2022 tax rate schedule

Required information [The following information applies to the questions displayed below] Demarco and Janine Jackson have been married for 20 years and have four children (no children under age 6 at yearend who qualify as their dependents (Damarcus, Jasmine, Michael, and Candice). The couple recelved salary income of $105,000 and qualified business income of $10,000 from an Lovestment in a partnership, and they sold their home this year. They initially purchased the home three years ago for $200,000, and they sold it for $250,000. The gain on the sale qualified for the exclusion from the sale of a principal residence. The Jacksons incurred $16,500 of itemized deductions (no charitable contributions), and they had $4,000 withheid from their paychecks for federal taxes. They are also allowed to claim a child tax credit for each of their children. However, because Candice was 18 years of age at year end, the Jacksons may claim a child tax credit for other qualifying dependents for Candice. (Use the lax rate schedules) Complete page 1, page 2, and Schedule 1 of the Jacksons' Form 1040 (use the most recent form avaitable). Demarco and Janine Jackson's address is 19010 NW. 135 th Street, Miami, FL 33054. Social security numbers: Demarco 123-45-6789 Janine: 234-56-7890 Enter any non-financial information, (e.g. Names, Addresses, social security numbers) EXACTLY as they appear and the order in which they appear in any glven information or Problem Statement. Input all the values as positive numbers. Use 2022 tax laws and 2021 tax form. Do not round your intermediate calculations. Round finat answers to the nearest whole doliar amount, Neither Demorco nor danine wish to contribute to the Presidential Election Campaign fund or had any virtual currency transactions or interests. Form 1040 Page 1 and 2 . Pert 2 8.33 points points For Disclosule, Privary Aet, and Paperwork Heduction Aet Notice, see separate instructions OA FOR ANY PURDOSE OTHER THAN EDUCATIONAL E 2021 McOraw-HiII Educatien. Form 1040 Page 1 and 2. Fors 1040 (2021) FiliNGS OR FOR ANY PUPDOSE OTHER THAN EDUCATHONAL 2021 MeGran Hiliz Edueafon 2022 Tax Rate Schedules Individuak Srherinle X.Sinvle