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Business · Accounting
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Interview Notes

• Roberta Wilson is 63 years old and single .

• Her grandson, Jacob, is 9 years old and lived with her all year . Roberta paid all household expenses and Jacob qualifies as her dependent. • Roberta and Jacob are both U .S . citizens and have valid Social Security numbers .

• Roberta claimed EIC for Jacob 2 years ago, but he only lived with her for 2 months and the credit was disallowed .

• Roberta had wage income of $45,000 in 2018 .

• She is not sure if she should itemize or take the standard deduction .

• Roberta paid the following:

– $7,200 mortgage interest for a qualified home purchased in 2010.

– In 2018, she took out a home equity loan for $8,000 to pay off her credit cards . She paid interest in the amount of $650 on this loan .

– $9,010 for real estate taxes .

– $1,762 for state income taxes withheld in 2018 .

– Unreimbursed doctor bills in the amount of $2,200 .

– Unreimbursed prescription drugs for $250 .

– Health club dues of $600 .

– A statement received from her church showing donations made throughout the year totaling $4,500 .

– Receipts for donations of furniture and clothing in good, used condition to Goodwill . The total estimated fair market value is $500 .

– $50 donated to a friend in need via their Go-Fund-Me account .

– $45 paid in 2018 on her 2017 balance due state income tax return .


32 . If Roberta chooses to itemize her deductions, she is able to take a deduction of $10,772 for state income and real estate taxes .

a . True

b . False
33 . If Roberta chooses not to itemize, her standard deduction is $19,600 .

a . True

b . False

34 . Roberta is able to deduct interest paid on her home equity loan and the donation she made to a friend in need .

a . True

b . False
35 . Roberta must file Form 8862, Information To Claim Earned Income Credit After Disallowance, to claim the earned income tax credit after the disallowance .

a . True

b . False

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