Given the following information, fill out a tax Form 1040 in its entirety, in addition to a Schedule A & B:

Jack and Jill have been married for many years and plan to file a joint return for tax year 2016, as of the end of the tax year, Jack was 51 years old and Jill was 45 years old. They were both employees during 2016. The following information is available relative to their salaries, benefits and withholdings S60.000 365.000 Salary ealth insurance Jacks em ack fami deductible an: deductible is $6500 Contributions made by Jack' ealth Sawi s Account for the benefit a ack fami Diab aid b Jack' Disab aid by J State income tax withheld Local ax withheld S1.500 S6200 Federal income tax withheld FICA tax withheld They provide more than half of the support of their daughter, Pamela (age 25), who lives with them and is a full-time medical student. Pamela received a $25,000 scholarship in 2015, which covered her tuition, books and supplies of S10,000 for the fall 2015 and $10,300 for the spring 2016, at which time she graduated. They furnish allof the support of Belinda (Jack's grandmother, a German citizen), who is age 95 and lives in a nursing home in Canada. They also support Peggy (age 66), who is a friend ofthe family and es with them but is a citizen of Australia. Jack and Jill earned interest income on a savings account in the amount of $3,300 and received dividends from stock investments of $7,000 ($4,900 of which are qualified Jack and Jill were disabled for a short period during 2016 due to a car accident. During this period, Jack received $5,000 under his disability plan, and Jill received $3,5po under her disability plan The car that was damaged in the accident had a fair market value before the accident of $22,000 and after the accident of $0. Jack and Jill had paid $30,000 for the car a few years ago. The insurance company paid $2,000 on the claim during 2016 Jack and Jill received a refund of state income taxes for the tax year 2015, during 2016 for $1,200. Instead of taking the refund, Jack and Jill decided to have the amount applied to their 2016 state income tax obligation. Jack and Jill itemized their deductions in 2015 n the amount of $12,600 Property taxes on their home for 2016 were $10,000 In early January 2016 Jill made a loan to her sister for $95,000. Jill charged her sister interest of only 296, when the federal rate was 5%. Her sister used the money to purchase a home. Use semi-annual interest compounding. The sister had investment income of $1,800 for 2016 Jack and Jill had lent a friend S10,000 three years ago. The friend had repaid $2,000, leaving a balance of $8,000. The friend is going through bankruptcy and prior to 2016, believed that Jack and Jill will recover $0.40 per $1.00. In January 2016, the bankruptcy proceedings were finalized, and Jack and Jill received $0.35 per $1.00 Jack and Jill sold some investments during 2016 Purchase date sale date cost Praceeds 1244 A 211/2015 715/2016 28,000 20,000 1244 B 214/2008 819/2016 000 000 Jack and Jill have been married for many years and plan to file a joint return for tax year 2016, as of the end of the tax year, Jack was 51 years old and Jill was 45 years old. They were both employees during 2016. The following information is available relative to their salaries, benefits and withholdings S60.000 365.000 Salary ealth insurance Jacks em ack fami deductible an: deductible is $6500 Contributions made by Jack' ealth Sawi s Account for the benefit a ack fami Diab aid b Jack' Disab aid by J State income tax withheld Local ax withheld S1.500 S6200 Federal income tax withheld FICA tax withheld They provide more than half of the support of their daughter, Pamela (age 25), who lives with them and is a full-time medical student. Pamela received a $25,000 scholarship in 2015, which covered her tuition, books and supplies of S10,000 for the fall 2015 and $10,300 for the spring 2016, at which time she graduated. They furnish allof the support of Belinda (Jack's grandmother, a German citizen), who is age 95 and lives in a nursing home in Canada. They also support Peggy (age 66), who is a friend ofthe family and es with them but is a citizen of Australia. Jack and Jill earned interest income on a savings account in the amount of $3,300 and received dividends from stock investments of $7,000 ($4,900 of which are qualified Jack and Jill were disabled for a short period during 2016 due to a car accident. During this period, Jack received $5,000 under his disability plan, and Jill received $3,5po under her disability plan The car that was damaged in the accident had a fair market value before the accident of $22,000 and after the accident of $0. Jack and Jill had paid $30,000 for the car a few years ago. The insurance company paid $2,000 on the claim during 2016 Jack and Jill received a refund of state income taxes for the tax year 2015, during 2016 for $1,200. Instead of taking the refund, Jack and Jill decided to have the amount applied to their 2016 state income tax obligation. Jack and Jill itemized their deductions in 2015 n the amount of $12,600 Property taxes on their home for 2016 were $10,000 In early January 2016 Jill made a loan to her sister for $95,000. Jill charged her sister interest of only 296, when the federal rate was 5%. Her sister used the money to purchase a home. Use semi-annual interest compounding. The sister had investment income of $1,800 for 2016 Jack and Jill had lent a friend S10,000 three years ago. The friend had repaid $2,000, leaving a balance of $8,000. The friend is going through bankruptcy and prior to 2016, believed that Jack and Jill will recover $0.40 per $1.00. In January 2016, the bankruptcy proceedings were finalized, and Jack and Jill received $0.35 per $1.00 Jack and Jill sold some investments during 2016 Purchase date sale date cost Praceeds 1244 A 211/2015 715/2016 28,000 20,000 1244 B 214/2008 819/2016 000 000