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1040 Simulations

(A) Bob & Tammy Cline (Bob's w-2, Tammy's w-2) (1099 Int) (1040 Instructions/Tax Table, pg 78 ) (key: 1040, 2441, sch. M)
  • Wants $3 to go to the presidential campaign fund.
  • Married filing jointly.
  • Two three children
    • Ben Cline, age 18, Soc. # 505-43-9849
    • Scott Cline, age 10, Soc. #506-99-3491
    • Tim Cline, age 6, Soc. #508-43-2975
  • Ln #8 1099 information
  • Ln #23 Bob has $145 & Tammy has $75 in educator expenses
  • Ln # 33 Bob has $210 qualified student loan interest
  • Schedule A
    • Medical expenses
      • Tammy = $980
      • Bob = $1,800
      • Tim = $3,800
    • Dental expenses
      • Tammy = $679
      • Scott = $3,506
    • Taxes Paid
      • $880 in state and local taxes
      • Bob's personal property taxes on truck = $380.56
      • Tammy's personal property taxes on van = $423.98
      • Real estate taxes on their house = $3,546
    • Mortgage Interest $6,798
    • Donations
      • $230 cash to church
      • $200 clothing donation to Goodwill Industries
    • Job Related Expenses
      • Bob's Union dues = $525
      • Tammy's Union dues = $520
      • Tammy uniform expenses = $638
      • Bob purchased professional magazine for work = $120
      • Bob $784 qualified expenses for job related mileage and motel receipts
    • couple paid $135 to have their taxes prepared
  • Daycare expenses: line 48 $5,409
    • Little People Daycare, 456 South Street, Shelton NE  68450
    • (EIN 45679-23)
    • Tim Cline $4,255

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