1. Complete pages 1 and 2 of Form 1040 for Marc and Michelle.
2. Complete Schedule 1 of Form 1040 for Marc and Michelle. (use the most recent form available).
Form 1040: Not sure if correct 
Schedule 1: Not sure how to do this
Amount $64,000 $12,000 $350 $500 $76,850 -$350 $76,500 Description Marc's Salary Michelle's Salary Interest from municipal bonds Interest from corporate bonds Total realized income from all sources Less: Nontaxable municipal bond interest Gross Income Less: Deductions for AGI: Contribution to individual retirement account Alimony paid to prior spouse Adjusted Gross Income Standard deduction for married filing jointly Itemized deductions Greater of standard deduction or itemized deductions Taxable income Income tax liability Less: Child tax credit Less: Tax withholding Tax Refund a. Marc and Michelle's gross income = $76,500 -$2,500 -$1,500 $72,500 $24,400 $6,000 $24,400 $48,100 (Adjusted gross income - greater of standard deduction and itemized deductions) $5,384 ($48,100 - 19,400)*12% + $19,400 *10% -$2,000 -$3,500 $116 b. Marc and Michelle's adjusted gross income = $72,500 c. The total amount of Marc and Michelle's deductions from AGI = $24,400 d. Marc and Michelle's taxable income = $48,100 e. Marc and Michelle's refund due for the year = $116 202040-TAX-4001-01Z-4 X Connect 2018 Form 1040 2018 Schedule 1 (Form X C Get Homework Help Wit X G Marc and Michelle are m X + OX + c File /home/chronos/u-8b8ce9aeafdf32f5e57a63e00decbb4172a7e738/MyFiles/Downloads/f1040.pdf R 1040 Department of the Treasury--Internal Revenue Service (99) 2018 U.S. Individual Income Tax Return OMB No. 1545-0074 IRS Use Only-Do not write or staple in this space. Filing status: Single Married filing jointly Married filing separately Head of household Qualifying widow(er) Your first name and initial Last name Your social security number Marc Your standard deduction: Someone can claim you as a dependent You were bom before January 2, 1954 You are blind If joint return, spouse's first name and initial Last name Spouse's social security number Michelle Spouse standard deduction: Someone can claim your spouse as a dependent Spouse was born before January 2, 1954 Full-year health care coverage Spouse is blind Spouse itemizes on a separate return or you were dual-status alien or exempt (see inst.) Home address (number and street). If you have a P.O. box, see instructions. Apt. no. Presidential Election Campaign (see inst.) You Spouse City, town or post office, state, and ZIP code. If you have a foreign address, attach Schedule 6. If more than four dependents, see inst. and here Dependents (see instructions): (2) Social security number (3) Relationship to you (4) if qualifies for see inst.) (1) First name Last name Child tax credit Credit for other dependents Matthew son Sign Under penalties of perjury, I declare that I have examined this retum and accompanying schedules and statements, and to the best of my knowledge and belief, they are true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge. Here Your signature Date Your occupation If the IRS sent you an identity Protection Joint return? PIN, enter it See instructions. here see inst. TTTT Keep a copy for Spouse's signature. If a joint return, both must sign. Date If the IRS sent you an identity Protection Spouse's occupation PIN, enter it your records. here (see inst.) Preparer's name Preparer's signature PTIN Firm's EIN Check it: Paid 3rd Party Designee Preparer Firm's name Phone no. Use Only Self-employed Firm's address For Disclosure, Privacy Act, and Paperwork Reduction Act Notice, see separate instructions. , , , Cat. No. 11320B Form 1040 (2018) a P 1 10:16 202040-TAX-4001-01Z-4 X Connect 2018 Form 1040 2018 Schedule 1 (Form X C Get Homework Help Wit X G Marc and Michelle are m X + OX + c File /home/chronos/u-8b8ce9aeafdf32f5e57a63e00decbb4172a7e738/MyFiles/Downloads/f1040.pdf Page 2 1 76000 500 2b 3b 4b 5b 6 76500 7 72500 24400 8 9 10 48100 Form 1040 (2018) 1 Wages, salaries, tips, etc. Attach Form(s) W-2 2a Tax-exempt interest 2a 350 Taxable interest Attach Forms W-2. Also attach Qualified dividends 3a b Ordinary dividends Forms) W-2G and 4a 1099-R if tax was IRAS, pensions, and annuities 4a b Taxable amount withheld. 5a Social security benefits 5a b Taxable amount 6 Total income. Add lines 1 through 5. Add any amount from Schedule 1, line 22 7 Adjusted gross income. If you have no adjustments to income, enter the amount from line 6; otherwise, Standard subtract Schedule 1. line 36, from line 6 Deduction for 8 Standard deduction or itemized deductions (from Schedule A) Single or married filing separately. 9 Qualified business income deduction (see instructions) $12,000 10 Taxable income. Subtract lines 8 and 9 from line 7. If zero or less, enter-O- Married filing jointly or Qualifying 11 a Tax (see inst.) (check if any from: 1 Form(s) 8814 2 Form 4972 30 widower) $24,000 b Add any amount from Schedule 2 and check here Head of 12 a Child tax credit/credit for other dependents 2000 b Add any amount from Schedule 3 and check here b 3 $18,000 13 Subtract line 12 from line 11. If zero or less, enter-O- If you checked 114 Other taxes. Attach Schedule 4 . any box under Standard 15 Total tax. Add lines 13 and 14 deduction, 16 see instructions. Federal income tax withheld from Forms W-2 and 1099 17 Refundable credits: a EIC (see inst.) b Sch. 8812 c Form 8863 Add any amount from Schedule 5 18 Add lines 16 and 17. These are your total payments 19 19 Refund is more than line 15, subtract line 15 from line 18. This is the amount you overpaid " 20a Amount of line 19 you want refunded to you. If Form 8888 is attached, check here . Direct deposit? Routing number Type: Checking See instructions. Savings Account number 21 21 Amount of line 19 you want applied to your 2019 estimated tax 21 Amount You Owe 22 Amount you owe. Subtract line 18 from line 15. For details on how to pay, see instructions 23 Estimated tax penalty (see instructions). 23 Go to www.irs.gov/Form1040 for instructions and the latest information. household 11 12 13 14 2000 15 2000 3500 16 Vine 18 is more 17 18 19 20a 3500 1500 1500 22 Form 1040 (2016) a P 1 10:16 202040-TAX-4001-01Z-4 X Connect X 2018 Form 1040 x 2018 Schedule 1 (Form X C Get Homework Help Wit X G Marc and Michelle are m X + OX File /home/chronos/u-8b8ce9aeafdf32f5e57a63e00decbb4172a7e738/MyFiles/Downloads/f1040s1.pdf R OMB No. 1545-0074 SCHEDULE 1 (Form 1040) Additional Income and Adjustments to Income 2018 Department of the Treasury Internal Revenue Service Name(s) shown on Form 1040 Attach to Form 1040. Go to www.irs.gov/Form 1040 for instructions and the latest information. Attachment Sequence No. 01 Your social security number 1-9b 10 11 12 13 14 15b 16b 17 18 19 20b 21 22 Additional 1-9b Reserved Income 10 Taxable refunds, credits, or offsets of state and local income taxes 11 Alimony received 12 Business income or (loss). Attach Schedule C or C-EZ 13 Capital gain or loss). Attach Schedule D if required. If not required, check here 1. 14 Other gains or losses). Attach Form 4797 15a Reserved 16a Reserved 1. nodrei 17 Rental real estate, royalties, partnerships, S corporations, trusts, etc. Attach Schedule E 18 Farm income or (loss). Attach Schedule F . 19 Unemployment compensation 20a Reserved 21 Other income. List type and amount 22 Combine the amounts in the far right column. If you don't have any adjustments to income, enter here and include on Form 1040, line 6. Otherwise, go to line 23 Adjustments 23 Educator expenses. expenses ............ 23 24 to Income Certain business expenses of reservists, performing artists, and fee-basis government officials. Attach Form 2106 24 25 Health savings account deduction. Attach Form 8889 25 26 Moving expenses for members of the Armed Forces. Attach Form 3903 27 Deductible part of self-employment tax. Attach Schedule SE 27 28 Self-employed SEP, SIMPLE, and qualified plans 28 29 Self-employed health insurance deduction 29 30 30 Penalty on early withdrawal of savings. 30 24 31a Alimony paid b Recipient's SSN 31a 1500 32 IRA deduction 32 33 Student loan interest deduction 33 34 34 Reserved 34 35 Reserved 36 Add lines 23 through 35 For Paperwork Reduction Act Notice, see your tax return instructions. Cat. No. 71479F 26 20 255 35 36 Schedule 1 (Form 1040) 2018 P 2 10:17 Amount $64,000 $12,000 $350 $500 $76,850 -$350 $76,500 Description Marc's Salary Michelle's Salary Interest from municipal bonds Interest from corporate bonds Total realized income from all sources Less: Nontaxable municipal bond interest Gross Income Less: Deductions for AGI: Contribution to individual retirement account Alimony paid to prior spouse Adjusted Gross Income Standard deduction for married filing jointly Itemized deductions Greater of standard deduction or itemized deductions Taxable income Income tax liability Less: Child tax credit Less: Tax withholding Tax Refund a. Marc and Michelle's gross income = $76,500 -$2,500 -$1,500 $72,500 $24,400 $6,000 $24,400 $48,100 (Adjusted gross income - greater of standard deduction and itemized deductions) $5,384 ($48,100 - 19,400)*12% + $19,400 *10% -$2,000 -$3,500 $116 b. Marc and Michelle's adjusted gross income = $72,500 c. The total amount of Marc and Michelle's deductions from AGI = $24,400 d. Marc and Michelle's taxable income = $48,100 e. Marc and Michelle's refund due for the year = $116 202040-TAX-4001-01Z-4 X Connect 2018 Form 1040 2018 Schedule 1 (Form X C Get Homework Help Wit X G Marc and Michelle are m X + OX + c File /home/chronos/u-8b8ce9aeafdf32f5e57a63e00decbb4172a7e738/MyFiles/Downloads/f1040.pdf R 1040 Department of the Treasury--Internal Revenue Service (99) 2018 U.S. Individual Income Tax Return OMB No. 1545-0074 IRS Use Only-Do not write or staple in this space. Filing status: Single Married filing jointly Married filing separately Head of household Qualifying widow(er) Your first name and initial Last name Your social security number Marc Your standard deduction: Someone can claim you as a dependent You were bom before January 2, 1954 You are blind If joint return, spouse's first name and initial Last name Spouse's social security number Michelle Spouse standard deduction: Someone can claim your spouse as a dependent Spouse was born before January 2, 1954 Full-year health care coverage Spouse is blind Spouse itemizes on a separate return or you were dual-status alien or exempt (see inst.) Home address (number and street). If you have a P.O. box, see instructions. Apt. no. Presidential Election Campaign (see inst.) You Spouse City, town or post office, state, and ZIP code. If you have a foreign address, attach Schedule 6. If more than four dependents, see inst. and here Dependents (see instructions): (2) Social security number (3) Relationship to you (4) if qualifies for see inst.) (1) First name Last name Child tax credit Credit for other dependents Matthew son Sign Under penalties of perjury, I declare that I have examined this retum and accompanying schedules and statements, and to the best of my knowledge and belief, they are true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge. Here Your signature Date Your occupation If the IRS sent you an identity Protection Joint return? PIN, enter it See instructions. here see inst. TTTT Keep a copy for Spouse's signature. If a joint return, both must sign. Date If the IRS sent you an identity Protection Spouse's occupation PIN, enter it your records. here (see inst.) Preparer's name Preparer's signature PTIN Firm's EIN Check it: Paid 3rd Party Designee Preparer Firm's name Phone no. Use Only Self-employed Firm's address For Disclosure, Privacy Act, and Paperwork Reduction Act Notice, see separate instructions. , , , Cat. No. 11320B Form 1040 (2018) a P 1 10:16 202040-TAX-4001-01Z-4 X Connect 2018 Form 1040 2018 Schedule 1 (Form X C Get Homework Help Wit X G Marc and Michelle are m X + OX + c File /home/chronos/u-8b8ce9aeafdf32f5e57a63e00decbb4172a7e738/MyFiles/Downloads/f1040.pdf Page 2 1 76000 500 2b 3b 4b 5b 6 76500 7 72500 24400 8 9 10 48100 Form 1040 (2018) 1 Wages, salaries, tips, etc. Attach Form(s) W-2 2a Tax-exempt interest 2a 350 Taxable interest Attach Forms W-2. Also attach Qualified dividends 3a b Ordinary dividends Forms) W-2G and 4a 1099-R if tax was IRAS, pensions, and annuities 4a b Taxable amount withheld. 5a Social security benefits 5a b Taxable amount 6 Total income. Add lines 1 through 5. Add any amount from Schedule 1, line 22 7 Adjusted gross income. If you have no adjustments to income, enter the amount from line 6; otherwise, Standard subtract Schedule 1. line 36, from line 6 Deduction for 8 Standard deduction or itemized deductions (from Schedule A) Single or married filing separately. 9 Qualified business income deduction (see instructions) $12,000 10 Taxable income. Subtract lines 8 and 9 from line 7. If zero or less, enter-O- Married filing jointly or Qualifying 11 a Tax (see inst.) (check if any from: 1 Form(s) 8814 2 Form 4972 30 widower) $24,000 b Add any amount from Schedule 2 and check here Head of 12 a Child tax credit/credit for other dependents 2000 b Add any amount from Schedule 3 and check here b 3 $18,000 13 Subtract line 12 from line 11. If zero or less, enter-O- If you checked 114 Other taxes. Attach Schedule 4 . any box under Standard 15 Total tax. Add lines 13 and 14 deduction, 16 see instructions. Federal income tax withheld from Forms W-2 and 1099 17 Refundable credits: a EIC (see inst.) b Sch. 8812 c Form 8863 Add any amount from Schedule 5 18 Add lines 16 and 17. These are your total payments 19 19 Refund is more than line 15, subtract line 15 from line 18. This is the amount you overpaid " 20a Amount of line 19 you want refunded to you. If Form 8888 is attached, check here . Direct deposit? Routing number Type: Checking See instructions. Savings Account number 21 21 Amount of line 19 you want applied to your 2019 estimated tax 21 Amount You Owe 22 Amount you owe. Subtract line 18 from line 15. For details on how to pay, see instructions 23 Estimated tax penalty (see instructions). 23 Go to www.irs.gov/Form1040 for instructions and the latest information. household 11 12 13 14 2000 15 2000 3500 16 Vine 18 is more 17 18 19 20a 3500 1500 1500 22 Form 1040 (2016) a P 1 10:16 202040-TAX-4001-01Z-4 X Connect X 2018 Form 1040 x 2018 Schedule 1 (Form X C Get Homework Help Wit X G Marc and Michelle are m X + OX File /home/chronos/u-8b8ce9aeafdf32f5e57a63e00decbb4172a7e738/MyFiles/Downloads/f1040s1.pdf R OMB No. 1545-0074 SCHEDULE 1 (Form 1040) Additional Income and Adjustments to Income 2018 Department of the Treasury Internal Revenue Service Name(s) shown on Form 1040 Attach to Form 1040. Go to www.irs.gov/Form 1040 for instructions and the latest information. Attachment Sequence No. 01 Your social security number 1-9b 10 11 12 13 14 15b 16b 17 18 19 20b 21 22 Additional 1-9b Reserved Income 10 Taxable refunds, credits, or offsets of state and local income taxes 11 Alimony received 12 Business income or (loss). Attach Schedule C or C-EZ 13 Capital gain or loss). Attach Schedule D if required. If not required, check here 1. 14 Other gains or losses). Attach Form 4797 15a Reserved 16a Reserved 1. nodrei 17 Rental real estate, royalties, partnerships, S corporations, trusts, etc. Attach Schedule E 18 Farm income or (loss). Attach Schedule F . 19 Unemployment compensation 20a Reserved 21 Other income. List type and amount 22 Combine the amounts in the far right column. If you don't have any adjustments to income, enter here and include on Form 1040, line 6. Otherwise, go to line 23 Adjustments 23 Educator expenses. expenses ............ 23 24 to Income Certain business expenses of reservists, performing artists, and fee-basis government officials. Attach Form 2106 24 25 Health savings account deduction. Attach Form 8889 25 26 Moving expenses for members of the Armed Forces. Attach Form 3903 27 Deductible part of self-employment tax. Attach Schedule SE 27 28 Self-employed SEP, SIMPLE, and qualified plans 28 29 Self-employed health insurance deduction 29 30 30 Penalty on early withdrawal of savings. 30 24 31a Alimony paid b Recipient's SSN 31a 1500 32 IRA deduction 32 33 Student loan interest deduction 33 34 34 Reserved 34 35 Reserved 36 Add lines 23 through 35 For Paperwork Reduction Act Notice, see your tax return instructions. Cat. No. 71479F 26 20 255 35 36 Schedule 1 (Form 1040) 2018 P 2 10:17
