Donna and Chris Hoser have been married for 3 years. Donna works as nurse at Tarleton Memorial Hospital. Chris is a full-time student at Southwest Texas State University (STSU) and also works part-time during the summer at Tarieton Hospital. Chris' birthdate is January 12,1995 and Donna's birthdate is November 4, 1997. Donna and Chris's each received a W-2 form from Cypress Corporation (see separate tab). The Hosers have interest income of $1,000 on Erath County (TX) bonds. Donna and Chris aiso recelved the following Form-1099-INT and 1099-DIV: Chris is an excellent student at STSU. He was given a $1,750 scholarship by the university to help pay educational expenses. The scholarship funds were used by chris for tuition and books. Last year, Donna was laid off from her former job and was unemployed during January 2021 . She was paid $1,850 of unemployment compensation until she started work with her current employer, Tarleton Hospital. Chris has a 4-year-old son, Robert R. Hoser, from a prior marriage that ended in divorce in 2019. During 2021, he paid his ex-wife $300 per month in child support. Robert is claimed as a dependent by Chris's ex-wife. During 2021, Chris' aunt died. The aunt, in her will, left Chris $15,000 in cash. Chris deposited this money in the Lone Star State Bank savings account, Donna and Chris recelved a $2,800EIP in 2021. Required: Complete the Chris' Form 1040, Schedule 1, and the Qualified Dividends and Capital Gain Tax Worksheet. The Hoser's had health cover for the entire year. They do not want to make any contribution to the presidential election campaign. Make any other realistic assumptions about any missing data. If an amount box does not require an entry or if an amount is zero, enter " 0 ". Enter amounts as positive numbers. If required, round amounts to the nearest dollar. Donna and Chris' W-2 Forms Donna and Chris' earnings and income tax withholdings are reported on the following w-2 forms from Cypress Corporation: Copy B-To Be Filed With Employee's FEDERAL Tax Return. This information is being furnished to the Internal Revenue Service. Donna and Chris recelved the following form 1099 -INT and form 1099 . DFV: colock \begin{tabular}{ll} \hline Standard & Someone can claim: Non \\ Deduction & You: None \\ Age/Blindness & Spouse: Nono \\ \hline Dependents & (see instructions): \end{tabular} For Disclosure, Privacy Act, and Paperwork Reduction Act Notice, see separate instractions. Cat, No, 11300 Form 1040(2021) Form 1000(2021) fages Greck Wy Wak Form 1040(2021) Designee Here to the best of my knowledge ane betiof, they are tho, correct, and complote, Dedaration of preparer (other than yoint retum? taxpayef) is based on all information of ntich preparer has any knowlodger. See instructions. your recordh. ebock SCHEDULE 1 20. Allmony recelved: b. Date of origlnal divorce or separation apreement (see instructions) - 3 Business income or (loss). attach schedule C 4 Other jains or (liosses). Attach Form 4797 . . 6 Farm income or (ios)). Autach schedide F. . e. Taxable Health shuvings focount dititioution. 1 Alaska Parmaniect Fund dividenis. a jurve dity par + +... 1. Activity not engaged in for beoft inconse: i steck options . 6. Income from the rental of personal propety it you engoged in the rental foc profit 465743322 tint were nat in the business of tentine wed erooerty. ebook 6 Gambung income c Cancellation of debt... d. Foreign earned income exclusion from Form 2555 e. Taxable Health Savings Account distribution. f Alaska Permanent Fund dividends 9 Jury duty pay.... h Prizes and awards but were not in the business of renting such property... p. Taxable distributions from an ABLE account 2 other income, List type and amount - Fantine rewami mork coned Quabited Dividends and Capital Gain Tax Workilhet Qualified Dividends and Capital Gain Tax Worksheet-Line 16 Before you begin: Set the eatier instructions for line 16 to see-if you can ise this worksheet to figure your tax. Elafore completing this worksheet, complese form 1040: 1040 . SR througa line 15. * If you don't have to file Schedule D and yot fecchied capital gajin distr butions, be sure you checked the box ont Form 1040 or 1040 SP, line 7 13. Enter: $445,850 if single, $250,800 if married filing separately, $501,600 if married filing jointly or qualifying widow(er), $473,750 if head of household. 22. Flgure the tax on the amount on line 5 . If the amount on line 5 is less than $100,000, use the Tax Table to figure the tax. If the amount on line 5 is $100,000 or more, use the Tax Computation Worksheet.......... 22. 23. Add lines 18,21 , and 22 24. Figure the tax on the amount on line 1. If the amount on line 1 is less than 5100,000 , use the Tax Table to figure 23 the tax, If the amount on line 1 is $100,000 or more, use the Tax Computation workshcet ......... 24. 25. Tax on all taxable income. Enter the smaller of line 23 or 24 . Also include this amount on the entry space on Form 1040 or 1040-5R, line 16. If you are fliling Form 25s5, dont enter this amount on the entry space on Form 1040 or 1040.5R, line 16. Instead, enter it on line 4 of the Foreion Earned thcome Rax Worksheet.. 25. - If vou are fuims Form 2555, see the footnote in the Forelion Earned Income Tax Warksheet beforn completing this whe. reated totersines incertect Donna and Chris Hoser have been married for 3 years. Donna works as nurse at Tarleton Memorial Hospital. Chris is a full-time student at Southwest Texas State University (STSU) and also works part-time during the summer at Tarieton Hospital. Chris' birthdate is January 12,1995 and Donna's birthdate is November 4, 1997. Donna and Chris's each received a W-2 form from Cypress Corporation (see separate tab). The Hosers have interest income of $1,000 on Erath County (TX) bonds. Donna and Chris aiso recelved the following Form-1099-INT and 1099-DIV: Chris is an excellent student at STSU. He was given a $1,750 scholarship by the university to help pay educational expenses. The scholarship funds were used by chris for tuition and books. Last year, Donna was laid off from her former job and was unemployed during January 2021 . She was paid $1,850 of unemployment compensation until she started work with her current employer, Tarleton Hospital. Chris has a 4-year-old son, Robert R. Hoser, from a prior marriage that ended in divorce in 2019. During 2021, he paid his ex-wife $300 per month in child support. Robert is claimed as a dependent by Chris's ex-wife. During 2021, Chris' aunt died. The aunt, in her will, left Chris $15,000 in cash. Chris deposited this money in the Lone Star State Bank savings account, Donna and Chris recelved a $2,800EIP in 2021. Required: Complete the Chris' Form 1040, Schedule 1, and the Qualified Dividends and Capital Gain Tax Worksheet. The Hoser's had health cover for the entire year. They do not want to make any contribution to the presidential election campaign. Make any other realistic assumptions about any missing data. If an amount box does not require an entry or if an amount is zero, enter " 0 ". Enter amounts as positive numbers. If required, round amounts to the nearest dollar. Donna and Chris' W-2 Forms Donna and Chris' earnings and income tax withholdings are reported on the following w-2 forms from Cypress Corporation: Copy B-To Be Filed With Employee's FEDERAL Tax Return. This information is being furnished to the Internal Revenue Service. Donna and Chris recelved the following form 1099 -INT and form 1099 . DFV: colock \begin{tabular}{ll} \hline Standard & Someone can claim: Non \\ Deduction & You: None \\ Age/Blindness & Spouse: Nono \\ \hline Dependents & (see instructions): \end{tabular} For Disclosure, Privacy Act, and Paperwork Reduction Act Notice, see separate instractions. Cat, No, 11300 Form 1040(2021) Form 1000(2021) fages Greck Wy Wak Form 1040(2021) Designee Here to the best of my knowledge ane betiof, they are tho, correct, and complote, Dedaration of preparer (other than yoint retum? taxpayef) is based on all information of ntich preparer has any knowlodger. See instructions. your recordh. ebock SCHEDULE 1 20. Allmony recelved: b. Date of origlnal divorce or separation apreement (see instructions) - 3 Business income or (loss). attach schedule C 4 Other jains or (liosses). Attach Form 4797 . . 6 Farm income or (ios)). Autach schedide F. . e. Taxable Health shuvings focount dititioution. 1 Alaska Parmaniect Fund dividenis. a jurve dity par + +... 1. Activity not engaged in for beoft inconse: i steck options . 6. Income from the rental of personal propety it you engoged in the rental foc profit 465743322 tint were nat in the business of tentine wed erooerty. ebook 6 Gambung income c Cancellation of debt... d. Foreign earned income exclusion from Form 2555 e. Taxable Health Savings Account distribution. f Alaska Permanent Fund dividends 9 Jury duty pay.... h Prizes and awards but were not in the business of renting such property... p. Taxable distributions from an ABLE account 2 other income, List type and amount - Fantine rewami mork coned Quabited Dividends and Capital Gain Tax Workilhet Qualified Dividends and Capital Gain Tax Worksheet-Line 16 Before you begin: Set the eatier instructions for line 16 to see-if you can ise this worksheet to figure your tax. Elafore completing this worksheet, complese form 1040: 1040 . SR througa line 15. * If you don't have to file Schedule D and yot fecchied capital gajin distr butions, be sure you checked the box ont Form 1040 or 1040 SP, line 7 13. Enter: $445,850 if single, $250,800 if married filing separately, $501,600 if married filing jointly or qualifying widow(er), $473,750 if head of household. 22. Flgure the tax on the amount on line 5 . If the amount on line 5 is less than $100,000, use the Tax Table to figure the tax. If the amount on line 5 is $100,000 or more, use the Tax Computation Worksheet.......... 22. 23. Add lines 18,21 , and 22 24. Figure the tax on the amount on line 1. If the amount on line 1 is less than 5100,000 , use the Tax Table to figure 23 the tax, If the amount on line 1 is $100,000 or more, use the Tax Computation workshcet ......... 24. 25. Tax on all taxable income. Enter the smaller of line 23 or 24 . Also include this amount on the entry space on Form 1040 or 1040-5R, line 16. If you are fliling Form 25s5, dont enter this amount on the entry space on Form 1040 or 1040.5R, line 16. Instead, enter it on line 4 of the Foreion Earned thcome Rax Worksheet.. 25. - If vou are fuims Form 2555, see the footnote in the Forelion Earned Income Tax Warksheet beforn completing this whe. reated totersines incertect