Tax Return Question
Raymond Ma
ScheduleATaxReturn.docxACCT508, Section______ Student Name: _______________
Schedule A Tax Return
Total Points: 30 points
Due: Monday, Nov 15, 23:59 PM
Purpose: Apply your Ch8 tax knowledge to a real Schedule A (Itemized Deductions) tax return!!
Instructions: Please complete manually the appropriate portion of White’s federal tax return of Schedule A for 2020. The complete tax forms and instructions can be downloaded from the IRS web site https://www.irs.gov/forms-instructions or by googling the form.
This is an individual assignment, although you are encouraged to discuss the problem with your classmate fellows. Each student should complete and fill in the blank in this file and then return the file (either in WORD or PDF format) to the iLearn (under the section of “11/9 - Schedule A”) by the deadline. No late assignment will be accepted.
Tax Information
Walter White is married to Skylar White. Walter was born on October 23, 1962; Skylar, on January 20, 1964. Walter works as a chemistry teacher at J.P. Wynne High School and owns his own business, A-1 Car Wash. Its motto is Have an A-1 Day! The Whites report the following information:
Address 1010 Meth Lane Albuquerque, NM 87101
Social security number 234-87-5643
Employer Self-employed and teacher at J.P. Wynne H.S.
Adjusted gross income $173,631
Walter and Skylar incurred the following medical costs (before insurance reimbursement):
Dentist $ 110
Doctor $10,990
Chemotherapy $10,000
Prescription drugs $ 1,015
Over-the-counter drugs $ 140
Optometrist $ 125
Emergency room charges $ 440
Chiropractor $ 265
Cosmetic surgeon (nose job) $ 4,500
The White’s received $10,000 in reimbursements from medical insurance for their medical costs.
Name(s) shown on Form 1040 or 1040-SR: _____________
Your social security number: ______________
Line 1: ___________________
Line 2: ____________________
Line 3: ____________________
Line 4: ____________________
