Reference no: EM133168255
Question - John is 19 years old. He has a W-2 for $20,000 with $2,000 federal withholding.
Pam (John's wife) is 24 years old. She has a W-2 for $50,000 with $5,000 federal withholding. Pam also has $250 in teacher expenses.
John has $2,000 student loan interest.
Pam has 3 kids from a previous marriage. The kids are 3, 4, and 5. 5) John is an accounting student. He has paid $5,000 in tuition.
Pam has $2,000 childcare expense. 7) John has $2,000 interest income.
Pam has $20,0000 mortgage interest, $18,000medical expense, $10,000 church donations, and $10,000 RE Taxes.
John has Uber profit of $2,000.
Pam sold stocks $40,000 basis $30,000
John has a farm loss of $8,000 12) John has rental gain of $5,000
Required - Prepare the tax return for John and Pam.
What is the refund amount?
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