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Tax return problem
Tax Return Problem 2 In 2017, John and Shannon OBanion, who live at 3222 Pinon Drive, Mesa, CO 81643, file as married filing jointly. Johns social security number is 412-34-5670 (date of birth 5/12/1979), and Shannons is 412- 34-5671 (date of birth 11/3/1981). John and Shannon had qualifying health care coverage at all times during the tax year Johns W-2 contained the following information: Wages (box 1)$66,346.74 Federal W/H (box 2) S 6,583.85 Social security wages (box 3) $66,346.74 Social security W/H (box 4)$ 4,113.50 Medicare wages (box 5)$66,346.74 Medicare W/H (box 6)$ 962.03
Shannon did not work for the year due to a medical condition but did receive unemployment compensation of $2,711 for the year with no federal withholding. In the same year, they had the following medical costs: Shannons prescribed diabetes medication Shannons hospital charges Shannons regular physician visits Shannons eye doctor Shannons diabetes blood testing supplies Insurance reimbursements $2,150 8,350 835 75 185 1,910 In addition, they had the following other expenses: $2,950 1,170 500 265 635 State income taxes Real estate property taxes Car loan interest Personal property taxes Cash charitable contributions (made ratably throughout the year to their church) Mortgage interest expense Union dues for John Tax preparation fees 7,970 575 175 Prepare a Form 1040 and Schedule A for the OBanions using any appropriate worksheets. page 5-49
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