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MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
Bart and Susan Forrest, both age 47, are married and have no dependents. They have asked you to advise them whether they should file jointly or separately in 2012. They present you with the following information:
| Â |
Bart |
Susan |
Joint |
|
Salary |
$38,000 |
 |  |
|
Business net income |
 |
$110,000 |
 |
|
Interest income |
400 |
1,200 |
$2,200 |
|
Deductions for AGI |
2,400 |
14,000 |
 |
|
Medical expenses |
9,500 |
900 |
 |
|
State income tax |
800 |
1,800 |
 |
|
Real estate tax |
 |
 |
3,800 |
|
Mortgage interest |
 |
 |
4,200 |
|
Unreimbursed employee expenses |
1,200 |
 |  |
If they file separately, Bart and Susan will split the real estate tax and mortgage interest deductions equally. Write Bart and Susan a letter in which you make and explain a recommendation on filing status for 2012. Bart and Susan reside at 2003 Highland Drive, Durham, NC 27707.
Hel-----------lo -----------Sir-----------/Ma-----------dam-----------Tha-----------nk -----------You----------- fo-----------r u-----------sin-----------g o-----------ur -----------web-----------sit-----------e a-----------nd -----------and----------- ac-----------qui-----------sit-----------ion----------- of----------- my----------- po-----------ste-----------d s-----------olu-----------tio-----------n.P-----------lea-----------se -----------pin-----------g m-----------e o-----------n c-----------hat----------- I -----------am -----------onl-----------ine----------- or----------- in-----------box----------- me----------- a -----------mes-----------sag-----------e I----------- wi-----------ll