Alex and Katya Goins have been married for 20 years and have four children who qualify as their dependents (Damarcus, Kalia, Michael, and Candice). The couple received salary income of $100,000 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. They paid $10,000 of qualified moving expenses during the year.The Goins's also cashed in a Certificate of Deposit early during the year and paid a $690 penalty on the early withdrawal.The Goins incurred $16,500 of itemized deductions and they had $6,250 withheld from their paychecks for federal taxes. They are also allowed to claim a child tax credit for each of their children.

Gross Income

Deductions FOR AGI

Adjusted Gross Income

Standard Deduction

Itemized Deductions

Exemptions

Taxable Income

Tax Liability

Amount Due OR Refund

Use the table below to show what you did and did not include in Gross Income and your explanation.Feel free to add additional rows as necessary.

Item

Amount

Explanation