Carl and Elizabeth Williams are married filing jointly, They are 45 and 40 years old, respectively. Their address is 19010 NW 135th Street, Miami, FL 33054. Additional information about Carl and Elizabeth Williams is as follows:

Carl's SSN: 412-34-5670

Carl's date of birth: 07/13/1976

Carl's occupation: Sales Manager

Elizabeth's SSN: 412-34-5671

Elizabeth's date of birth: 09/19/1981

Elizabeth's occupation: Office Clerk

Tax Return Documents:

Form W2 - Carl Williams Download Form W2 - Carl Williams

Form W2 - Elizabeth Williams Download Form W2 - Elizabeth Williams

Form 1099-Int Download Form 1099-Int

Carl and Elizabeth also received tax-exempt interest income of $500, as well as $45 for jury duty. Carl went to court to serve for a few days. Carl also received two weeks of workers' compensation pay for a total of $3,100.

They have one (1) dependent son, Carl Williams, Jr., who is 7 years old. His date of birth is 3/25/2014. His social security number is 412-34-5672.

Instructions:

Prepare Form 1040 plus all appropriate schedules and worksheets for Carl and Elizabeth Williams for 2021. They are entitled to a $3,000 child tax credit (we will discuss this credit in more detail later). For now, enter the credit on the appropriate line on the form. They do not want to contribute to the presidential election campaign. Both Carl and Elizabeth had qualifying health care coverage at all times during the tax year.

Also, include your own calculation of the tax. It may be off a few dollars due to rounding, but we should be able to confirm the tax calculated by the software.