This is the second of a series. If you have not yet Crunched the Numbers, you may want to try the basic one: Crunching the Numbers I
Rodney and Willimena called their Tax Consultant and asked: "Would you help us develop a business plan so that we can live a comfortable and relaxed retirement ?" Willimena asked: "Should I consider expanding my business and hire a few employees to help me ?" Reggie, their consultant suggested: "Let's begin by reviewing your tax situation".
Here are the details:
W2 Wages - $58,002.57
Filing Jointly with no dependents
Rodney and Willimena are both under 65
Federal Taxes Withheld- $5,906.56
Mortgage Interest $8,542.09
Estimated Tax Payments - $12,600.00
State Tax Estimtes and Withholdings- $3,400.00
Use Schedule A to Itemize Deductions
Net Business Income- $34,681.24
For TY 2004, they took the standard deduction
Medical Expenses- $7,342.93
Real Estate Tax- $6,325.47
Bank Interest on CD-$2,347.02
Contributions- $2,500.00
IRA Deduction - $3,500.00
Use the 2005 Form 1040 booklet for the federal tax tables to calculate their tax and refund.
Round all numbers to the nearest whole dollar before applying any calculations.
Consider only the information given, no assumptions are necessary.
Calculation of the Self-Employment Tax and the AGI adjustment will be necessary.
Disregard the effects of the Alternative Minimum Tax, if any, for this return.
Waypoint Instructions:
1. Look for information near the trailhead to lead you to Waypoint #2.
2. Coordinates for waypoints 03 and 04 will be found here. Please replace container as you found it. Container has been permanently sealed to be waterproof.
3. The "rough coords" will be found here along with a "visible and definitive clue" for the adjustment table column which will be used later.
4. Count the number of tall natural wooden objects in the enclosure to determine the Adjustment Table row number.
Do not include any part of man-made structures in your count
5. To derive the FINAL coordinates, calculate as directed.
To calculate Waypoint #1- (ignore the decimal point):
N42° ab.cde- Add (4 times Sch.A Line 4) to the given coords
W071° fg.hij - Subtract (Sch.SE Line 5) from the given coords.
You may check your answers for this Waypoint #1 on:
You can validate your puzzle solution with certitude.
To calculate the final coordinates:
Add the "rough coords" found earlier at waypoint #3 to the "Amount Overpaid" (Form 1040, Line 72)
and add or subtract the amount in the adjustment table (found below).
| ROW #: |
ADJUSTMENT AMOUNTS |
HEADS |
TAILS |
| 1 |
North 264, West 124 |
N+,W- |
N-,W+ |
| 2 |
North 424, West 172 |
N+,W+ |
N+,W- |
| 3 |
North 326, West 284 |
N+,W+ |
N-,W- |
| 4 |
North 493, West 372 |
N+,W+ |
N-,W- |
| 5 |
North 167, West 198 |
N+,W+ |
N+,W- |
| 6 |
North 463, West 214 |
N+,W+ |
N+,W- |
Initial cache contents include:
Dunkin Donuts $10 giftcard for FTF prize. Congratulations on "FTF" to: Relaxyourback, Joshbro & Anniebananie
Mousepad, 2 clocks, stapler, CD opener, keychain, blue marker, refrigerator magnet clip, Dracula stamp magnet, logbook, pencil and pen.
I hope that you enjoy the cache.
Form 1040 Instruction Booklet for 2005 (incl. Schedules A,B,C,SE) (PDF Format)
Form 1040 for 2005 (PDF Format)
Form 1040 Schedule A/B for 2005 (PDF Format)
Form 1040 Schedule C-EZ for 2005 (PDF Format)
Form 1040 Schedule SE for 2005 (PDF Format)