john R. lane (SSN 111-44-6666) lives at 1010 Ispen street, Yorba Linda, californ

Question

john R. lane (SSN 111-44-6666) lives at 1010 Ispen street, Yorba Linda, california 90102. John, a single taxpayer, age 66 provided 100% of his cousin's support. the cousin lives in Arizona. he wants to take advantage of the presedential election campaign checkof. John is an accountant Other relevant information includes salary $20000 taxable pension 31000 interest income 300, IRA deduction 5000, itemized deduction from schedule A 8000 withholding 6000

Assume schedule A if necessary, has already been completed complete form 1040.

Explanation / Answer

It is not possible to fill each particular in Form 1040.

The relevant colums as they appear in Form 1040 are presented below:

Line No. In Form 1040 Particulars Amount in $ 7 Wages, Salaries, Tips etc. $20000 8a Taxable Interest $300 16a Pensions and Annuities $31000 32 IRA deduction $5000 Adjusting Gross Income (7+16a-32) $46000 40 Itemized Deductions $6200 43 Taxable Income (AGI-40) $39800 44 Tax $5743.5 Tax already paid $6000 Refund $256.5

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