Disregard the first problem. Only 2A. thanks!

y West. Years ago, the 1212), Jack, who is a full son (born 10/2/2000; Social 1. Richard and Christine McCarthy have a 19-year-old son (born 10/2/2000; Social Security number 555-55-1212), lack, who is a full-time student at the University of Key West. Years ago, the McCarthys shifted a significant amount of investments into Jack's name. In 2019, Jack received Forms 1099-INT and 1099-DIV that reported the following: Tandy Corporation Bonds interest Tandy Corporation ordinary dividends $11,300 3.400 The dividends are not qualified dividends. In addition, Jack works part-time as a waiter in an upscale seafood restaurant in Miami, FL. His 2019 Form W-2 reported: Wages $12,800 Federal withholding 1,080 In spite of his fairly large income, the McCarthys provide over 50 percent of his sup- port and claim Jack as a dependent in 2019. Jack's mailing address is 100 Duval Street, Apt. #B12, Key West, FL 33040. Richard's Social Security number is 100-10-9090. Use Form 1040, Schedule B, Form 8615, and the Tax Computation Worksheet from the Form 8615 instructions to compute Jack's 2019 income tax. 2A. Richard McCarthy (born 2/14/1965; Social Security number 100-10-9090) and Christine McCarthy (born 6/1/1967; Social Security number 101-21-3434) have a 19-year-old son (born 10/2/2000 Social Security number 555-55-1212), Jack who is a full-time student at the University of Key West. The McCarthys also have a 12-year- old daughter (Social Security number 444-23-1212), Justine, that lives with them. The McCarthys can claim a $2,000 child tax credit for Justine and a $500 other dependent credit for Jack. Richard is the CEO at a paper company. His 2019 Form W-2: CON 15.00 P e -file 56.000.00 100-10-9090 32-5656567 Mufflin-Dunder Paper 302 Lackawanna Ave. Scranton, PA 18503 230,500.00 132,900.00 230,500.00 8.239.80 3.616.75 Richard McCarthy 32 Sleepy Hollow Rd. Clarks Summit, PA 18411 Employee' d ZIP code 230.500.00 13.800.00 PAL. 1234824.... 2019 F 2 Wage and Tax W Form WPL Statement Copy B-To Be Filed with Employee's FEDERAL Tax Return This infomation is being tumished to the internal Revenue Santo por Accounting Periods and other laxes March") in stine is an optometrist and operates her own practice (The Eyes of March town as a sole proprietor. The shop address ress is 1030 Morgan Highway, Clarks Sun PA 18411 and the business code is 62134 320. Christine keeps her books on the ace basis and her bookkeeper provided the her bookkeeper provided the following information: Gross sales $270,541 Returns 8,994 $ 24,000 120,000 37,113 Inventory: Beginning inventory Purchases Ending inventory 30,000 24,000 Rent 11,019 Insurance 2.998 Professional fees Payroll 2,877 Payroll taxes 3,961 Utilities 1,995 Office expenses Depreciation 5,000 The McCarthys have a nanny/housekeeper they paid $12,600 during 2019. They did not withhold income or FICA taxes. The McCarthys paid Pennsylvania state unemploy- ment tax of $378 in 2019. Christine received a 2019 Form 1099-INT from the National Bank of Scranton that listed interest income of $23,467. Note that McCarthys reasonably allocate $761 to state income tax expense for purposes of the Net Investment Income tax. The McCarthys received a Form 1099-G from Pennsylvania that reported a $451 state income tax refund from 2018. The McCarthys itemized deductions in 2018 and had $14,223 of state income tax expense that was limited to $10,000. The McCarthys paid the following in 2019: Home mortgage interest $15,661 Property taxes 5,436 Estimated state income tax payments 2,400 Estimated Federal income tax payments 10,500 Charitable contributions (all cash) 7,600 Required: Complete the McCarthys' federal tax return for 2019. Use Form 1040, Schedule 1, Schedule 2, Schedule 3, Schedule A, Schedule B, Schedule C, Schedule H. Schedule SE, Form 8959, and Form 8960 to complete this tax return. Make realiser assumptions about any missing data and ignore any alternative minimum tax. Do not complete Form 4952, which is used for depreciation. y West. Years ago, the 1212), Jack, who is a full son (born 10/2/2000; Social 1. Richard and Christine McCarthy have a 19-year-old son (born 10/2/2000; Social Security number 555-55-1212), lack, who is a full-time student at the University of Key West. Years ago, the McCarthys shifted a significant amount of investments into Jack's name. In 2019, Jack received Forms 1099-INT and 1099-DIV that reported the following: Tandy Corporation Bonds interest Tandy Corporation ordinary dividends $11,300 3.400 The dividends are not qualified dividends. In addition, Jack works part-time as a waiter in an upscale seafood restaurant in Miami, FL. His 2019 Form W-2 reported: Wages $12,800 Federal withholding 1,080 In spite of his fairly large income, the McCarthys provide over 50 percent of his sup- port and claim Jack as a dependent in 2019. Jack's mailing address is 100 Duval Street, Apt. #B12, Key West, FL 33040. Richard's Social Security number is 100-10-9090. Use Form 1040, Schedule B, Form 8615, and the Tax Computation Worksheet from the Form 8615 instructions to compute Jack's 2019 income tax. 2A. Richard McCarthy (born 2/14/1965; Social Security number 100-10-9090) and Christine McCarthy (born 6/1/1967; Social Security number 101-21-3434) have a 19-year-old son (born 10/2/2000 Social Security number 555-55-1212), Jack who is a full-time student at the University of Key West. The McCarthys also have a 12-year- old daughter (Social Security number 444-23-1212), Justine, that lives with them. The McCarthys can claim a $2,000 child tax credit for Justine and a $500 other dependent credit for Jack. Richard is the CEO at a paper company. His 2019 Form W-2: CON 15.00 P e -file 56.000.00 100-10-9090 32-5656567 Mufflin-Dunder Paper 302 Lackawanna Ave. Scranton, PA 18503 230,500.00 132,900.00 230,500.00 8.239.80 3.616.75 Richard McCarthy 32 Sleepy Hollow Rd. Clarks Summit, PA 18411 Employee' d ZIP code 230.500.00 13.800.00 PAL. 1234824.... 2019 F 2 Wage and Tax W Form WPL Statement Copy B-To Be Filed with Employee's FEDERAL Tax Return This infomation is being tumished to the internal Revenue Santo por Accounting Periods and other laxes March") in stine is an optometrist and operates her own practice (The Eyes of March town as a sole proprietor. The shop address ress is 1030 Morgan Highway, Clarks Sun PA 18411 and the business code is 62134 320. Christine keeps her books on the ace basis and her bookkeeper provided the her bookkeeper provided the following information: Gross sales $270,541 Returns 8,994 $ 24,000 120,000 37,113 Inventory: Beginning inventory Purchases Ending inventory 30,000 24,000 Rent 11,019 Insurance 2.998 Professional fees Payroll 2,877 Payroll taxes 3,961 Utilities 1,995 Office expenses Depreciation 5,000 The McCarthys have a nanny/housekeeper they paid $12,600 during 2019. They did not withhold income or FICA taxes. The McCarthys paid Pennsylvania state unemploy- ment tax of $378 in 2019. Christine received a 2019 Form 1099-INT from the National Bank of Scranton that listed interest income of $23,467. Note that McCarthys reasonably allocate $761 to state income tax expense for purposes of the Net Investment Income tax. The McCarthys received a Form 1099-G from Pennsylvania that reported a $451 state income tax refund from 2018. The McCarthys itemized deductions in 2018 and had $14,223 of state income tax expense that was limited to $10,000. The McCarthys paid the following in 2019: Home mortgage interest $15,661 Property taxes 5,436 Estimated state income tax payments 2,400 Estimated Federal income tax payments 10,500 Charitable contributions (all cash) 7,600 Required: Complete the McCarthys' federal tax return for 2019. Use Form 1040, Schedule 1, Schedule 2, Schedule 3, Schedule A, Schedule B, Schedule C, Schedule H. Schedule SE, Form 8959, and Form 8960 to complete this tax return. Make realiser assumptions about any missing data and ignore any alternative minimum tax. Do not complete Form 4952, which is used for depreciation