Assume the taxpayer does NOT wish to contribute to the Presidential Election Fund, unless otherwise stated in the problem. In addition, the taxpayers did NOT receive, sell, send, exchange, or otherwise acquire any financial interest in any virtual currency during the year. Alex Montgomery is single and lives at 3344 Bayview Drive, Richmond Hill, GA 31324. His SSN is 412-34-5670. He recently graduated from the Savannah College of Art and Design and works as a video game developer. His Form W-2 contained the following information. Required: Wages (box 1)= Federal W/H (box 2) Social security wages (box 3) Social security W/H (box 4) Medicare wages (box 5) = Medicare W/H (box 6) = $ 72,288.22 $9,137.20 $ 72,288.22 $ 4,481.87 $ 72,288.22 $ 1,048.18 Prepare a Form 1040 for Alex. Use the appropriate Tax Tables Note: Do not round intermediate computations. Round your final answers to the nearest whole dollar amount. Input all the values as positive numbers. Instructions can be found on certain cells within the forms. 1040 for a Single taxpayer with no dependents. 1040 PG 1 1040 PG 2 Page 1 of Form 1040. Use provided information and follow instructions on form. Department of the Treasuryntemal Revenue Service (90) Form 1040 U.S. Individual Income Tax Return Single OMarned fling jointly 2021 OMB No. 1545-0074 IRS Use Only-Do not write or staple in this space, Filling Status Check only one box Maried fling separately (MFS) Olead of household (HOH) Qualifying widow(er) (OW) you checked the MFS box, enter the name of your spouse. If you checked the HOH or OW box, enter the child's name if the qualifying person is schild but not your dependent Your first name and midde inal Last name Your social security number joint retum, spouse's first name and middle intal Lastname Home address (number and street) If you have a PO box, see instructions City town, or post office. If you have a foreign address also complete spaces below Apartment number Spouse's social security number (Enter as xxx-xx-xxx) Presidential Election Campaign Check here if you, or your spouse d fling jordy want $3 to go to this fund Checking a box below will not change your tax or refund Form 1040 Filing Status Check only one box Department of the Treasury-Intemal Revenue Service 199) US Individual Income Tax Return Single Married fling jointly 2021 OMB No. 1545-0074 IRS Use Only-Do not write or staple in this space Qualifying widower) (QW) Maried filing separately (MFS) Head of household (HOH) If you checked the MFS box, enter the name of your spouse. If you checked the HOH or QW box, enter the child's name if the qualifying person a child but not your dependent Your first name and middena Last name Your social security number Enter as xxx-xx-xxxx) If joint return, spouse's first name and middle initial Home address (number and street) If you have a PO box, see instructions Last name City, town, or post office. If you have a foreign address, also complete spaces below Foreign country name Foreign province/state/county Apartment number Foreign postal code At any time during 2021, did you receive, sell, exchange, or otherwise dispose of any financial interest in any virtual currency? Spouse's social security number Presidential Election Campaign Check here if you or your spouse if ting jointly want $3 to go to this fund Checking a box below wi not change your tax or refund You Spouse No Standard Deduction Someone can claim: You as a dependent Your spouse as a dependent Age/Blindness You Spouse homizes on a separate return or you were a dual-status allon Were bom before January 2, 1957 Dependents (see instructions). If more than four dependents, se instructions and check here (1) First name Last name Are blind (2) Social security number Enter as xxx Spouse Was bom before January 2, 1957 3) Relationship to you is blind (4) qualifies for (see instructions) Child tax cred Credit for other dependents 1 Wages, salaries, fips, atc Attach Form(s) W-2 1 Allach Schedule B Za Tax-exempt interest 2 b Taxable interest 26 required Sa Qualified dividends " b Ordinary dividends 3b 4a RA datnbutions 4 Taxable amount 46 Sa Pensions and annuities 5a b Taxable amount 56 Ga Social security benefits b Taxable amount 7 Capital gain or loss). Allach Schedule D if required. If not required, check here 7 In other insome from Schedule 1, line 10 If more than four dependents, s00 instructions and check here (1) First name Last name (2) Social security number (Enter as xx-xx-xxxxx) (3) Relationship to you (4) qualifies for (see instructions) Child tax credit Credit for other dependents 1 Wages, salaries, tips, etc. Attach Form(s) W-2 2a Tax-exempt interest Attach Schedule B required Ja Qualified dividends Standard Deduction for Single or Married fling separately $12.550 Married fing jointly or Qualifying widow(er), $25,100 household, $18,800 If you checked any box under Standard Deduction, see instructions 4a IRA distributions Sa Pensions and annuites 6a Social security benefits 2a b Taxable interest 2b 3a b Ordinary dividends 36 48 b Taxable amount 4b Sa b Taxable amount 5b b Taxable amount 6b 7 B ' 7 Capital gain or (loss). Attach Schedule D if required. If not required, check here 8 Other income from Schedule 1, line 10 Add lines 1, 2, 3b, 4b, 5b, 6b, 7, and 8. This is your total income 10 Adjustments to income from Schedule 1, line 26 11 Subtract line 10 from line 9. This is your adjusted gross income 12a Standard deduction or itemized deductions (from Schedule A) b Charitable contributions if you take the standard deduction (see instructions) e Add lines 12a and 120 13 Qualified business income deduction from Form 8995 or Form 8995-A 14 Add lines 12 and 13 15 Taxable income. Subtract line 14 from line 11. If zero or less, enter-0- For Disclosure, Privacy Act, and Paperwork Reduction Act Notice, see separate instructions. 10 11 12a 12b 120 13 14 15 Form 1040 (2021) Cat. No. 113208 THIS FORM IS A SIMULATION OF AN OFFICIAL U.S. TAX FORM. IT IS NOT THE OFFICIAL FORM ITSELF. DO NOT USE THIS FORM FOR TAX FILINGS OR FOR ANY PURPOSE OTHER THAN EDUCATIONAL, 2022 McGraw-Hill Education 1040 PO 1040 PO 2 > Form 1040 (2021) If you have a qualifying child attach Schedule EXC. Page 2 (1) 8814 (2) 4972 16 17 16 0 19 20 21 0 22 23 24 16 Tax (see instructions). Check if any from Form(s) 17 Amount from Schedule 2, line 3 18 Add ines 16 and 17 19 Nonrefundable child tax credit or credit for other dependents from Schedule 8812 20 Amount from Schedule 3, line 8 21 Add lines 19 and 20 22 Subtract line 21 from line 18. If zero or less, enter-O 23 Other taxes, including self-employment tax, from Schedule 2, ine 21 24 Add lines 22 and 23. This is your total tax 25 Federal income tax withheld from a Form(s) W-2 b Form(s) 1099 e Other forms (see instructions) d Add lines 25a through 25c 26 2021 estimated tax payments and amount applied from 2020 retum 27a Eamed income credit (EIC) Check here if you had not reached the age of 19 by December 31, 2021, and satisfy all 25 25b 25c 25d 26 27 other requirements for claiming the EIC. See instructions b Nontaxable combat pay election 27b e Prior year (2019) eamed income. 27e 28 Refundable child tax credit or additional child tax credit from Schedule 8812 28 29 American opportunity credit from Form 8863, line 8 29 30 Recovery rebate credit. See instructions 30 Refund Direct deposit? 31 Amount from Schedule 3, line 15 32 Add lines 27a and 28 through 31. These are your total other payments and refundable credits 33 Add Ines 254, 26, and 32. These are your total payments 34 Sine 33 is more than line 24, subtract line 24 from line 33. This is the amount you everpaid 35a Amount of line 34 you want refunded to you. If Form 8888 is attached, check here b Routing number See instructions Account number 36 Amount of line 34 you want applied to your 2022 estimated tax 37 Amount you owe. Subtract sine 33 from line 24 For details on how to pay, see instructions Amount You Owe 38 Estimated tax penalty (see instructions) 31 32 33 0 34 35a Checking Savings 34 37 33 Add lines 25, 26, and 32. These are your total payments Refund Direct deposit? See instructions Amount You Owe 34 If line 33 is more than line 24, subtract line 24 from line 33. This is the amount you overpaid 35a Amount of line 34 you want refunded to you. If Form 8888 is attached, check here b Routing number d Account number eType 36 Amount of line 34 you want applied to your 2022 estimated tax 37 Amount you owe. Subtract line 33 from line 24. For details on how to pay see instructions 38 Estimated tax penalty (see instructions) Third Party Do you want to allow another person to discuss this return with the IRS? See instructions Designee Designee's name Phone Checking 33 34 35a Savings 36 37 38 Yes. Complete below. No Personal identification number (PIN) Sign Here Under penaties of penury, I declare that I have examined this retum and accompanying schedules and statements, and to the best of my knowledge and belief, they are true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge Your signature Date Your occupation Joint return? See instructions Keep a copy for your records Spouse's signature. If a joint retum, both must sign Date Spouse's occupation Phone no Preparer's name Email address Preparer's signature Date PTIN Paid Preparer Use Only Firm's name Fem's address b If the IRS sent you an identity Protection PIN, enter there if the IRS sent your spouse an Identity Protection PIN, enter it here (see inst.) Phone no. Fin's EIN Check if Self-employed THIS FORM IS A SIMULATION OF AN OFFICIAL U.S. TAX FORM. IT IS NOT THE OFFICIAL FORM ITSELF. DO NOT USE THIS FORM FOR TAX FILINGS OR FOR ANY PURPOSE OTHER THAN EDUCATIONAL 2022 McGraw-Hill Education Form 1040 (2021) <1040 1