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Hi, I am wondering if I can get a computation of this problem. Thanks! Lance H and Wanda B are married and live at 431

Hi, I am wondering if I can get a computation of this problem. Thanks!image text in transcribed

Lance H and Wanda B are married and live at 431 Drive Santa Fe NM 87501. Lance works for the convention bereau of the local Chamber of commerce, while Wanda is employed part time as a para legal for a law firm. During 2015, had the following receipts. Wanda was previously married to John Allen. When they divorced several years ago, Wanda was awarded custody of their two children, Penny and Kyle. Under the divorce decree, John was obligated to pay alimony and child support the alimony payments were to terminate if Wanda remarried. In July, while going to lunch in downtown Santa Fe, Wanda was injured by a tour bus. As the driver was clearly at fault, the owner of the bus, Roadrunner Touring Company, paid her medical expenses including a one week stay in a hospital. To avoid a lawsuit, Roadrunner also transferred $90,000 to her in settlement of the personal injuries she sustained. The life insurance policy was taken out by Lance several years ago and designates Wanda as the beneficiary. As a part time employee, Wanda is excluded from coverage under her employer's pension plan. Consequently, she provides for her own retirement with a traditional IRA obtained at a local trust company. Because the mayor is a member of the local Chamber of Commerce, LAnce felt compelled to make the political contribution. The Dean's household includes the following, for whom they provide more than half of the support: Penny graduated from high school on May 9, 2015, and is undecided about college. During 2015, she earned $8, 500 placed in a savings account playing a harp in the lobby of a local hotel. Wayne is Wanda's windower father who dies on January 20, 2015. For the past few years, Wayne qualified as a dependent of the Deans. Federal income tax withheld is $5, 200 (Lance) and $3, 100 (Wand). The proper amount of social Security and Medicare tax was withheld. Determine the Federal income tax for 2015 on a joint return by completing the appropriate forms. they do not want to contribute to the Presidential Election Campaign Fund. All members of the family had health care coverage for all of 2015. If an overpayment results, it is to be refunded to them. Suggested software

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