Based on the year 2021

please answer the following questions, WILL GIVE THUMBS UP.

1) What is the amount of Fred and Wilma's standard deduction ?

2) What is their total qualified education expenses used to calculate the American Opportunity Credit?

3)Can they claim the Credit for other dependents?

4) The taxable amount of freds social security is 7,650? true or false

choice. Interview Notes . . . . Fred, age 67 and Wilma, age 58, are married. They elect to file Married Filing Jointly. Fred is retired. He received Social Security benefits and a pension. Fred and Wilma have one son, Stephen, age 18. Stephen is a full-time college student in his second year of study. He is pursuing a degree in Music and does not have a felony drug conviction. He received a Form 1098-T for 2021. Box 2 was not filled in and Box 7 was not checked on his Form 1098-T for the previous tax year. Stephen spent the summer at home with his parents but lived in an apartment near campus during the school year. Stephen received a scholarship and the terms require that it be used to pay tuition. Fred and Wilma paid the cost of Stephen's tuition and course-related books in 2021 not covered by scholarship. They paid $90 for a parking sticker, $4,500 for a meal plan, $500 for textbooks purchased at the college bookstore, and $100 for access to an online textbook. Fred and Wilma paid more than half the cost of maintaining a home and support for Stephen. Fred and Wilma do not have enough deductions to itemize on their federal tax return. The Joneses made timely estimated tax payments of $150 each quarter for tax year 2021. The Joneses received a $4,200 Economic Impact Payment (EIP3) in 2021. Fred, Wilma, and Stephen are U.S. citizens and have valid Social Security numbers. They all lived in the United States for the entire year. If Fred and Wilma receive a refund, they would like to deposit it into their checking account. Documents from County Bank show that the routing number is 111000025 Their checking account number is 11337890. . . . . . we file a Employee's social security number 128-00-XXXX b Employer identification number (EIN) 35-600XXXX o Employer's name, address, and ZIP code Sato, accurate, Visit the IRS website at OMB No 1545-0008 FASTI Use www.lrs.gov/elle 1 Wages, tips, other compensation 2 Federal Income tax withheld $42,000.00 $2,700.00 3 Social security wiges 4 Social security tax withhold $42.000.00 $2,604.00 6 Medicare wages and tips 6. Medicare tax withheld $42.000.000 $609.00 7 Social security tips Blocated tips STONE STREET MARKET 500 PEBBLES YOUR CITY, YOUR STATE, ZIP d Control number 1.9 10 Dependent care benefits e Employee's first name and in Castame Sult11 Nonquid plus 120 sections for box 12 DD $2,300.00 120 13 WILMA JONES 100 STONE STREET YOUR CITY, YOUR STATE, ZIP 14 Other 120 120 Employee's address and ZIP code 15 State Employer's to number 16 State ww17 State income YS 35-600XXXX $42,000.00 Local W. 19 Local income 20 ye Form W-2 wage and Tax Statement 2021 Dentre Service Copy B-To Be Filed With Employee's FEDERAL Tax Return This information is boing furnished to the Internal Revenue Service choice. Interview Notes . . . . Fred, age 67 and Wilma, age 58, are married. They elect to file Married Filing Jointly. Fred is retired. He received Social Security benefits and a pension. Fred and Wilma have one son, Stephen, age 18. Stephen is a full-time college student in his second year of study. He is pursuing a degree in Music and does not have a felony drug conviction. He received a Form 1098-T for 2021. Box 2 was not filled in and Box 7 was not checked on his Form 1098-T for the previous tax year. Stephen spent the summer at home with his parents but lived in an apartment near campus during the school year. Stephen received a scholarship and the terms require that it be used to pay tuition. Fred and Wilma paid the cost of Stephen's tuition and course-related books in 2021 not covered by scholarship. They paid $90 for a parking sticker, $4,500 for a meal plan, $500 for textbooks purchased at the college bookstore, and $100 for access to an online textbook. Fred and Wilma paid more than half the cost of maintaining a home and support for Stephen. Fred and Wilma do not have enough deductions to itemize on their federal tax return. The Joneses made timely estimated tax payments of $150 each quarter for tax year 2021. The Joneses received a $4,200 Economic Impact Payment (EIP3) in 2021. Fred, Wilma, and Stephen are U.S. citizens and have valid Social Security numbers. They all lived in the United States for the entire year. If Fred and Wilma receive a refund, they would like to deposit it into their checking account. Documents from County Bank show that the routing number is 111000025 Their checking account number is 11337890. . . . . . we file a Employee's social security number 128-00-XXXX b Employer identification number (EIN) 35-600XXXX o Employer's name, address, and ZIP code Sato, accurate, Visit the IRS website at OMB No 1545-0008 FASTI Use www.lrs.gov/elle 1 Wages, tips, other compensation 2 Federal Income tax withheld $42,000.00 $2,700.00 3 Social security wiges 4 Social security tax withhold $42.000.00 $2,604.00 6 Medicare wages and tips 6. Medicare tax withheld $42.000.000 $609.00 7 Social security tips Blocated tips STONE STREET MARKET 500 PEBBLES YOUR CITY, YOUR STATE, ZIP d Control number 1.9 10 Dependent care benefits e Employee's first name and in Castame Sult11 Nonquid plus 120 sections for box 12 DD $2,300.00 120 13 WILMA JONES 100 STONE STREET YOUR CITY, YOUR STATE, ZIP 14 Other 120 120 Employee's address and ZIP code 15 State Employer's to number 16 State ww17 State income YS 35-600XXXX $42,000.00 Local W. 19 Local income 20 ye Form W-2 wage and Tax Statement 2021 Dentre Service Copy B-To Be Filed With Employee's FEDERAL Tax Return This information is boing furnished to the Internal Revenue Service