Week 6: Comprehensive Case Study 3 Richard McCarthy is a single taxpayer living at 169 Trendie… 1 answer below »


Week 6: Comprehensive Case Study 3 Richard McCarthy is a unmarried taxpayer buttress at 169 Trendie Street, Apartment 6B, La Jolla, CA 92037. His Social Security sum is 865-68-9635 and his birthdate is September 18, 1972. In 2017, Richard was assiduous as a delivery peculiar for a national pizza restaurant. Richard’s W-2 pretexted the following: Earnings from La Tasse Pizzaria $ 23,220 Federal allowance tax withheld 1,300 State allowance tax withheld 400.56 Richard’s simply other cause of allowance during the year was a $10,000 trophy he won visible on a play pretext. The play pretext withheld $2,800 of federal allowance taxes anteriorly paying Richard. He has no other adjustments to allowance or deductible expenses. Unfortunately, Richard’s mistress did not stipulate bloom prevention to its employees but Richard attested up for coverage through his state’s bloom prevention diversify. The diversify sent him a produce 1095-A. His monthly enrollment enhancements were $300 for a completion of $3,600 for the year 2017. His monthly cooperate meanest consume silver guile (SLCSP) Enhancement was $335 per month for a completion of $4,020 for the year 2017. And his monthly pace liquidation of enhancement tax praise (PTC) was $143 per month for a completion of $1,716 for the year 2017. Required: Complete Richard’s federal tax repay for 2017. Use Produce 1040 and Produce 8962, which can be establish on the IRS website. Make realistic assumptions about any detriment data