$ Format Painter Number Alignment Styles Clipboard Font Picture 1 f BF e AF 1 1 AD 0 6 U V 5 D Prepare the Federal Form 1040 and all supporting schedule and all applicable schedules using the 2019 forms and tax rate schedules Apply the TCJA 2017. It is impotent that you read the forms and instruction, Jerry, 42 and Elsine 50, are married and he joint return. They have child, George who is 15 years. They live in New York City. They had the followng financial information ABC Bask XTEC Jerrysamed wages of $60,000 Jeys Federal withholding tax was $12.500 2010 Jerry's stals and city withholding tax was 15.000 and $1000, respectively + Elaine has her own law firm It had the following income and expenses for the year Legal Fees Earned 450.000 Wages paid to employees 175 000 60.000 7,500 ities 5.000 Political Contributions 3.500 Supplies and Stationary 2000 You will need to complete the Self Employment tax on Form SEN so, remember that the taxpayer may be ribed to deduction for Qualified Business Income Include the 1099 INT and 1099 DIV They earned 12.000 of municipal bond interest = 2 Their son George required surgery to repor his knee which cost 13.000. In addition they paid $1,450 in other medical expenses 31 Jerry sold 100 shares of Disney for $104 on May 1st He purchased the share for $78 a share on October 12.2015 4 Jerry sold 100 shares of Coke for $93. on Dec 31 He purchased share earlier in the year on Sept 19 for 5 detty inherited a ranch in Montana from Wa uncle. The house was valued at $250,000 at the date of death His unde orginally pad 135.000 for the house in 1937 Jerry and Elaine own a home that is their personal residence. They paid real estate laxes of $7900 for the yea 7 They made monthly principal and interest payments on the mortgage. The total interest paid during the year was 16 320 Elane made payments of $2,000 and $3,500 to make the Make A Wish Foundation and American Cancer Society, respectively Elan provide free legal service to her church she would have normally billed $8,500 for these services - Jerry made a contribution of 12.000 to an Indiviuda Febrement Account Elare made estimated Federal tax paymers that totaled 157000 during the year - Elanmads estimated State and City taxes paymerys that totaled $21000 The Man Wish Foundation Elaine's chuth and the American Cancer Society are qualified charitable organizations Agon indebtedness on the primary residence is $575.000 They did not have any foreign bank accounts and did not have any signing authority over any foreign accounts Narrative -16 fx B D E Prepare the Federal Form 1040 and all supporting schedule and all applicable schedules using the 2019 forms and tax rate schedules. Apply the TCJA 2017. It is impotent that you read the forms and instructions. Jerry, 42, and Elaine, 50, are married and file a joint return. They have 1 child, George, who is 15 years. They live in New York City. They had the following financial information: Jerry earned wages of $60,000. Jerry's Federal withholding tax was $12,500 Jerry's state and city withholding tax was $5,000 and $1,000, respectively. Elaine has her own law firm. It had the following income and expenses for the year. Legal Fees Eamed 450,000 Wages paid to employees 175,000 Rent 60,000 Insurance 7,500 Utilities 5,000 Political Contributions 3,500 Supplies and Stationary 2,000 You will need to complete the Self Employment tax on Form SE. Also, remember that the taxpayer may be entitled to deduction for Qualified Business Income. Include the 1099 INT and 1099 DIV 1) They earned $2,000 of municipal bond interest 2) Their son, George required surgery to repair his knee, which cost $3,000. In addition, they paid $1,450 in other medical expenses. 3) Jerry sold 100 shares of Disney for $104, on May 1st. He purchased the share for $78 a share on October 12, 2015. 4) Jerry sold 100 shares of Coke for $83, on Dec 31st. He purchased share earlier in the year on Sept. 19 for $125. 5) Jerry inherited a ranch in Montana from his uncle. The house was valued at $250,000 at the date of death. His uncle orginally 2 paid $35,000 for the house in 1937. 6) Jerry and Elaine own a home that is their personal residence. They paid real estate taxes of $7,900 for the year. 7) They made monthly principal and interest payments on their mortgage. The total interest paid during the year was $6,320. 518) Elaine made payments of $2,000 and $3,500 to make The Make A Wish Foundation and American Cancer Society, respectively. 6 9) Elain provide free legal service to her church. She would have normally billed $8,500 for these services. 710) Jerry made a contribution of $2,000 to an Indiviudal Retirement Account 11) Elaine made estimated Federal tax payments that totaled $57,000 during the year. 12) Elaine made estimated State and City taxes payments that totaled $21,000. Other Notes: 2 The Make a Wish Foundation, Elaine's churh and the American Cancer Society are qualified charitable organizations. Acquisition indebtedness on the primary residence is $575,000. They did not have any foreign bank accounts and did not have any signing authority over any foreign accounts #******* 35 2019 Dr. XYZ Core 1 2019 Interest Income ABC BANK : EJoys Key s $ Format Painter Number Alignment Styles Clipboard Font Picture 1 f BF e AF 1 1 AD 0 6 U V 5 D Prepare the Federal Form 1040 and all supporting schedule and all applicable schedules using the 2019 forms and tax rate schedules Apply the TCJA 2017. It is impotent that you read the forms and instruction, Jerry, 42 and Elsine 50, are married and he joint return. They have child, George who is 15 years. They live in New York City. They had the followng financial information ABC Bask XTEC Jerrysamed wages of $60,000 Jeys Federal withholding tax was $12.500 2010 Jerry's stals and city withholding tax was 15.000 and $1000, respectively + Elaine has her own law firm It had the following income and expenses for the year Legal Fees Earned 450.000 Wages paid to employees 175 000 60.000 7,500 ities 5.000 Political Contributions 3.500 Supplies and Stationary 2000 You will need to complete the Self Employment tax on Form SEN so, remember that the taxpayer may be ribed to deduction for Qualified Business Income Include the 1099 INT and 1099 DIV They earned 12.000 of municipal bond interest = 2 Their son George required surgery to repor his knee which cost 13.000. In addition they paid $1,450 in other medical expenses 31 Jerry sold 100 shares of Disney for $104 on May 1st He purchased the share for $78 a share on October 12.2015 4 Jerry sold 100 shares of Coke for $93. on Dec 31 He purchased share earlier in the year on Sept 19 for 5 detty inherited a ranch in Montana from Wa uncle. The house was valued at $250,000 at the date of death His unde orginally pad 135.000 for the house in 1937 Jerry and Elaine own a home that is their personal residence. They paid real estate laxes of $7900 for the yea 7 They made monthly principal and interest payments on the mortgage. The total interest paid during the year was 16 320 Elane made payments of $2,000 and $3,500 to make the Make A Wish Foundation and American Cancer Society, respectively Elan provide free legal service to her church she would have normally billed $8,500 for these services - Jerry made a contribution of 12.000 to an Indiviuda Febrement Account Elare made estimated Federal tax paymers that totaled 157000 during the year - Elanmads estimated State and City taxes paymerys that totaled $21000 The Man Wish Foundation Elaine's chuth and the American Cancer Society are qualified charitable organizations Agon indebtedness on the primary residence is $575.000 They did not have any foreign bank accounts and did not have any signing authority over any foreign accounts Narrative -16 fx B D E Prepare the Federal Form 1040 and all supporting schedule and all applicable schedules using the 2019 forms and tax rate schedules. Apply the TCJA 2017. It is impotent that you read the forms and instructions. Jerry, 42, and Elaine, 50, are married and file a joint return. They have 1 child, George, who is 15 years. They live in New York City. They had the following financial information: Jerry earned wages of $60,000. Jerry's Federal withholding tax was $12,500 Jerry's state and city withholding tax was $5,000 and $1,000, respectively. Elaine has her own law firm. It had the following income and expenses for the year. Legal Fees Eamed 450,000 Wages paid to employees 175,000 Rent 60,000 Insurance 7,500 Utilities 5,000 Political Contributions 3,500 Supplies and Stationary 2,000 You will need to complete the Self Employment tax on Form SE. Also, remember that the taxpayer may be entitled to deduction for Qualified Business Income. Include the 1099 INT and 1099 DIV 1) They earned $2,000 of municipal bond interest 2) Their son, George required surgery to repair his knee, which cost $3,000. In addition, they paid $1,450 in other medical expenses. 3) Jerry sold 100 shares of Disney for $104, on May 1st. He purchased the share for $78 a share on October 12, 2015. 4) Jerry sold 100 shares of Coke for $83, on Dec 31st. He purchased share earlier in the year on Sept. 19 for $125. 5) Jerry inherited a ranch in Montana from his uncle. The house was valued at $250,000 at the date of death. His uncle orginally 2 paid $35,000 for the house in 1937. 6) Jerry and Elaine own a home that is their personal residence. They paid real estate taxes of $7,900 for the year. 7) They made monthly principal and interest payments on their mortgage. The total interest paid during the year was $6,320. 518) Elaine made payments of $2,000 and $3,500 to make The Make A Wish Foundation and American Cancer Society, respectively. 6 9) Elain provide free legal service to her church. She would have normally billed $8,500 for these services. 710) Jerry made a contribution of $2,000 to an Indiviudal Retirement Account 11) Elaine made estimated Federal tax payments that totaled $57,000 during the year. 12) Elaine made estimated State and City taxes payments that totaled $21,000. Other Notes: 2 The Make a Wish Foundation, Elaine's churh and the American Cancer Society are qualified charitable organizations. Acquisition indebtedness on the primary residence is $575,000. They did not have any foreign bank accounts and did not have any signing authority over any foreign accounts #******* 35 2019 Dr. XYZ Core 1 2019 Interest Income ABC BANK : EJoys Key s