compute the 2019 CT individual income tax liability usung the info below. Assume MFJ filing status and both taxpayers are 67 years old

CT IDIVIDUAL INCOME TAX PROBLEM Compute the 2019 CT Individual income tax liability using the info below. Assume MF filing status and both taxpayers are 67 years old. Do not prepare using tax forms (although you can use them as a guide). Prepare using spread sheet software. Attach this sheet to your response. Groups of two are allowed; groups may confer. Due Date: Tuesday March 24 at the start of class. No late submissions will accepted FEDERAL RETURN W-2 Income 90,000 INTEREST Bank Interest 2,000 US Savings bonds 1,000 Tax exempt interest: State of CT tax exempt interest 3,000 State of MA tax exempt interest 5,000 Puerto Rico tax exempt interest 7,000 Loss on the sale of CT tax exempt bond CT teachers retirement board pension Pension from prior employment -3000 30,000 20,000 10,000 150,000 US Coast Guard retirement income FEDERAL ADJUSTED GROSS INCOME - upecies Wildlife wee instructions Od. Breast Cancer Research Safety Net Services Military Relief OTHER MAYBE RELEVENT INFORMATION: Chet contribution for college savings plan 12,000 Les al estate taxes paid on home 6,000 cT withholding taxes deducted from w-2 and retirement income 7,000 Television purchased on the internet from Utah. Cost 2,000 (no sales tax paid on the purchase) FORMAT FOR SOLUTION USING EXCELL: 150,000 149,000 Federal adjusted gross income Add: Additions to federal AGI (list) Less: Subtractions from federal AGI (list) CT FEDERAL ADJUSTED GROSS INCOME (line 5 of CT return) CT income tax (line 14 of CTreturn) Credits (if any) Use tax (if any) CT income tax withheld (line 18 of CT return) Tax due or overpaid (line 25 or 26 of CT return) u paid no s diculate your use tax liat ut individual Use Tax Worksheet ww%: From Connecticut Individu - use tax due at 7.75%: From 69d. Total use tax de