumptions about any missing data. If an amount box does not require an entry or the answer is zero, enter "0". Enter all amounts as positive numbers. If required, round any answer to the nearest dollar (unless instructed otherwise on the tax form). Assume alternative minimum tax is not a factor.