Question
1 Wages, salaries, tips, etc. Attach Form(s) W-2 . . . . . . . . . . . . . . . . .
1 | Wages, salaries, tips, etc. Attach Form(s) W-2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | 1 | $120,000 | |||||||
2a | Tax-exempt interest . . | 2a | $3750 | b | Taxable interest . . . . . . . . . . | 2b | $2,500 | |||
3a | Qualified dividends . . . | 3a | $1800 | b | Ordinary dividends . . . . . . . . | 3b | $1800 | |||
4a | IRA distributions . . . . . | 4a | b | Taxable amount . . . . . . . . . . | 4b | |||||
5a | Pensions and annuities | 5a | b | Taxable amount . . . . . . . . . . | 5b | |||||
Standard Deduction for
| 6a | Social security benefits | 6a | b | Taxable amount . . . . . . . . . . | 6b | ||||
7 | Capital gain or (loss). Attach Schedule D if required. If not required, check here . . . | 7 | $3,500 | |||||||
8 | Other income from Schedule 1, line 9 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | 8 | $22,050 | |||||||
9 | Add lines 1, 2b, 3b, 4b, 5b, 6b, 7, and 8. This is your total income . . . . . . . . . . . . . | 9 | $149,850 | |||||||
10 | Adjustments to income: | |||||||||
a | From Schedule 1, line 22 . . . . . . . . . . . . . . . . . . . . . . . . . . | 10a | ||||||||
b | Charitable contributions if you take the standard deduction. See instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | 10b | ||||||||
c | Add lines 10a and 10b. These are your total adjustments to income . . . . . . . . . . . | 10c | ||||||||
11 | Subtract line 10c from line 9. This is your adjusted gross income . . . . . . . . . . . . . . | 11 | $149,850 | |||||||
12 | Standard deduction or itemized deductions (from Schedule A) . . . . . . . . . . . . . . . . | 12 | $23,500 | |||||||
13 | Qualified business income deduction. Attach Form 8995 or Form 8995-A . . . . . . . . . . . . | 13 | $1,060 | |||||||
14 | Add lines 12 and 13 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | 14 | $$24,560 | |||||||
15 | Taxable income. Subtract line 14 from line 11. If zero or less, enter -0- . . . . . . . . . . . . | 15 | $125,290 |
BAA For Disclosure, Privacy Act, and Paperwork Reduction Act Notice, see separate instructions. | Form 1040 (2020) |
I need to find the tax for this 1040 number.
Information: Roberta Santos, age 41, is single and lives at 120 Sanborn Avenue, Springfield, IL 62701. Her Social Security number is 123-45-6780. Roberta has been divorced from her former husband, Wayne, for three years. She has a son, Jason, who is 17, and a daughter, June, who is 18. Jason's Social Security number is 111-11-1112, and June's is 123-45-6788. Roberta has never owned or used any virtual currency. She does not want to contribute $3 to the Presidential Election Campaign Fund. Roberta received the appropriate recovery rebates (economic impact payments); related questions in ProConnect Tax should be ignored.
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