All persons listed are cash basis, calendar year taxpayers, unless stated otherwise. All persons are U.S. citizens and California residents, and have valid social security numbers, unless stated otherwise. Question 1. Courtney, age 52 is a widow of Kurt, and they have a daughter Frances, single, age 23, living with her mother and going to college as a full time student. Courtney lives in Westwood and works for a Whole Foods store, as a manager. In addition to school, Frances works part time for a visual artist. In 2019, Courtney earned a salary of $ 110,000 with federal income tax withheld of $20,000, state income taxes withheld of $5,500, social security withheld of $6,820, and medicare tax withheld of $ 1,595. In 2019 Frances earned a salary of $ 11,000 with federal income tax withheld of $7,000, state income taxes withheld of $ 900, social security withheld of $ 682, and medicare tax withheld of $ 160. When Kurt died, he left many of his artistic copyrights to Courtney, and some were later transferred by Courtney to Frances. Courtney also received a bond and stock portfolio. Courtney and Frances own several bonds and have some money in bank savings accounts. The interest from each of these items was, for Frances: Geffen Inc., bonds $2,300, Orange County bonds $2,100, and Bank savings account interest of $ 900, and for Courtney: DGC, Inc., bonds $3,200, and savings account interest of $ 4,300. These receipts are in addition to the noted items below. The banks (where the savings accounts were) withheld and reported on Courtney's and Frances 2019 1099 int statements federal income taxes of $2,500 for Courtney, and $130 for Frances. Courtney still provides most of Frances' support, paying during 2019 for more than $ 36,000 of Frances' needs. Courtney owns her home where she and Frances live and Courtney pays interest and principal payments to the bank she borrowed (mortgage is secured by the house)the money from, to buy the house. The payments made by Courtney to the bank during 2019, relating to 2019 interest accruals, totaled $ 28,600 interest and $ 13,500 principal. Courtney paid the property taxes on the home also, during April of 2019 in the amount of $ 4,000. Courtney donated $ 5,000 to Salvation Army (Courtney has maintained all the required documentation) on February 20th 2019. Kurt was an artist, and owned copyrights some of which are now owned by Courtney and some owned by Frances. Courtney received $ 18,000 during 2019 for the copyrights, and Frances received a total of $8,300 during 2019. Kurt had a $ 500,000 life insurance policy on his life which was owned by Courtney and Frances equally. As the payments due under the policy, both Courtney and Frances will (and have) receive(d) $ 1,600 a month for twenty five years starting on 1-1-1996. Frances sold a Riverside County bond for $ 100,000 plus accrued interest of $ 2,500 on March 1st 2019 her tax basis was $ 103,000), Courtney gave a Lithium, Inc., bond to Frances on 7-1-2019, the annual interest on this bond was received by Frances on 12-31-2019 in the amount of $ 4,000. Frances received a scholarship in the amount of $10,000 on 7-7-2019 (she is pursuing a degree full time at CSULA) for which she paid for tuition and required fees/books of $4,500 both in August of 2019 and also in January of 2020. Courtney was involved in a car accident for which Courtney received during 2019 the following amounts $ 25,000 for personal injury medical expenses, $ 12,000 for damages to a personal use car (which she had originally bought for $ 35,000) and punitive damages of $ 15,000. Compute Courtney's and Frances' federal income tax refund or amount due for 2019, include the AGI and taxable income totals All persons listed are cash basis, calendar year taxpayers, unless stated otherwise. All persons are U.S. citizens and California residents, and have valid social security numbers, unless stated otherwise. Question 1. Courtney, age 52 is a widow of Kurt, and they have a daughter Frances, single, age 23, living with her mother and going to college as a full time student. Courtney lives in Westwood and works for a Whole Foods store, as a manager. In addition to school, Frances works part time for a visual artist. In 2019, Courtney earned a salary of $ 110,000 with federal income tax withheld of $20,000, state income taxes withheld of $5,500, social security withheld of $6,820, and medicare tax withheld of $ 1,595. In 2019 Frances earned a salary of $ 11,000 with federal income tax withheld of $7,000, state income taxes withheld of $ 900, social security withheld of $ 682, and medicare tax withheld of $ 160. When Kurt died, he left many of his artistic copyrights to Courtney, and some were later transferred by Courtney to Frances. Courtney also received a bond and stock portfolio. Courtney and Frances own several bonds and have some money in bank savings accounts. The interest from each of these items was, for Frances: Geffen Inc., bonds $2,300, Orange County bonds $2,100, and Bank savings account interest of $ 900, and for Courtney: DGC, Inc., bonds $3,200, and savings account interest of $ 4,300. These receipts are in addition to the noted items below. The banks (where the savings accounts were) withheld and reported on Courtney's and Frances 2019 1099 int statements federal income taxes of $2,500 for Courtney, and $130 for Frances. Courtney still provides most of Frances' support, paying during 2019 for more than $ 36,000 of Frances' needs. Courtney owns her home where she and Frances live and Courtney pays interest and principal payments to the bank she borrowed (mortgage is secured by the house)the money from, to buy the house. The payments made by Courtney to the bank during 2019, relating to 2019 interest accruals, totaled $ 28,600 interest and $ 13,500 principal. Courtney paid the property taxes on the home also, during April of 2019 in the amount of $ 4,000. Courtney donated $ 5,000 to Salvation Army (Courtney has maintained all the required documentation) on February 20th 2019. Kurt was an artist, and owned copyrights some of which are now owned by Courtney and some owned by Frances. Courtney received $ 18,000 during 2019 for the copyrights, and Frances received a total of $8,300 during 2019. Kurt had a $ 500,000 life insurance policy on his life which was owned by Courtney and Frances equally. As the payments due under the policy, both Courtney and Frances will (and have) receive(d) $ 1,600 a month for twenty five years starting on 1-1-1996. Frances sold a Riverside County bond for $ 100,000 plus accrued interest of $ 2,500 on March 1st 2019 her tax basis was $ 103,000), Courtney gave a Lithium, Inc., bond to Frances on 7-1-2019, the annual interest on this bond was received by Frances on 12-31-2019 in the amount of $ 4,000. Frances received a scholarship in the amount of $10,000 on 7-7-2019 (she is pursuing a degree full time at CSULA) for which she paid for tuition and required fees/books of $4,500 both in August of 2019 and also in January of 2020. Courtney was involved in a car accident for which Courtney received during 2019 the following amounts $ 25,000 for personal injury medical expenses, $ 12,000 for damages to a personal use car (which she had originally bought for $ 35,000) and punitive damages of $ 15,000. Compute Courtney's and Frances' federal income tax refund or amount due for 2019, include the AGI and taxable income totals