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: Hages (box 1) - Federal M/H (box 2) - Social security wages (box 3) = Social security W/H (box 4) - Medicare mages (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. Form 1040 Department of the Treasury Internal Revenue Service (99) U.S. Individual Income Tax Return Filing Status Check only one box Single Mamed fling jointy 2021 OMB No. 1545-0074 IRS Use Only-Do not write or staple in this space Mamed fling 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 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 P.O. box, see instructions City, town, or post office. If you have a foreign address, also complete spaces below. Foreign country name Foreign province/state/county Last name Apartment number Foreign postal code Spouse's social security number (Enter as xxx-xx-XXXX) Presidential Election Campaign Check here if you, or your spouse if filing jointly, want S3 to go to this fund. Checking a box below will not change your tax or refund. You Spouse Standard Deduction You as a dependent At any time during 2021, did you receive, sell, exchange, or otherwise dispose of any financial interest in any virtual currency? Someone can claim: Your spouse as a dependent Yes No Spouse temizes on a separate return or you were a dual-status alien Age/Blindness You: Were bom before January 2, 1957 Are bind Spouse: Was bom before January 2, 1957 Is blind Dependents (see instructions); If more than four dependents, see instructions and check here (1) First name Last name (2) Social security number (Enter as x-x-10000) (3) Relationship to you (4)if qualifies for (see instructions) Child tax credit Credit for other dependents 1 Wages, salaries, lips, etc. Attach Form(s) W-2 1 2a Tax-exempt interest Attach Schedule B if required. Ja Qualified dividends 20 b Taxable interest 2b 38 b Ordinary dividends 4a IRA distributions 4 b Taxable amount 4b Sa Pensions and annuities 58 b Taxable amount 5b 6a Social security benefits b Taxable amount 6b 7 Capital gain or (loss). Attach Schedule D if required. If not required, check here 7 8 Other income from Schedule 1, line 10 8 9 Add lines 1, 2, 3b, 4b, 5b, Gb. 7, and 8. This is your total income Standard Deduction for- Single or Married fling separately. $12,550 Married fing jointly or Qualifying widow(er), $25,100 Head of household, $18,800 *If you checked any box under Standard 10 Adjustments to income from Schedule 1, line 28 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) c Add lines 12a and 12b 13 Qualified business income deduction from Form 8995 or Form 8995-A Deduction, see instructions. 14 Add Ines 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. 9 10 11 120 12b 12c 13 14 15 Cat. No. 113208 Form 1040 (2021) 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. 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. 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 Required: 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 2 of Form 1040. Some information does not carry over from Page 1. Use provided information and follow instructions on form. Form 1040 (2021) 16 Tax (see instructions). Check if any from Form(s): 17 Amount from Schedule 2, line 3 (1) 8814 (2) 4972 (3) 18 Add lines 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 -0- 23 Other taxes, including self-employment tax, from Schedule 2, line 21 24 Add lines 22 and 23. This is your total tax 25 Federal income tax withheld from: Form(s) W-2 b Form(s) 1099 Other forms (see instructions) d Add lines 25a through 25c Page 2 16 17 18 19 20 21 22 23 24 25a 25b 25c 25d 26 26 2021 estimated tax payments and amount applied from 2020 return If you have a 27a Earned income credit (EIC) 27a qualifying child, attach Schedule EIC. Check here if you had not reached the age of 19 by December 31, 2021, and satisfy all other requirements for claiming the EIC. See instructions b Nontaxable combat pay election 27b c Prior year (2019) earned income 27c 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 31 Amount from Schedule 3, line 15 31 32 Add lines 27a and 28 through 31. These are your total other payments and refundable credits 33 Add lines 25d, 26, and 32. These are your total payments 32 33 34 If line 33 is more than line 24, subtract line 24 from line 33. This is the amount you overpaid 34 Refund 35a Amount of line 34 you want refunded to you. If Form 8888 is attached, check here b Routing number c Type Checking 35a Savings Direct deposit? See instructions. d Account number Amount You Owe 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 discuss this return with the IRS? See instructions Designee Designee's name Sign Phone no 36 37 38 Yes. Complete below. No Personal identification number (PIN) Here Joint return? See instructions. Keep a copy for your records. Under penalties of perjury, I declare that I have examined this return 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 Spouse's signature. If a joint return, both must sign. Date Your occupation Spouse's occupation If the IRS sent you an Identity Protection PIN, enter it here (see inst.) If the IRS sent your spouse an Identity Protection PIN, enter it here (see inst. Phone no. Preparer's name Paid Preparer Use Only Firm's name Firm's address Email address Preparer's signature Date PTIN Phone no. Firm'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)