Albert Gaytor and his wife Allison are married and file a joint return for 2018. The Gaytors live at 12340 Cocoshell Road, Coral Gables, FL 33134. Captain Gaytor is a charter fishing boat captain but took 6 months off from his job in 2018 to train and study for his Masters Captain?s License.?

In 2018, Albert received a Form W-2 from his employer, Coconut Grove Fishing Charters, Inc.:?

The Gaytors have a 17-year-old son, Crocker, who is a full-time freshman at Brickell State University. The Gaytors also have an 18-year-old daughter, Cayman, who is a part-time student at Dade County Community College (DCCC). Cayman is married to Sean Slacker, who is 19 years old and a part-time student at DCCC. Sean and Cayman have a 1-year-old child, Wanda Slacker (Social Security number 648-99-4306). Sean, Cayman, and Wanda all live in an apartment up the street from Albert and Allison during the entire current calendar year. Sean and Cayman both work for Sean?s wealthy grandfather as apprentices in his business. Their wages for the year were a combined $50,000, which allowed them to pay all the personal expenses for themselves and their daughter. Albert and Allison have a savings account and received the following Form 1099-INT for 2018:?

Required:?

Use a computer software package such as Intuit Proconnect to complete Form 1040 for Albert and Allison Gaytor for 2018. Be sure to save your data input files since this case will be expanded with more tax information in later chapters. Make assumptions regarding any information not given.

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a Employee's social security number 266-51-1966 Safe, accurate, FAST! Use Visit the IRS website at OMB No. 1545-0008 efile www.irs.gov/efile b Employer identification number (EIN) 60-3456789 a Employer's name, address, and ZIP code 2 Federal income tax withheld 5,780.00 Wages, tips, other compensation 66,850.00 Social security wages 4 Social security tax withhela 66,850.00 5 Medicare wages and tips 4,144.70 6 Medicare tax withheld Coconut Grove Fishing Charters 2432 Bay Blvd. Coconut Grove, FL 33133 66,850.00 7 Social security tips 969.33 8 Allocated tips d Control number 9 Verification code 10 Dependent care benefits e Employee's first name and initial Suff. 11 Nonqualified plans 12a See instructions for box 12 Last name Albert T. Gaytor 13 Satuiory employ Retirement plan Thid-parly ick pay 12b 12340 Cocoshell Road 14 Other Coral Gables, FL 33134 120 12d f Employee's address and ZIP code 15 State Employer's state D number 16 State wages, Sps, eta. 17 State income tax 18 Local wagas, tips, etc. 19 Local income tax 20 Locality name FLI Wage and Tax Statement Department of the Treasury-Internal Revenue Service .W-2 2018 Fom Copy B-To Be Filed With Employee's FEDERAL Tax Return. This information is being furnished to the Internal Revenue Service.