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I have attached the tax return problem as a Scan in Microsoft word.  When doing homework I use the fill in form from the irs website.  
Here’s the link to the form.
Problem to do on tax return.  All information provided.  
Martin S. Albert (SS # 363-22-1141) is 39 Years old and is married to Michele R. Albert (SS# 259-05-8242).  The Alberts live at 512 Ferry Road, Newport News, VA 23100.  They file a joint return and have two dependent children ( Charlene, age 17, and Jordan, age 18)  Charlene’s SS3# is 260-12-1234, and Jordan’s is 263-23-4321.  In 2007, Martin and Michele had the following transactions.
a) Martin received $108,000 in salary from Red Steel Corporation, where he is a construction engineer.  Whitholding for Federal income tax was $9,500.  The amounts witheld for FICA tax were as follows: $6,045 (97,500 x 6.2%) for Social Security and $ 1,049 ($97,199 x 1.45%) for Medicare.  Martin worked in Mexico from January 1, 2006 until Feb. 15 2007.  His $108,000 salary for 2007 includes $16,000 he earned for January and one-half of February 2007 while working in Mexico.
b) Martin and Michele received $800 in dividends on Green, Inc. stock and $400 interst on Montgomery County (Virginia) school bonds.
c) Martin recieved $1300 interest from a Bahamian bank account.
d) Michele received 50 shares of Applegate Corporation common stock as a stock dividend.  The shares had a fair market value of $2000 at the time Michele received them, and she did not have teh option of receiving cash.
e) Martin and Michele received a $900 refund on their 2006 Virginia income taxes.  Their itemized deductions in 2006 totaled $12,500
f) Martin paid $6,000 alimony to his former wife, Rose T. Morgan ( ss # 262-55-4813)
g) Marin and Michele kept the receipts for their sales taxes paid of $1,100
h) Martin and Michele’s itemized deductions were as follows:
-State income tax paid and withheld totaled $5,100
-Real estate taxes on their principle residence were $3,400
-Mortgage interest on their principle residence was $4,500
-Cash Contributions to the church totaled $2,800
I did the problem but I am confused with the Mexico portion and part D.


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