John Williams age 42 is a single taxpayer and he #791

John Williams (age 42) is a single taxpayer, and he lives at 1324 Forest Dr., Reno, NV 89501.
His Social Security number is 555-94-9358. John's earnings and withholdings as the manager
of a local casino for 2012 are:Earnings from the Lucky Ace
Casino............................$195,000Federal income tax
withheld..........................................32,000State income tax
withheld.......................................................0John's other income includes interest on a savings
account at Nevada National Bank of $13,075.John pays his ex-wife $4,000 per month. When
their 12-year-old child (in the wife's custody) reaches 18, the payments are reduced to $2,800
per month. His exwife's Social Security number is 554-44-5555.During the year, John paid the
following amounts (all of which can be substantiated):Credit card
interest.......................................................................1,760Auto loan
interest........................................................................4,300Auto
insurance..............................................................................900Property taxes on personal
residence...................................................6,200State and local sales taxes actually paid during
2012.................................4,000Blue Cross health insurance
premiums.......................................................1,800Other medical
expenses.................................................................................790Income tax preparation
fee..............................................................................900Charitable contributions:Boy
Scouts.......................................................................................................800St. Matthews
Church...........................................................................................300U. of Nevada (Reno)
Medical School...............................................................30,000Nevada Democratic
Party......................................................................................250Fund-raising dinner for the Reno
Auto Museum(value of dinner is $50) ...................................................................100John also
received the following Form 1098:Required:Complete John's federal tax return for 2012. Use
Form 1040, Schedule A, and Schedule B, from pages 5-49 through 5-52 to complete this tax
return. Make realistic assumptions about any missing data.View Solution:
John Williams age 42 is a single taxpayer and he

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