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Assume the taxpayer does NOT wish to contribute to the Presidential Election Fund, unless otherwise stated in the problem. In addition, the taxpayers did

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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. John and Shannon O'Banion, who live at 3222 Pinon Drive, Mesa, CO 81643, file as married filing jointly. John's social security number is 412-34-5670 (date of birth 5/12/1983), and Shannon's is 412-34-5671 (date of birth 11/3/1985). John's W-2 contained the following information: Wages (box 1) Federal W/H (box 2) = $ 66,346.74 $ 5,224.75 Social security wages (box 3) (box 4) Medicare wages (box 5) Social security W/H Medicare W/H (box 6) = $ 66,346.74 $ 4,113.50 $ 66,346.74 $ 962.03 Shannon did not work for the year due to a medical condition but did receive unemployment compensation of $5,328 for the year with federal withholding of $654.68. In the same year, they had the following medical costs: Shannon's prescribed diabetes medication Shannon's hospital charges Shannon's regular physician visits Shannon's eye doctor Shannon's diabetes blood testing supplies Insurance reimbursements In addition, they had the following other expenses: State income taxes Real estate property taxes Car loan interest Personal property taxes $ 4,250 9,350 835 75 685 1,925 $ 4,950 4,170 500 765 Cash charitable contributions (made ratably throughout the year to their church) Mortgage interest expense Union dues for John Tax preparation fees Required: 2,135 9,970 575 175 Prepare a Form 1040 with a Schedule 1 and Schedule A for the O'Banions using any appropriate worksheets. Use the appropriate Tax Tables. Note: List the names of the taxpayers in the order in which they appear in the problem. 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 couple Married Filing Jointly with no dependents. 1040 PG 1 1040 PG 2 Schedule 1 Schedule A Page 1 of Form 1040. Use provided information and follow instructions on form. Form 1040 Department of the Treasury-Internal Revenue Service (99) U.S. Individual Income Tax Return 2021 Single Married filing jointly Filing Status Check only one box. OMB No. 1545-0074 IRS Use Only-Do not write or staple in this space. Married filing separately (MFS) Head of household (HOH) Qualifying widow(er) (QW) 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 is a child but not your dependent. Your first name and middle initial If joint return, spouse's first name and middle initial Last name Last name Your social security number (Enter as xxx-xx-XXXX) Spouse's social security number (Enter as xxx-xx-xXXX) < Prev 5 of 6 Next >

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