Demarco and Janine Jackson have been married for 20 years and have four children (no children under age 6 at year-end) who qualify as their dependents (Damarcus, Jasmine, Michael, and Candice). The couple received salary income of $97,000 and qualified business income of $18,000 from an investment in a partnership, and they sold their home this year. They initially purchased the home three years ago for $240,000 and they sold it for $290,000. The gain on the sale qualified for the exclusion from the sale of a principal residence. The Jacksons incurred $18,100 of itemized deductions, and they had $4,000 withheld from their paychecks for federal taxes. They are also allowed to claim a child tax credit for each of their children. However, because Candice was 18 years of age at year end, the Jacksons may claim a child tax credit for other qualifying dependents for Candice. (Use the tax rate schedules.)

Complete page 1, page 2, and Schedule 1 of the Jacksons' Form 1040 (use the most recent form available).

Demarco and Janine Jackson's address is 19010 N.W. 135th Street, Miami, FL 33054.

Social security numbers:

Demarco: 123-45-6789 Janine: 234-56-7890

Son: Damarcus: 345-67-8901 Daughter: Jasmine : 456-78-9012

Son: Michael : 567-89-0123 Daughter: Candice: 678-90-1234