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can you help me solve this problem please? Tom Jones and Doris Day, each age 42, married on September 7, 2016. Tom and Doris will
can you help me solve this problem please?
Tom Jones and Doris Day, each age 42, married on September 7, 2016. Tom and Doris will file a joint return for the year. Tom's Social Security number is 111-111111. Doris's Social Security number is 123456789. They live at 211 Brickstone Drive, Atlanta, GA 30304. Tom was divorced from Sarah Jones in M 1 rch 2015. Under the divorce agreement, Tom is to pay Sarah $1,250 per month for the next 10 years or until Sarah's death, whichever occurs first. Tom pays Sarah $15,000 this year. Sarah's Social Security number is 123456788. Tom's salary for the year is $150,000, and his employer, BlueBus, Inc. (Federal I.D. No. 98-7654321). His employer withheld $24,900 for Federal income taxes and $8,000 for state income taxes. The proper amounts were withheld for FICA taxes. Doris recently graduated from law school and is employed by HelpMe, Inc. (Federal I.D. No. 11-1111111), as a public defender. She receives a salary of $40,000. Her employer withheld $7,500 for Federal income taxes and $2,400 for state income taxes. The proper amounts were withheld for FICA taxes. Doris has $2,500 in qualified dividends on Ford Corporation stock she inherited. Tom and Doris have the following itemized deductions this year. They pay $4,500 interest and $1,450 property taxes on their personal residence. Their charitable contributions total $2,400 (all to their church). They paid state taxes which were deducted from their pay of $8,000 and $2,400. Compute the Jones's net tax payable (or refund due) for the year. Use the 2022 Form 1040 , attaching all necessary schedules. Use Form 1040 Instructions - page 36 to compute tax. Alternatively, you can use any tax software. If you use software, be sure to "print" a PDF of the filing copy of the return to attach. 1come 1 a Total amount from Form(s) W-2, box 1 (ses instructions) b Househoid employee wagnes not reported on Form(s) W-2 . . a Tip income not reported on line 1a (see instructions) tnch Form(s) 12 here. Nog tisch Forms 20 and 090R if thax VBs with hald. you did not get in form N2, boe inetructions. d Medleaid walver payments not reported on Form(s) W-2 (5ee instructions) - Taxabib dependent care benefits from Form 2441, line 26 1 Employer-provided adoption benefits from Form B839, line 29 g. Wages from Form 8919, line 6 . h Other eamed income (see instructions) 1. Nontaxable combat pay election (see instructionn) 2/2 Page 2 Form 1040 (20ea) Step by Step Solution
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