Please help me figure this tax return? I am stuck at the Federal tax and if they can claim the EIC. Please tell me what the PAYMENTS section should have enterd and the REFUND section should be on lines 71 – 76. I think I have the rest of it. THANK YOU!!!

Following is a list of information for Peter and Amy Jones for the current tax year. Peter

and Amy are married and have three children, Aubrynne, Bryson, and Caden. They live at

1846 Joplin Way, Lakeville, MN 55022. Peter is a lawyer working for a Native American

law firm. Amy works part-time in a genetic research lab. The Jones’ Social Security numbers

and ages are as follows:

Peter 215-60-1989 32

Amy 301-60-2828 28

Aubrynne 713-84-5555 5

Bryson 714-87-2222 3

Caden 714-89-1684 1

Peter’s salary $70,000

Amy’s salary 32,000

Interest income on municipal bonds 2,400

Interest income on certificate of deposit (Universal Savings) 3,100

Dividends on GM stock 1,600

Eyeglasses and exam for Aubrynne $ 600

Orthodontic work for Bryson to correct a congenital defect 2,500

Medical insurance premiums 1,800

Withholding for state income taxes 7,200

Withholding for federal income taxes 16,000

State income taxes paid with last year’s tax return

(paid when the return was filed in the current year) 500

Property taxes on home 1,100

Property taxes on automobile 300

Interest on home 9,700

Interest on credit cards 200

Cash contribution to church 3,900

In addition to the above, on September 17, Peter and Amy donate some Beta Trader, Inc.

stock to Lakeville Community College. Beta Trader, Inc. is publicly traded. The FMV of

the stock on the date of the contribution is $700. Peter and Amy had purchased the stock

on November 7, 2003 for $300.

Compute Peter and Amy’s income tax liability for the current year using Form 1040,

Schedules A and B, and Form 8283, if necessary.