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Mathematics, 21.07.2019 09:00 Jolenesopalski
The fergusons reported making the following payments during the year: state income taxes of $4,400. federal tax withholding of $4,000. alimony payments to john’s former wife of $10,000. child support payments for john’s child with his former wife of $4,100. $3,200 of real property taxes. sandy was reimbursed $600 for employee business expenses she incurred. she was required to provide documentation for her expenses to her employer. in addition to the $750 of web design expenses, john attended a conference to improve his skills associated with his web design work. his trip was for three days and he incurred the following expenses: airfare $370, total taxi fares for trip $180, meals $80, and conference fee of $200. $3,600 to kid care day care center for samantha’s care while john and sandy worked. $14,000 interest on their home mortgage. $3,000 interest on a $40,000 home-equity loan. they used the loan to pay for a family vacation and new car. $6,000 cash charitable contributions to qualified charities. donation of used furniture to goodwill. the furniture had a fair market value of $400 and cost $2,000. a. what is the fergusons’ 2017 federal income taxes payable or refund, including any self-employment tax and amt, if applicable? (use the 2017 amt exemptions.) (round your answer to 2 decimal places.)
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The fergusons reported making the following payments during the year: state income taxes of $4,400....
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