ACC 547 Week 4 Jordan and Diana Diego( Score 85 %) For more course tutorials visit www. uophelp. com
ACC 547 Week 4 Jordan and Diana Diego( Score 85 %) For more course tutorials visit www. uophelp. com
Jordan( SSN 150-66-7788) and Diana( SSN 150-67-4321) Diego are a married couple who reside at 111 Coral Drive in Miami, FL 33156. They have one dependent daughter, Emily( SSN 155-88-4321), age 18, who lives at home. Jordan is a manager at Big Box Corporation. His Form W-2 wages are $ 68,000 and federal income tax withheld is $ 8,300. The correct payroll taxes were withheld. Diana worked at a local department store for the first half of the year. Her Form W-2 wages are $ 40,000 and federal income tax is $ 3,300. The correct payroll taxes were also withheld. The Diego family paid $ 9,200 interest on their home mortgage( reported to them by the mortgage company on Form 1098). The Diego family also owns a vacation home in Breckenridge, Colorado, for which they paid $ 4,100 of mortgage interest.( This is qualified mortgage interest for a second home.) The Diego family paid real estate taxes on their principal residence of $ 3,400, $ 2,000 of real estate taxes on their vacation home and $ 3,200 of sales taxes during the year. The vacation home in Breckenridge was rented out for 120 days during the year for which they received $ 12,000 in rental income. Jordan and