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following is a list of information for peter and amy jones for the current tax year. peter
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following is a list of information for peter and amy jones for the current tax year. peter and amy are married and have three
children, aubrynne, bryson, and caden. they live at 1846 joplin way, lakeville, mn 55022. peter is a lawyer working for a
native american law firm. amy works part-time in a genetic research lab. the jonesrsquo social security numbers and ages are
as follows: peter 215-60-1989 32 amy 301-60-2828 28 aubrynne 713-84-5555 5 bryson 714-87-2222 3 caden 714-89-1684 1
peterrsquos salary $70,000 amyrsquos salary 32,000 interest income on municipal bonds 2,400 interest income on certificate of
deposit (universal savings) 3,100 dividends on gm stock 1,600 eyeglasses and exam for aubrynne $ 600 orthodontic work for
bryson to correct a congenital defect 2,500 medical insurance premiums 1,800 withholding for state income taxes 7,200
withholding for federal income taxes 16,000 state income taxes paid with last yearrsquos tax return (paid when the return was
filed in the current year) 500 property taxes on home 1,100 property taxes on automobile 300 interest on home 9,700 interest
on credit cards 200 cash contribution to church 3,900 in addition to the above, on september 17, peter 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. peter and amy had purchased the stock on november 7, 2003 for $300. compute peter and
amyrsquos income tax liability for the current year using form 1040, schedules a and b, and form 8283, if necessary.
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