-7- Appendix Petitioners Respondent Differences Wages 128,299.00 128,299.00 Taxable interest 2,456.00 2,456.00 Dividends 22.00 22.00 Capital gain or loss -1,848.00 -1,719.00 -129.00 1 Rental real estate losses-25,000.00 -25,000.00 Other income: gambling 18,947.00 18,947.00 Adjusted gross income 122,876.00 123,005.00 -129.00 Medical and dental -0- -0- Taxes 9,003.00 9,003.00 Home interest 10,021.00 10,021.00 Contributions 750.00 750.00 Miscellaneous deductions 18,191.00 18,360.00 -169.00 2 subject to 2% AGI limit 2% AGI 2,457.52 2,460.00 -2.48 Excess miscellaneous 15,733.48 15,900.00 -166.52 deductions Other miscellaneous 18,947.00 18,947.00 deductions Total itemized 54,454.48 54,621.00 -166.52 deductions Adjusted gross income 122,876.00 123,005.00 -129.00 Total itemized deductions54,454.48 54,621.00 -166.52 AGI less itemized deductions 68,421.52 68,384.00 37.52 Exemptions -9,000.00 -9,000.00 -0- Taxable income 59,421.52 59,384.00 37.52 Tax from tax table 8,439.00 9,827.00 -1,388.00 3 Alternative minimum tax -0- 1,688.00 -1,688.00 4 Less credits (child care)500.00 -0- 500.00 5 Total tax less credits 7,939.00 11,515.00 -3,576.00 Federal tax withheld 5,714.00 5,602.00 112.00 6 Deficiency 2,225.00 5,913.00 -3,688.00Page: Previous 1 2 3 4 5 6 7 8Last modified: March 27, 2008