???????? Gregory and Brenda Morris, filing 1040 ?????? ?????? married, filing jointly ?????????? 2 children ????? ???????? $5,300 ?????? Mr. Morris: $32,000 Mrs. Morris: $20,000 Interest income: $500 Bonus for Mr. Morris: $4,000 ??????????: ● Medical expenses: Drugs: $400 Hospitalization insurance: $1,000 Doctor bills: $2,000 Dentist bills: $1,600 Eyeglasses: $200 Medical supplies: $800 ● Interest expenses: Home mortgage: $6,000 ● Contributions: Calvary Church: $5,000 Oakdale Children's Home: $1,000 1a) How many exemptions are allowed? 1b)What is the adjusted gross income? and How much is the medical deduction? 1c)How much is the deduction for contributions? 1d)How much is the taxable income? Do they owe additional taxes, or do they get a refund? How much?
????????
Gregory and Brenda Morris, filing 1040
?????? ??????
married, filing jointly
??????????
2 children
????? ????????
$5,300
??????
Mr. Morris: $32,000
Mrs. Morris: $20,000
Interest income: $500
Bonus for Mr. Morris: $4,000
??????????:
● Medical expenses:
Drugs: $400
Hospitalization insurance: $1,000
Doctor bills: $2,000
Dentist bills: $1,600
Eyeglasses: $200
Medical supplies: $800
● Interest expenses:
Home mortgage: $6,000
● Contributions:
Calvary Church: $5,000
Oakdale Children's Home: $1,000
1a) How many exemptions are allowed?
1b)What is the adjusted gross income? and How much is the medical deduction?
1c)How much is the deduction for contributions?
1d)How much is the taxable income?
Do they owe additional taxes, or do they get a refund? How much?
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