Based upon Bill and Susan Minors information below, complete a Form 1040 and Form 540 for Tax Year 2022, using tax preparation software. You will receive 10 points for each correct figure you list on Lines 1a, 2b, 7, 8, 11, 12, 24, 25a, and 34 on Form 1040, and Line 64 on Form 540.

-In 2022, Bill and Susan Minor had W-2 Wages totaling $95,000, Federal Tax Withheld of $12,000, and California State Tax Withheld of $3,500.

-In 2022, Bill and Susan both had health insurance for the entire year through their employers which met the Minimum Essential Coverage requirements under the Affordable Care Act.

-Bill is an auditor at a hotel and Susan is a high school business teacher.

-Bill and Susan will file a Married Filing Joint Tax Return in 2022.

-In 2022, Bill received interest income of $300 from his 1^st Bank of the Third Best Account. He also cashed in a Certificate of Deposit early and the 6^th Federal Savings and Loan Bank assessed a $25 penalty for early withdrawal of savings. Bill received a Form 1099-INT which reported $75 in interest income from 6^th Federal Savings and Loan Bank in 2022.

-In 2022, Susan performed Jury Duty. She was paid $80 for her Jury Duty and turned over the check to her W-2 Employer, Mission Place High School. Susan received her full pay from Mission Place High School while she was on Jury Duty.

-In 2022, Bill and Susan spent $6,900 making repairs on their home. The repairs included work on their garage door, replacement of the kitchen flooring, and refurbishing their electrical breaker box.

-The Minors reported itemized deductions on their Form 1040 Tax Return in 2021 and deducted in full all state income taxes they paid in 2021. They dont know if they can take the Standard Deduction or not in 2022. They want to take the largest deduction they can in 2022, whether that be the Standard Deduction OR the Itemized Deduction.

-In 2022, Susan received a $26,000 cash inheritance from the estate of her great-great-grandmother.

-Susan and Bill are both 50 years old and neither one is blind or disabled.

-Their grown children are Porsche and Carmen. The kids are out of the house and have their own jobs and apartments. Porsche, who made $96,000 in 2022, is a poor money manager and Bill gave her $2,900 in 2022.

-In 2022, Susan sent her mom $1,700 to help her mom buy medication and medical devices. Susan does not and cannot claim her Mom as a Dependency Exemption.

-The Minors took fencing lessons in 2022 that cost $2,600. They said these lessons help them unwind after a busy workday. Susan liked fencing so much she bought a foil, epee, and saber costing $3,200. A day after buying the fencing equipment, a thief broke into Susans fencing locker at the fencing center and stole the foil and saber worth $1,850. Susan filed a police report, had no insurance on the foil and saber, and the property was not recovered.

-In 2022, Susan paid $975 in union dues to the El Camino Real Teachers, Educators, and Mentors Union.

-Bill owed the IRS $4,600 from his 2020 Federal Income Tax Return. He is paying $212 a month on this debt. In 2022, Bill calculated he paid $2,644 in federal income tax and $370 in interest to the IRS.

-Susan helped her friend start a business. The friend plans on paying Susan $4,950 for all the work

she did. This payment will be made in December 2023.

-Susan decided in 2022 to become a self-employed tutor. She taught 2 kids business planning and

was paid $250. Her ONLY business expenses as a self-employed tutor were $50 for business cards and $300 for paper, pencils, and supplies. Susan also tells you she paid Mystic Maria the Worlds 7^th Best and Inexpensive Fortune Teller $550 to predict Susans success. Maria reported that Susan would be wildly successful in her tutoring business and would gross approximately $500 in 2023.

-In 2022, Bill and Susan owned a rental property and calculated Total Rental Real Estate Income on Line 26, Schedule E, of $2,000.

-In 2022, Bill won a $475 cash prize for a contest he entered. Bill said he did NOT get a W-2 or a Form 1099 for the $475 he won.