The following information pertains to Rich and Shelly Beach, a married couple filing a joint federal income tax return for the calendar year 2017:
Put the amount the Beaches should report on their joint 2017 federal income tax return for each item below. Assume adjusted gross income is $54,322. Any possible alternative treatment should be resolved in a manner that will minimize 2017 taxable income.
Answer Choice: 0 / 240 / 650 / 700 / 800 / 928 / 1020 / 1380 / 1800 / 2400 / 2500 / 2642 / 3550 / 4314 / 5400 / 7000 / 8856 / 57000 / 58072
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Tax Item |
Answer |
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1. Gross income from dividends |
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2. Gross income other than dividends |
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3. Deduction for bad debts |
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4. Deduction for business use of home |
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5. Deduction for real property taxes |
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6. Itemized deduction for taxes other than real property taxes |
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7. Adjustment to gross income for self-employment tax |
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8. Deduction for charitable contributions |
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9. Deduction for interest |
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10. Deduction for employee business expense |
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11. Deduction for insurance expense |
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