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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 -3,688.00
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Last modified: March 27, 2008