complete four tax forms (Form 1040, Schedule 1, Schedule B, and Qualified Dividends and Capital Gain Tax Worksheet, using the provided taxpayer information.

Alexander Smith and his wife Allison are married and file a joint tax return for 2020. The Smiths live at 1234 Buena Vista Drive, Orlando, FL 32830. Alexander is a commuter airline pilot but took 6 months off from his job in 2019 to obtain a higher-level pilots license. The Smiths have a 17-year-old son, Brad, who is enrolled in eleventh grade at the Walt Disney Prep School. The Smiths also have an 18-year-old daughter, Angelina, who is a part-time first-year student at Orange County Community College (OCCC). Angelina is married to Sean Shirker, who is 19 years old and also a part-time student at OCCC. Sean and Angelina have a 1-year-old child, Trask (Social Security number 115-45-7893). All the Shirkers live in an apartment near the Smiths. Angelina and Sean both also work part-time for Seans wealthy grandfather as apprentices in his business. The Shirkers wages for the year were $50,000 which allowed them to pay all the personal expenses for themselves and Trask.

Name	Social Security number	Date of birth
Alexander Smith	266-15-1966	09/22/1970
Allison Smith	266-34-1967	07/01/1971
Brad Smith	261-55-2121	12/21/2002
Angelina Shirker	261-45-1212	03/31/2001
Sean Shirker	546-78-1235	05/01/2000
Trask Shirker	115-45-7893	10/21/2018

Five years ago, Alexander divorced Jennifer Amistad (Social Security number 341-55-6789). Alexander pays Jennifer $200 per month in alimony under the divorce decree.

Not included with the Smiths tax forms was interest from State of Florida bonds of $145.00.

a Employee's social security number 266-15-1966 b Employer identification number (EIN) c Employer's name, address, and ZIP code Sate, accurate, Visit the IRS website at FASTI Use ve - file www.sgowladilo OMB No. 1545-0008 1 Wages, tips, other compensation 2 Federal income tax withhold 65,440.00 6,010.00 3 Social security was 4 Social security tax withheld 68, 712.00 4,260.14 5 Modice wages and tips 6 Medicare tax withheld 68,712.00 996.32 7 Social security tips 8 Alocated tips Kissimmee Airlines, Inc. 2432 Bay Blvd. Kissimmee, FL 34741 d Control number Verification code 10 Dependent care benefits Su 11 Nonqualified plans Employee's first name and initial Last name Alexander T. Smith 1234 Buena Vista Drive Orlando, FL 32830 12 Soinstructions for box 12 D3,272.00 12b 14 Other 120 12d Employee's address and ZIP code 15 St Employer's state ID number FLI 16 state want, 17 State income tax 18 Local wages, tips, te 19 Local income tax 20 Locsity Department of the Treasury - Internal Revenue Service W-2 Wage and Tax 2018 Form Statement Copy B-To Be Filed With Employee's FEDERAL Tax Return. This informatinni hoinn fuumichard in the Internal Revenue Seruira OMB No 1545-0112 CORRECTED (if checked) PAYER'S name, street address, city or town, state or province, country. ZIP Payer's RTN (optional) or foreign postal code, and telephone no. Orlando National Bank 1 Interest income 9871 Disney Way 1,413.67 Orlando, FL 32801 2 Early withdrawal penalty 2018 Interest Income Form 1099-INT Copy B PAYER'S TIN RECIPIENTS TIN 3 interest on U.S. Savings Bonds and Treas, obligations For Recipient 60-7654321 266-15-1966 RECIPIENT'S name 4 Federal income tax withheld 5 Investment expenses This is important tax information and is Alexander T. Smith being furnished to the Foreign tax paid 7 Foreign country or U.S.Dion IRS. If you are Street address including apt. no.) required to file a 1234 Buena Vista Drive 8 Tax-exempt interest Specited private actuty bord return, a negligence interest penalty or other sanction may be City or town, state or province, country, and ZIP or foreign postal code imposed on your Orlando, FL 32830 10 Market discount 11 Bond premium this income is taxable and the IRS determines that it has FATCAS not been reported requirement 12 Bordpremium on Troublon 13 Bond prominentem bond $ Account number (soe instruction) 14 Tax-exempt and tax credit 16 Ste 16 State identification na. 17 State tax withhold bond CUSIP no. Form 1099-INT (keep for your records) www.insgow Form1000INT Department of the Treasury - Internal Revenue Service CORRECTED (if checked) PAYER'S name, street address, city or town, state or province, country, ZIP a Total ordinary dividends OMB No. 1545-0110 or foreign postal code, and telephone no $ 1,125.00 Disney Parking Corporation 2018 Dividends and 1b Quaified dividende 1500 Reams Rd. Distributions Lake Buena Vista, FL 32830 1,000.00 $ Form 1099-DIV 2a Total capital gain distr. 2b Urrecap. Soc. 1250 gain Copy B $ $ PAYER'S TIN RECIPIENT'S TIN 2c Section 1202 gain 2d Collectibles (28%) gain For Recipient 57-4443344 266-34-1967 $ $ RECIPIENTS name 3 Nondividend distributions 4 Federal income tax withhold $ Allison Smith s 100.00 This is important tax information and is 5 Section 199A dividends Investment expenses being furnished to Street address including apt.no) $ the IRS. If you are $ required to file a 1234 Buena Vista Drive 7 Foreign tax paid & Foreign courty or US portonton return, a negligence penalty or other sanction may be City or town, state or province, country, and ZIP or foreign postal code $ imposed on you this income is taxable Orlando FL 32830 Cash liquidation distribution to Noncash liquidation distribution and the IRS $ determines that has not been reported FATCA filing 11 Exempt-Interest dividends 12 Specified private activity requirement bond interest dividende $ $ Account number (se instruction) 13 State 14 State wtfctionne 15 State tax withhold $ Form 1099-DIV (keep for your records) www.in.gov/Form1099DIV Department of the Treasury - Intemal Revenue Service OTROS -AACOCO for dette recor . A . . Awwwwww www. creation 19 Obrafom Tom FEEDBE TOT 12 10 * A2 Orden > Arte 21 A mer a Order tomten. 24 ore . . A. dan 2 a - A * Anna *Ashers need Ruland We Che dested Bewer See Amount You Owe Third Party Design w O Sign Here Paid Preparer Las Only| Dashboard Calendar To Do Notifications Inbox . SCHEDULE 1 Form 1040 OUR 1 Additional Income and Adjustments to Income 2020 Department of frey Attach to Form 1040 1040-R 1000 NA Go to www.in.gov/Form 1640 tor instructions and the latest information A01 Names shown on Form 1040 1040-SR, or 1040-NA Your social security number Part Additional Income 1 Taxable retunds, credits, or offsets of state and local income taxes 1 2a Alimony received 2a b Date of original divorce or separation agreement (see instructions) 3 Business income or loss). Attach Schedule C 3 4 Other gains or losses). Attach Form 4797 4 5 Rental real estate, royalties, partnerships, corporations, trusts, etc. Attach Schedule E 5 6 Farm income or loss). Attach Schedule F 6 7 Unemployment compensation 7 8 Other Income. List type and amount 9 Combine lines 1 through 8. Enter here and on Form 1040, 1040-SR, or 1040-NR. line 8 Part II Adjustments to Income 10 Educator expenses. 10 11 Certain business expenses of reservists, performing artists, and fee-basis government officials. Attach Form 2106 11 12 Health savings account deduction. Attach Form 8889 12 13 Moving expenses for members of the Armed Forces. Attach Form 3903 13 14 Deductible part of self-employment tax. Attach Schedule SE 14 15 Self-employed SEP. SIMPLE, and qualified plans 15 16 Self-employed health insurance deduction 16 17 Penalty on earty withdrawal of savings 17 18a Alimony paid. 18a b Recipient's SSN Date of original divorce or separation agreement (see instructions) 19 IRA deduction 19 20 Student loan interest deduction 20 21 Tuition and fees deduction. Attach Form 8917 21 22 Add lines 10 through 21. These are your adjustments to income. Enter here and on Form 1040 1040-SR, or 1040-NR line 10a 22 For Paperwork Reduction Act Notice to your tax return instructions Schedule on 1200 OVS NO 1545-0014 SCHEDULEB (Form 1040) Department of the Internal Revenue Service Namen hon on retum Interest and Ordinary Dividends Go to www.lrs.gov/Schedule for instructions and the latest information Altach to Form 1040 or 1040-SR 2020 Amachment Scene No 08 Your social security number 1 Amount List name of payer. If any interest is from a seller-financed mortgage and the buyer used the property as a personal residence, see the instructions and list this interest first. Also, show that buyer's social security number and address Part 1 Interest (See Instructions and the Instructions for Forms 1010 and 1040-SR line 26) Note: If you received a Form 1099-INT, Form 1099-OID, OF substitute statement from a brokerage firm list the firm's name as the payer and enter the total interest shown on that form. 2 Add the amounts on line 1 2 3 Excludable interest on series EE and I U.S. savings bonds issued after 1989 Attach Form 8815 3 4 Subtract line 3 from line 2. Enter the result here and on Form 1040 or 1040-SR, line 21 4 Note: I line 4 is over $1,500. you must complete Part Amount Part II 5 List name of payer Ordinary Dividends (See Instructions and the instructions for Forms 1010 and 1040-SR line 38) Note: If you received a Form 1099-DIV substitute statement from a brokerage firm, list the firm's name as the payer and enter the ordinary dividends shown 6 Add the amounts on line 5. Enter the total here and on Form 1040 or 1040-SR on that form line 36 Note: If line 6 is over $1,500, you must complete Part Il. Part III You must complete this part if you fa) had over $1.500 of table interest or ordinary dividends: (b) had a Yes No foreign account: or(c) received a distribution from, or were a granter of, or a transferorto, a foreign trust Foreign 7a At any time during 2020, did you have a financial interest in or signature authority over a financial Accounts account (such as a bank account, securities account, or brokerage account) located in a foreign and Trusts country? See instructions Caution "Yes." are you required to file FinCEN Form 114. Report of Foreign Bank and Financial required. failure Accounts (FBAR, to report that financial interest or signature authority? See FinCEN Form 114 to file FinCEN and its instructions for filing requirements and exceptions to those requirements. Fom 114 may result in b If you are required to file FinCEN Form 114, enter the name of the foreign country where the substantial financial account is located penalties. See 8 During 2020, did you receive a distribution from or were you the granter of, or transferorto, a instructions foreign trust? I "Yes, you may have to file Form 3520. See instructions For Paperwork Reduction Act Notice, see your tax return instructions. CN1756 Schedule B Form 1040) 2020 3) 53 6 7) 8 9) Qualified Dividends and Capital Gain Tax Worksheet (2020) See Form 1040 instructions for line 15 to see if the taxpayer can use this worksheet to compute the taxpayer's tak. . Before completing this worksheet complete Form 1090 through line 15 if the taxpayer does not have to file Schedule D (Form 1040) and received capital gain distributions, be sure the box on line 7. Form 1040, is checked. 1) Enter the amount from Form 1040, line 15. However, if filing Form 2555 (relating to foreign earned incomel, enter the amount from line 3 of the Foreign Earned Income Tax Worksheet 1) 21 Enter the amount from Form 1040, line 30" 23 3) Is Schedule being filed? Yes. Enter the smaller of line 15 or 16 of Schedule D. If either line 15 or line 16 is blank or a loss, enter No. Enter the amount from Form 1040, line 7 41 Add lines 2 and 3 S Subtract line 4 from line 1. If zero or less, enter-o- 6) Enter: 540,000 if Single or Married Filing Separately, $80,000 if Married Fling Jointly or Qualifying Widowieri. $53,600 f Head of Household 7) Enter the smaller of line 1 or line 6 8) Enter the smaller of line 5 or line 7 9) Subtract line 8 from line 7. This amount is taxed at 0% 10) Enter the smaller of line 1 or line 4 10) 11) Enter the amount from line 11) 12) Subtract line 11 from line 10 12) 13) Enter: $441,450 if Single $248,300 if Married Filing Separately, $196,600 if Married Filing Jointly or Qualifying Widower. $469,050 if Head of Household 13) 14) Enter the smaller of line 1 or line 13 14) 15) Add lines 5 and 9 161 Subtract line 15 from line 14. If zero or less, enter-O. 15) 17) Enter the smaller of line 12 or line 16 171 18) Multiply line 17 by 15% (15) 18) 191 Add lines 9 and 17 191 201 Subtract line 19 from line 10 201 21) Multiply line 20 by 20% 1201 21) 221 Compute the tax on the amount on line 5. If the amount on line 5 is less than $100.000, use the Tux Table to compute the tax. If the amount on line 5 is $100,000 or more, use the Tax Computation Worksheet 221 23) Add lines 18, 21, and 22 23) 241Compute the tax on the amount on line 1. If the amount on line 1 is less than $100.000, use the Tox Table to comput the tax. If the amount on line 1 is $100,000 or more, use the Tax Computation Worksheet 24 25 Tax on all taxable income. Enter the smaller of line 23 or line 24. Also include this amount on Form 1040, line 16. It fiting Form 2555, do not enter this amount on Form 1040, line 16. Instead, enter it on line 4 of the Foreign Earned Income Tax Worksheet 25) * If you are filing Form 2555, see the footnote in the Foreign Earned Income Tax Worksheet before completing this line. 151