Federal Income Tax Question HW

Comprehensive Problem 1-2A Hardy and Dora Knox are married and file a joint return for 2019. Hardy's Social Security number is 466-47-3311 and her birthdate is January 4, 1975. Dora's Social Security number is 467-74-4451 and her birthday is July 7, 1974. They live at 143 Maple Street, Knoxville, TN 37932. For 2019, Hardy did not work, and Dora's W-2 from her butcher's job is attached below. Hardy and Dora have a 20-year-old son named Fort (Social Security number 552-52-5552), who is a dependent that lives with them, is not a full- time student, and generates $5,200 of gross income for himself. Required: Complete Form 1040 for Hardy and Dora for the 2019 tax year. The taxpayers had health coverage for the full year. Neither taxpayer wishes to contribute to the presidential election campaign. Enter all amounts as positive numbers. If an amount box requires no entry or the amount is zero, enter "0". If required, round amounts to the nearest dollar. O . Dora's W-2 Form Dora's W-2 from her butcher's job showed the following: Safe, accurate, Visit the IRS website at a Employee's social security number 467-74-4451 OMB No. 1545-0008 irse ~ file FAST! Use www.irs.gov/efile b Employer identification number (EIN) 33-0711111 1 Wages, tips, other compensation 50,994.12 2 Federal income tax withheld 3,067.52 c Employer's name, address, and ZIP code 3 Social security wages 50,994.12 4 Social security tax withheld 3,161.64 6 Medicare tax withheld Grocery City 1700 Harding Valley Street Knoxville, TN 37932 5 Medicare wages and tips 50,994.12 739.41 7 Social security tips 8 Allocated tips d Control number 9 10 Dependent care benefits e Employee's first name and initial Last name Suff. 11 Nonqualified plans 12a See instructions for box 12 Dora Knox 13 Statutory employee Retirement plan Third-party sick pay Code | 143 Maple Street e Employee's first name and initial Last name Suff. 11 Nonqualified plans 12a See instructions for box 12 Dora Knox 13 Statutory employee Retirement plan Third-party sick pay Code 1 143 Maple Street Knoxville, TN 37932 12b 14 Other Code 1 12c Code | 12d Code f Employee's address and ZIP code 16 State wages, tips, etc. 17 State income tax 18 Local wages, tips, etc. 19 Local income tax 20 Locality name 15 State Employer's state ID number TN Department of the Treasury-Internal Revenue Service 2019 Form W-2 Wage and Tax Statement Copy-To Be Filed With Employee's FEDERAL Tax Return. This information is being furnished to the Internal Revenue Service. Form 1040 Complete Form 1040 for Dora and Hardy for the 2019 tax year. Form Department of the Treasury-Internal Revenue Service (99) 1040 U.S. Individual Income Tax Return 2019 OMB No. 1545-0074 IRS Use Only Filing Status Last name Your first name and middle initial Dora Your social security number 467-74-4451 Knox If joint return, spouse's first name and middle initial Hardy Last name Knox Spouse's social security number 466-47-3311 Apt. no. Home address (number and street). If you have a P.O. box, see instructions. 143 Maple Street City, town or post office, state, and ZIP code. If you have a foreign address, also complete spaces below (see instructions) Knoxville, TN 37932 Presidential Election Campaign Check here if you, or your spouse if filing jointly, want $3 to to this fund. Checking a box below will not change your tax or refund. Foreign country name Foreign province/state/country Foreign postal code If more than four dependents, see instructions and here D Standard Deduction Someone can claim: Age/Blindness You: Spouse: Dependents (see instructions): (2) Social security number (3) Relationship to you (4) if qualifies for (see instructions): Child tax credit credit for other dependents (1) First name Last name 1 Wages, salaries, tips, etc. Attach Form(s) W-2. 1 2a Tax-exempt interest .. 2a 2b b b Taxable interest. Attach Sch. B if required b Ordinary dividends. Attach Sch. B if required 3a Qualified dividends ... 3b 4b 4d Standard Deduction for- Single or Married filing separately, $12,200 Married filing jointly or Qualifying widow(er), 4a IRA distributions ..... 4a b Taxable amount . C Pensions and annuities 4c d Taxable amount. 5a Social security benefits 5a b Taxable amount.. 6 Capital gain or loss). Attach Schedule D if required. If not required, check here ... 7a Other income from Schedule 1, line 9 5b 6 7a widow(er), $24,400 7b b Add lines 1, 2, 3, 4b, 40, 56, 6, and 7a. This is your total income 8a Adjustments to income from Schedule 1, line 22..... 8a b 8b Head of household, $18,350 If you checked any box under Standard Deduction, see instructions. 9 Subtract line 8a from line 7b. This is your adjusted gross income Standard deduction or itemized deductions (from Schedule A) 9 10 Qualified business income deduction. Attach Form 8995 or Form 8995-A. 10 11a Add lines 9 and 10 11a b Taxable income. Subtract line 11a from line 8b 11b For Disclosure, Privacy Act, and Paperwork Reduction Act Notice, see separate instructions. Cat. No. 11320B Form 1040 (2019) Form 1040 (2019) Page 2 12a Tax (see inst.) Check if any from Form(s): 1 8814 2 0 4972 30 12a b Add Schedule 2, line 3, and line 12a and enter the total. 12b 13a Child tax credit or credit for other dependents 13 b Add Schedule 3, line 7, and line 13a and enter the total. 13b 14 Subtract line 13b from line 12b. If zero or less, enter -o- . 14 15 Other taxes, including self-employment tax, from Schedule 2, line 10 15 16 Add lines 14 and 15. This is your total tax ... 16 17 Federal income tax withheld from Forms W-2 and 1099 17 18 Other payments and refundable credits: a Earned income credit (EIC)... 18a If you have a qualifying child, attach Sch. EIC. If you have nontaxable combat pay, see instructions. b Additional child tax credit. Attach Schedule 8812 18b c American opportunity credit from Form 8863, line 8 18C d Schedule 3, line 14 18d e Add lines 18a through 18d. These are your total other payments and refundable credits 18e 19 Refund 20 19 Add lines 17 and 18e. These are your total payments 20 If line 19 is more than line 16, subtract line 16 from line 19. This is the amount you overpaid ... 21a Amount of line 20 you want refunded to you. If Form 8888 is attached, check here b Routing number c Type: Checking Savings II 21a Direct deposit? See instructions. d Account number 22 Amount of line 20 you want applied to your 2020 estimated tax ... 22 23 Amount Amount you owe. Subtract line 19 from line 16. For details on how to pay, see instructions Estimated tax penalty (see instructions) ..... 24 23 You Owe 24 Third Party Do you want to allow another person (other than your paid preparer) to discuss this return with Yes. Complete below. Designee the IRS? See instructions. No (Other than paid preparer) Designee's name Phone no. Personal identification number (PIN) Sign Here Under penalties of perjury, I declare that I have examined this return and accompanying schedules and statements, and to the best of my knowledge and belief, they are true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge. Your signature Date Your occupation If the IRS sent you an Identity Protection PIN, enter it here Butcher (see inst.) Joint return? See instructions. Keep a copy for your records. Spouse's occupation Spouse's signature. If a joint Date return, both must sign. If the IRS sent your spouse an Identity Protection PIN, enter here Homemaker (see inst.) Phone no. Email address Preparer's name Preparer's signature Date PTIN Paid Check if: Firm's name Phone no. 3rd Party Designee Preparer Use Only Self-employed Firm's address Firm's EIN Go to www.irs.gov/ Form 1040 for instructions and the latest information. Form 1040 (2019)