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(For tax calculations, use tables below) Fill in the table below, using the information on the handout, based on what is best for the client.
(For tax calculations, use tables below) Fill in the table below, using the information on the handout, based on what is best for the client. Assume that Stark, age 37 , lives with her children Sam (age 15), Jack (age 6), and Kyla (age 7), with all ages as of 12/31/2022. Assume she provides for their living expenses. Stark became a widow in 2018 . Assume tax laws in 2022 Line numbers refer to the 2022 version of the 1040 form posted below. Use reasonable assumptions about the best method for her to file her federal income taxes for 2022 . If no information is provided on this handout for an item needed on the return, assume that it is zero, e.g., no contribution to an IRA because not listed on the handout. Stark's Box 1 wages in 2022=$100,000. Federal income tax withholding =$10,000 Taxable interest income =$10,000 Proceeds from life insurance policy on her late husband =$1,000,000 Contributions to charity in 2022=$5,000 2022 Federal Income Tax Schedules 2022 Basic standard deduction amounts \begin{tabular}{|ccc|} \hline Filing Status & Basic & Additional \\ Married filing jointly & $25,900 & $1,400 \\ Single & $12,950 & $1,750 \\ Head of household & $19,400 & $1,750 \\ Married filing separately & $12,950 & $1,400 \\ \hline \end{tabular}
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