Following is a list of information for Robert and Amy Pax for the tax year 2019. Robert and Amy…

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Following is a list of information for Robert and Amy Pax for the tax year 2019. Robert and Amy are married and have three children, Alice, Bryson, and Carl. They live at 500 Main Street, Phoenix, AZ 85021. Robert is a counselor working for a company called Healthy U. Amy works part-time as a pharmacy tech at Walgreens. Here are their social security numbers and birthdates:

Name

Social Security Number

Birthdate

Robert

123-56-3214

1/15/1988

Amy

564-52-6363

2/23/1990

Alice

558-99-3336

5/5/2013

Bryson

120-33-4566

6/23/2015

Carl

880-11-2323

8/9/2017

W-2 forms and 1098 form

Key data to enter for the return:
Eyeglasses and exam for Alice $700 schedule a line 1
Orthodontic work for Bryson to correct a congenital defect $2,500
Medical insurance premiums, after-tax basis $1,700
State income taxes paid with last year’s tax return $600
Property taxes on home $1,500
Property taxes on automobile $300
Interest on credit cards $600
Cash contribution to church $3,500

In addition to the above, on September 17, 2019 Robert and Amy donate some Beta Trader, Inc. stock to Lakeville Community College. Beta Trader, Inc. is publicly traded. The FMV of the stock on the date of the contribution is $700. John and Amy had purchased the stock on November 7, 2004 for $300. Compute John and Amy’s income tax liability for 2019 using Form 1040, Schedules A and B, and Form 8283, if necessary.

 
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