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Individual Tax Return Problem 5 Required: Facts: Use the following information to complete Armando and Lourdes Gonzales's 2020 federal income tax return. If any

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Individual Tax Return Problem 5 Required: Facts: Use the following information to complete Armando and Lourdes Gonzales's 2020 federal income tax return. If any information is missing, use reasonable assumptions to fill in the gaps. Any required forms, schedules, and instructions can be found at the IRS website (IRS Website). The instructions can be helpful in completing the forms. 1. Armando Z. and Lourdes K. Gonzales are married and file a joint return. Armando is self-employed as a dentist, and Lourdes is a college professor. Armando and Lourdes have three children. The oldest is Ricardo, who lives at home. Ricardo is a law student at the University of Cincinnati and worked part time during the year, earning $1,500, which he spent for his own support. Armando and Lourdes provided $6,000 toward Ricardo's support (including $4,000 for Ricardo's fall tuition). They also provided over half the support of their daughter, Selena, who is a full-time student at Edgecliff College in Cincinnati. Selena worked part time as an independent contractor during the year, earning $3,200. Selena lived at home until she was married in December 2020. She filed a joint return with her husband, Tony, who earned $30,000 during the year. Felipe is the youngest and lived in the Gonzales's home for the entire year. The Gonzaleses provide you with the following additional information: . . Armando and Lourdes would like to take advantage on their return of any educational expenses paid for their children. The Gonzaleses do not want to contribute to the presidential election campaign. The Gonzaleses live at 621 Franklin Avenue, Cincinnati, Ohio 45211. Armando's birthday is 3/5/1968 and his Social Security number is 333-45-6666. Lourdes's birthday is 4/24/1970 and her Social Security number is 566-77-8888. Ricardo's birthday is 11/6/1997 and his Social Security number is 576-18-7928. Selena's birthday is 2/1/2001 and her Social Security number is 575-92-4321. Felipe's birthday is 12/12/2008 and his Social Security number is 613-97-8465. The Gonzaleses do not have any foreign bank accounts or trusts. 2. Lourdes is a part-time lecturer at Xavier University in Cincinnati, where she earned $30,000. The university withheld federal income tax of $3,375, state income tax of $900, Cincinnati city income tax of $375, $1,860 of Social Security tax, and $435 of Medicare tax. She also worked part of the year for Delta Airlines. Delta paid her $10,000 in salary, and withheld federal income tax of $1,125, state income tax of $300, Cincinnati city income tax of $125, Social Security tax of $620, and Medicare tax of $145.

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