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.

Jose and Maria Suarez are married and live at 9876 Main Street, Denver, CO 80205. Joses SSN is 412-34-5670 and Marias SSN is 412-34-5671.

For the first five months of the year, Jose was employed by Mountain Mortgage Company. The Form W-2 from Mountain Mortgage contained information in the following boxes:

Wages (box 1) =	$ 35,028.52
Federal W/H (box 2) =	$ 3,746.89
Social security wages (box 3) =	$ 35,028.52
Social security W/H (box 4) =	$ 2,171.77
Medicare wages (box 5) =	$ 35,028.52
Medicare W/H (box 6) =	$ 507.91

Jose was laid off from his job at Mountain Mortgage and was unemployed for three months. He received $1,000 of unemployment insurance payments. The Form 1099-G Jose received from the state of Colorado contained $1,000 of unemployment compensation in box 1 and $100 of federal income tax withholding in box 4.

During the last four months of the year, Jose was employed by First Mountain Bank in Denver. The Form W-2 Jose received from the bank contained information in the following boxes:

Wages (box 1) =	$ 19,244.72
Federal W/H (box 2) =	$ 1,767.89
Social security wages (box 3) =	$ 19,244.72
Social security W/H (box 4) =	$ 1,193.17
Medicare wages (box 5) =	$ 19,244.72
Medicare W/H (box 6) =	$ 279.05

Maria was employed the entire year by Blue Sky Properties in Denver. The Form W-2 Maria received from Blue Sky contained information in the following boxes:

Wages (box 1) =	$ 60,433.62
Federal W/H (box 2) =	$ 5,922.80
Social security wages (box 3) =	$ 60,433.62
Social security W/H (box 4) =	$ 3,746.88
Medicare wages (box 5) =	$ 60,433.62
Medicare W/H (box 6) =	$ 876.29

The Suarezes also received two Forms 1099-INT showing interest they received on two savings accounts. One Form 1099-INT, from the First National Bank of Northeastern Denver, showed interest income of $59.36 in box 1. The other Form 1099-INT, from Second National Bank of Northwestern Denver, showed interest income of $82.45 in box 1.

Jose and Maria had qualifying health care coverage at all times during the tax year.

Required:

Prepare a Schedule 1 for Mr. and Mrs. Suarez. Use the appropriate Tax Tables.

Note: List the names of the taxpayers in the order in which they appear in the problem. Input all the values as positive numbers. Do not round intermediate computations. Round your final answers to the nearest whole dollar amount. Instructions can be found on certain cells within the forms.

1040 for a couple Married Filing Jointly with no dependents.

Schedule 1. 1 Taxable refunds, credits, or offsets of state and lacal income taxes 2a Alimony received b Date of original divorce or separation agreement (see instructions): 3 Business income or (loss). Altach Schedule C 4 Other gains or (losses). Altach Form 4797 6 Rental real estate, royaites, partnerships, S corporations, trusts, etc. Attach Schedule E 6 Farm income or (loss). Attach Schedule F 7 Unemployment compensation 8 Other income: a Net operating loss b Gambing c Cancellation of debt d Foreign earned income exclusion from Form 2555 e Income from Form 8853 f Income from Form 8809 g Alaska Permanent Fund dividends h Jury duty pay i Prizes and awards j Activity not engaged in for profit income k Stock options I Income from the rental of personal property if you engaged in the rental for profit but were not in the business of renting such property m Olympic and Paralympic medals and USOC prize money (see instructions) Section 951( a) inclusion (see instructions) - Section 951A(a) inclusion (see instructions) p Section 461(1) excess business loss adjustment q Taxable diatributions from an ABLE account (see instructions) r Scholarahip and fellowship grants not reported on Form W-2 a Nontaxable amount of Medicaid waiver payments included on Form 1040, line 13 or 1d t Pension or annuity from a nonqualifed deferred compensation plan or a nongovemmental section 457 plan u Wages earned while incarcerated z Other income. List type and amount 9 Total other income. Add lines 8 a through 8z 10 Combine lines 1 through 7 and 9. Enter here and on Form 1040, 1040-SR, or 1040-NR. line 8 For Paperwork Reduction Act Notice, see your tax return instructions. Cat. No. 71479F THIS FORM IS A SIMULATION OF AN OFFICIAL U.S. TAX FORM. IT IS NOT THE OFFICIAL FORM IT SELF. DO NOT USE THIS FORM FOR TAX FILINGS OR FOR ANY PURPOSE OTHER THAN EDUCATIONAL. 82023 McGraw-Hill Education. Schedule 1. 1 Taxable refunds, credits, or offsets of state and lacal income taxes 2a Alimony received b Date of original divorce or separation agreement (see instructions): 3 Business income or (loss). Altach Schedule C 4 Other gains or (losses). Altach Form 4797 6 Rental real estate, royaites, partnerships, S corporations, trusts, etc. Attach Schedule E 6 Farm income or (loss). Attach Schedule F 7 Unemployment compensation 8 Other income: a Net operating loss b Gambing c Cancellation of debt d Foreign earned income exclusion from Form 2555 e Income from Form 8853 f Income from Form 8809 g Alaska Permanent Fund dividends h Jury duty pay i Prizes and awards j Activity not engaged in for profit income k Stock options I Income from the rental of personal property if you engaged in the rental for profit but were not in the business of renting such property m Olympic and Paralympic medals and USOC prize money (see instructions) Section 951( a) inclusion (see instructions) - Section 951A(a) inclusion (see instructions) p Section 461(1) excess business loss adjustment q Taxable diatributions from an ABLE account (see instructions) r Scholarahip and fellowship grants not reported on Form W-2 a Nontaxable amount of Medicaid waiver payments included on Form 1040, line 13 or 1d t Pension or annuity from a nonqualifed deferred compensation plan or a nongovemmental section 457 plan u Wages earned while incarcerated z Other income. List type and amount 9 Total other income. Add lines 8 a through 8z 10 Combine lines 1 through 7 and 9. Enter here and on Form 1040, 1040-SR, or 1040-NR. line 8 For Paperwork Reduction Act Notice, see your tax return instructions. Cat. No. 71479F THIS FORM IS A SIMULATION OF AN OFFICIAL U.S. TAX FORM. IT IS NOT THE OFFICIAL FORM IT SELF. DO NOT USE THIS FORM FOR TAX FILINGS OR FOR ANY PURPOSE OTHER THAN EDUCATIONAL. 82023 McGraw-Hill Education