Basic Scenario $7$: Owen and Kimberly Walker Directions Using the tax software, complete the tax return, including Form $1040$ and all appropriate forms, schedules, or worksheets. Answer the questions following the scenario. When entering Social Security numbers $($SSNs$)$ or Employer Identification Numbers $($EINs$),$ replace the Xs as directed, or with any four digits of your choice. Interview Notes $$ Owen, age $69$ and Kimberly, age $64$ elect to file Married Filing Jointly. Neither taxpayer is blind. $$ Owen is retired. He received Social Security benefits and a pension. $$ Owen and Kimberly's daughter Shelby, age $20,$ is a full$-$time college student in her third year of study. She is pursuing a degree in nursing and does not have a felony drug conviction. She received a Form $1098-$T for $2023.$ Box $7$ was not checked on her Form $1098-$T for the previous tax year. $$ Shelby spent the summer at home with her parents but lived in an apartment near campus during the school year. $$ Shelby received a scholarship that paid the full tuition. Owen and Kimberly paid the cost of course$-$related books in $2023$ not covered by scholarship. They paid $$120$ for a parking sticker, $$5,500$ for a meal plan, $$850$ for textbooks purchased at the college bookstore, and $$200$ for access to an online textbook. $$ Owen and Kimberly paid more than half the cost of maintaining a home and support for Shelby. $$ Owen and Kimberly do not have enough deductions to itemize on their federal tax return. $$ Owen, Kimberly, and Shelby are U$.$S$.$ citizens and have valid Social Security numbers. They all lived in the United States for the entire year. $$ If Owen and Kimberly receive a refund, they would like to deposit it into their checking account. Documents from Baldwin Bank show that the routing number is $111000025.$ Their checking account number is $1133789018.$ The taxable amount of Owen$$s Social Security is $$12,715\mathrm{.}00.$

a$.$ True

b$.$ False