Question
Complete the attached Form 1040 Schedule 1 and Schedule A Filing Status: Married Filing Jointly Description: Joe and Jessie are married and have one dependent
Complete the attached Form 1040 Schedule 1 and Schedule A
Filing Status: Married Filing Jointly
Description: Joe and Jessie are married and have one dependent child, Lizzie.
Gross Income:
1. Joe's salary: $129,100
2. Jessie's craft sales: $18,400
3. Interest from certificate of deposit: $1,650
4. Interest from Treasury bond funds: $716
5. Interest from municipal bond funds: $920
Total Income: $150,786
Adjustments for AGI:
1. Employee expenses (unreimbursed): $2,400
2. Cost of Jessie's craft supplies: $4,260
Adjusted Gross Income (AGI): $144,126
Deductions from AGI:
Standard Deduction: $24,400
Qualified Business Deduction: $0
Taxable Income: $119,726
Taxes Due or Refund: $18,539.01
PLEASE COMPLETE TAX FROM SCHEDULE 1 AND SCHEDULE A PLEASE
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