COMPLETE THE FORM 1040 for the following information:

Taxpayer Information

Name: John Washington

Address: 3450 Green St.

Miami, FL 54321

DOB: 5/5/1960

Filing Status: Married

SSN: 434-20-2020

Occupation: Engineer

Name: Debra Washington

Address: 3450 Green St.

Miami, FL 54321

DOB: 7/7/1962

Filing Status: Married

SSN: 411-21-4568

Occupation: Teacher

INCOME INFORMATION:

Wages and Compensation

The following information is taken from John Washingtons 2017 Form W-2 Wage and Tax Statement:

Box 1 Wages, tips, and other compensation	80,000
Box 2 Federal Withholding	12,500
Box 17 State Income Tax Withholding	2,000

The following information is taken from Debra Washingtons 2017 Form W-2 Wage and Tax Statement:

Box 1 Wages, tips, and other compensation	42,000
Box 2 Federal Withholding	3,500
Box 17 State Income Tax Withholding	750

Interest and Dividends

John had interest income from a savings account from Everest Bank of $500.00

Debra had dividend income of $550 from Blue Co. stock.

Capital Gains

John had the following stock transactions in 2017:

He sold 1,000 shares of Apex Co. for $ 12,000 on June 7, 2017, which he purchased on April 1, 2017 for 25,000

Rental Real Estate

The couple owns a rent house which he purchased on July 1, 2014. The income and expenses of the rental real estate unit are as follows:

Rental income $12,000

Property taxes $1,500

Depreciation $1,000

Repairs and Maintenance $750

Insurance $2,000

Other Transactions in 2017

1. Debra had educator expenses in 2017 of $450.00

2. John had gambling winnings of $1,000.

3. John was the beneficiary of his mothers life insurance policy.

His mother died in 2017 and he received $50,000 under this policy.

4. Debra paid $700 in student loan interest.

Departme Internal Revenue Service U.S. Individual Tax Form Form 1040 OMB No.1545-0074 IRS Use Only--Do not write or staple in this s For the year Jan.1--Dec. 31,2016, or any other tax Your first name and i Last name See Separate Instructions Social Securitv Number If a joint return, spous Last name Home address( number and street). If you have a P.O. Box, see instructions City, town, or post office, state, and zip code. If you have a foreign address, also complete spaces be Presidential Election Campaign Foreign country name Filing Status Spouse Social Security Number Make Sure that the SSN(s) above and on line 6c are con Check here if you, or your spouse if filing jointly Foreign province/state/country Foreign postal code checking this box below will not change your tax refund Vou pous 4.Head of Household (with qualifying person.) (See instructions.) the qualifying person is a child but not your dependent, enter this ing 2.. married filing jointly 3. Married filing separately. Enter spouse's SSN above child's name here and full name here Check only one box 5. Qualifying Window(er) with ndent child ourself. If someone can claim you as a dependent, do not c xemptions If more than four Dependen instructions and es chec on 6a and 6b spouse Last name (2) dependents (3) dependents relationship to youqualifying for tax credit see on 6c who: rst name (4) check if child under age 17 No. of children social security n check here lived with you did not live with yo due to divorce or separation (see instructions) instructions Dependents on 6c not entered above d. Total number of Exemptions Claimed Add numbers on l Income Attach Form(s) W-2 here. Also attach Forms(s) W-2 and 1099-R if tax was withheld. Alimony received 7 Wages, salaries, tips, etc. Attach Forms (W-2) 8 Taxable interest. Attach Schedule B if required b Tax-exempt interest. Do not include on line 8a 9a Ordinary dividends. Attach Schedule B if required b Qualified dividends 10 Taxable refunds, credits, or offsets state or local income taxes 9b 12 Business income or (loss). Attach Schedule C or C-EZ 13 Capital gain or (loss). Attach Schedule D if required. If not required, check here 14 other gains or (losses). Attach Form 4797 15a IRA distributions 15a 16a Pensions and annuitie 16a 17 Rental real estate, royalties, partnerships, S corporations, trusts, etc. Attach Schedule E 18 Farm income or (loss). Attach Schedule F 19 Unemployment compensation 20a Social security benefi 20a 21 other income. List type and amount 22 combine the amounts in the far right column for lines 7 This is your total ing 23 Educator expenses If you did not see instructions b Taxable amount b Taxable amount b Taxable amount Adjusted Gross Income 23 Certain business expenses of reservists, 24 25Health-savings account deduction. Attach F25 26 Moving Expenses. Attach Form 3903 27 Deductible pan of self-employment tax. A 27 28 Self-employed SEP, SIMPLE, andq 29 Self-employed health insurance deduction29 30 Penalty on early withdrawal of savings 3la Alimony paid b. Recij 32IRA deduction 33 Student loan interest deduction 4 Tuition and fees. Attach Form 8917 35 Domestic production activities deduction. A1 35 36 Add lines 23 through 35 37Subtract line 36 from line 22. This is your adjusted gross income. 30 34