question archive During 2016, Jason and Vicki Hurting, who are married with two children and filing jointly, had the following tax information
Subject:FinancePrice: Bought3
During 2016, Jason and Vicki Hurting, who are married with two children and filing jointly, had the following tax information. Jason owns a cash-basis landscaping business, and Vicki works as an executive assistant at a university.
Jason (SSN 412-34-5670) and Vicki (SSN 412-34-5671) reside at 123 Bate Street, Bright, AL 36116. Both children are under the age of 17:
Jason Jr. (412-34-5672) date of birth 7/20/09
Catlin (412-34-5673) date of birth 1/08/13
Vicki's W-2 information is as follows:
Wages$45,800Federal withholding 6,870Social security wages 45,800Social security withholding 2,840Medicare withholding 664State withholding 2,290 Other income: 1099-G Alabama state tax refund is taxable because $2,500 was deducted on last year's return$8971099-INT First Bank of Alabama 2251099-DIV IBM, Inc.—Ordinary dividends 125Qualified dividends 125
The following information is for Jason's landscaping business:
Revenue$153,000Wages 41,600Payroll tax 3,182Cell phone charge 425Business code 811490Assets (§ 179 elected) ItemDate PurchasedBusiness Use AmountPercentageTruck (100% business)2/05/16$28,000100%Mower 13/08/16 12,000100 Mower 23/08/16 3,400100 Equipment6/25/16 1,595100
The truck was over 6,000 lbs.