1/8 went Review Simulation - Mark and Barbare Matthews - FALL 2020 NOTE: All you will turn in for grading page 1 of this document, Based on the interview notes and the documents below.answer the following items relative to their 2019 Form 1000 the amount is tive, putamus before the number of the amount is zero, write 1. Wages, salaries, tipset 5 2. Taxable interest 52 3. Taxable dividende $ 4. Business income ordeductibles) 5 5. Capital gain ordeductible 5 6. Table A distribution 5 7. Taxable pension distribution & Rental real estate income ordeductible 5 9. Taable social security benefits 5. 20. Taxable other income $ 11 Qualified business income (081deduction 5 12. Federal income tax withheld $ 13. Foreign tax credit $ 34. What is the tax rate on the qualified dividends? 15. Barbara's business a specified service trade/business SSTEI? YESTRO Mart (DOB 03/02/1950 and Barbara DOB 01/01/1957) Matthews and and file jointly. Mark is retired. Barbare is a part-time accounting assistant Conway Company but who has a bookkeeping practice. They had minim essential health insurance coverage all year. They have provide you w documentation for their 2019 income and expenses- below. You shoe obtained the following information from interviewing the INTERVIEW NOTES 1. They tell you in the interview that they have $600 of bingo winning -20 required to be seed but also 5500 of bingo lowes 2. In addition to being a part-time employee at Conway Company, Barbara a self-employed bookkeeper. In 2015, she has documents to prove the following Income and expenses Fees received 590,00 Advertising expenses 1.900 Business meals ($1,4001 and business entertainment ($600 2.000 Office expenses 3.550 Business gifts to 20 clients (5200 Llose to a 4,000 Business computer purchased and put into 12/1/19 3,150 Simplified method home office 380 square foot office 11.900 square foothom They would take to take the maximum deduction for their expenses in 2001 The Matthews purchased rent House on 30.000 $120.000 4:56 . nil