Instructions Form 1040 Schedule 1 Schedule A Form 4684 Tax Table Instructions Comprehensive Problem 5-2A Bea Jones (birthdate March 27, 1984) moved from Texas to Florida in December 2018. She lives at 654 Ocean Way, Gulfport, FL 33707. Bea's Social Security number is 466-78-7359 and she is single. Her earnings and income tax withholding for 2019 for her job as a manager at a Florida shrimp processing plant are: $44,000 Earnings from the Gulf Shrimp Co. Federal income tax withheld State income tax withheld 4,600 0 Bea's other income includes interest on a savings account at Beach National Bank of $1.200 and $500 per month alimony from her ex-husband in accordance with their August 2011 divorce decree. Bea's employer operates a 401(k) plan, and although she is eligible, Bea does not participate During 2019, Bea paid the following amounts (all of which can be substantiated): $8.800 2.300 820 Home mortgage interest (1098 not shown) Auto loan interest State sales tax Property taxes on personal residence Unreimbursed hospital bills Doctor bills 3,233 3.275 2.612 2.21 Doctor bills 2,612 Other deductible medical expenses 720 600 Income tax preparation fee Job-hunting expenses Contribution to IRA 925 2,300 In September 2019, Tropical Storm Yuri struck Gulfport and a tree fell on Bea's home. Bea acquired the home in February 2012 for $110,000. The FMV of her home before the storm was $117,800. The estimated loss in market value from damage was equal to her repair charge of 57.800. The damage caused by TS Yuri was declared a federal disaster (code EM-1212). Bea's deductible was quite high and her insurance company only reimbursed her $1,200. Required: Complete Bea's Form 1040 and Schedules 1, A and Form 4684. Bea had health coverage for the entire year and does not want to make a contribution to the presidential election campaign. Make realistic assumptions about any missing data. Enter all amounts as positive numbers. If an amount box does not require an entry or the answer is zero, enter "0". If required round any dollar amount to the nearest dollar. 2019 Tax Table See the instructions for the 12a to see you must use the Sample Table Tax Table below to figure your tax. Single Marie Marie ||| Example. Mr. and Mrs. Brown are filing a joint return. Their taxable income on Form 1040, line 11b, Is $25,300. First, they find the $25,300-25,350 taxable income line. Next, they find the column for married filing jointly and read down the column. The amount shown where the taxable income in and Fling status column meet $ $2,651. This is the tax amount they should enter in the entry space on Form 1040. No 122 16 (taxable Income And you are (taxable income And you are table Income Marted Head | PTT = =" Your Your Yours 1,000 2,000 imn6 d 14 mmmmmm 5 35 Futi lank Assemb --- Your taxis Single income) - 2,000 least Married - Your taxis 1,000 = Income) is .. *=========== *== eptember Your taxi = AM #PA *=========== Income) Complete Bea's Schedule A. OMB No. 1545-0074 SCHEDULE A Itemized Deductions (Form 1040 or 1040-SR) Go to www.irs.gov/Schedule for instructions and the latest information. 2019 Department of the Treasury Attach to Form 1010 or 1040-SR. Attachment Internal Revenue Service (99) Caution: If you are claiming a net qualified disaster loss on Form 4684, see the instructions for line 16. Sequence No. 07 Name(s) shown on Form 1040 or 1040-SR Your social security number Bea Jones 466-78-7359 Caution. Do not include expenses reimbursed or paid by others. Medical 1 Medical and dental expenses (see instructions) and 2 Entry amount from Form 1040 or 1040- SR, line 8b 2 Dental 3 Multiply line 2 by 10% (0.10). Expenses 4 Subtract line 3 from line 1. If line 3 is more than line 1, enter -0. Taxes You 5 State and local taxes a State and local income taxes or general sales taxes. You may include Paid either income taxes or general sales taxes on line 5a, but not both. If you elect to include general sales taxes instead of income taxes, check this box ....... 3 sh b. State and local real estate taxes (see instructions Check My Work Submit Email instructor Save and Edit SCHEDULE 1 OMB No. 1545-0074 (Form 1040 or 1040-SR) Additional Income and Adjustments to Income 2019 Department of the Treasury Attach to Form 1040 or 1010 SR. Attachment Internal Revenue Service Go to www.irs.gov/Form 1040 for instructions and the latest information. Sequence No. 01 Name(s) shown on Form 1040 or 1040-SR Your social security number Bea Jones 466-78-7359 Part I Additional Income 1 Taxable refunds, credits, or offsets of state and local income taxes 2a 2a Alimony received Date of original divorce or separation agreement (see instructions) b 1 3 4 4 5 Business income or loss). Attach Schedule c.. Other gains or losses). Attach Form 4797....... Rental real estate, royalties, partnerships, S corporations, trusts, etc. Attach Schedule E Farm income or (loss). Attach Schedule F. Unemployment compensation .. Other income. List type and amount 6 6 7 7 8 9 9 Combine lines 1 through 8. Enter here and on Form 1040 or 1040-SR, line 7a. Adictments to Tnrnme LUC Age/Blindness Spouse: None (2) Social security number Dependents (see instructions): (1) First name Last name (3) Relationship to you (1) Vif qualifies for (see instructions): Child tax credit Credit for other dependents a D D 0 1 1 Wages, salaries, tips, etc. Attach Form(s) W-2. 44,000 46,200 X Standard Deduction for- Single or Married filing separately. $12,200 Married filing jointly or Qualifying widow(er), $24,400 Head of household, $18,350 If you checked b 2a Tax-exempt interest .. Taxable interest. Attach Sch. B 2a if required 2b b 3a Qualified dividends ... Ordinary dividends. Attach Sch. 3a B if required 3 4a IRA distributions ... 4a b Taxable amount 4b 4c d C Pensions and annuities 4d Taxable amount 5a Sa Social security benefits b Sb Taxable amount 6 6 Capital gain or loss). Attach Schedule D if required. If not required, check here 7a 7a Other income from Schedule 1, line 9 7b b Add lines 1, 2, 3, 4, 4d, Sb, 6, and 7a. This is your total income Ba Ba Adjustments to income from Schedule 1, line 22.. b Subtract line 8a from line 7b. This is your adjusted gross income 7,200 2,500 X Bb 50,100 Check My Work Email Instructor Save and Exit Submit Assignment for Comprehensive Problem 5-2A Bea Jones (birthdate March 27, 1984) moved from Texas to Florida in December 2018. She lives at 654 Ocean Way, Gulfport, FL 33707. Bea's Social Security number is 466-78-7359 and she is single. Her earnings and income tax withholding for 2019 for her job as a manager at a Florida shrimp- processing plant are: 4,600 0 Earnings from the Gulf Shrimp Co. $44,000 Federal income tax withheld State income tax withheld Bea's other income includes interest on a savings account at Beach National Bank of $1,200 and $600 per month alimony from her ex-husband in accordance with their August 2011 divorce decree. Bea's employer operates a 401(k) plan, and although she is eligible, Bea does not participate. During 2019, Bea paid the following amounts (all of which can be substantiated): $8,800 Home mortgage interest (1098 not shown) Auto loan interest 2,300 820 State sales tax 3,233 Property taxes on personal residence Check My Work Property taxes on personal residence Unreimbursed hospital bills 3,233 3,275 Doctor bills 2,612 Other deductible medical expenses 720 Income tax preparation fee Job-hunting expenses 600 925 Contribution to IRA 2,300 In September 2019, Tropical Storm Yuri struck Gulfport and a tree fell on Bea's home. Bea acquired the home in February 2012 for $110,000. The FMV of her home before the storm was $117,800. The estimated loss in market value from damage was equal to her repair charge of $7,800. The damage caused by TS Yuri was declared a federal disaster (code EM-1212). Bea's deductible was quite high and her insurance company only reimbursed her $1,200. Required: Complete Bea's Form 1040 and Schedules 1, A and Form 4684. Bea had health coverage for the entire year and does not want to make a contribution to the presidential election campaign. Make realistic assumptions about any missing data. Enter all amounts as positive numbers. If an amount box does not require an entry or the answer is zero, enter "0". If required round any dollar amount to the nearest dollar. eBook Calculator Print Item 1040 U.S. Individual Income Tax Return 2019 OMB No. 1545-0074 IRS Use Only Filing Status Single Your first name and middle initial Last name Your social security number Bea Jones 466-78-7359 If joint return, spouse's first name and middle initial Last name Spouse's social security number Home address (number and street). If you have a P.O. box, see instructions. Apt. no. Presidential Election 654 Ocean Way Campaign Check here if you, or your spouse if filing jointly, want $3 to go to City, town or post office, state, and ZIP code. If you have a foreign address, also complete spaces below this fund. Checking a box below (see instructions). will not change your tax or Gulfport, FL 33707 refund. None Foreign province/State/county Foreign postal code if more than four dependents, see Foreign country name instructions and / here Standard Deduction Someone can claim: None Age/Blindness You: None Spouse: None (2) Social security number (3) Relationship to you (4) / if qualifies for (see instructions): Child tax credit Credit for other dependents Dependents (see instructions): (1) First name Last name Dependents (see instructions): (2) Social security number (3) Relationship to you (4) If qualifies for (see instructions): (1) First name Last name Child tax credit Credit for other dependents O O 1 Wages, salaries, tips, etc. Attach Form(s) W-2 1 44,000 b 2a Tax-exempt interest.. 2 2b 46,200 X b Taxable interest. Attach Sch. B if required Ordinary dividends. Attach Sch. B if required Taxable amount 3a Qualified dividends ... 3b 4a IRA distributions .... 4a b 4b 40 b 5b C Pensions and annuities 4c d Taxable amount 5a Social security benefits Sa Taxable amount Capital gain or loss). Attach Schedule D if required. If not required, check here 6 6 Standard Deduction for- Single or Married filing separately, $12,200 Married filing jointly or Qualifying widow(er), $24,400 Head of household, $18,350 . If you checked any box under Standard 7a 7,200 7a Other income from Schedule 1, line 9. 7b b Add lines 1, 2, 3, 4b, 40, 5b, 6, and 7a. This is your total income 2,500 x 3 Bb 50,100 Ba Adjustments to income from Schedule 1, line 22 b Subtract lines from line 7b. This is your adjusted gross income Standard deduction or itemized deductions (from 9 b 8b 50,100 9 9 Book Calculator Print Item If you checked Subtract line 8a from line 7b. This is your adjusted gross income any box under Standard Standard deduction or itemized deductions (from Deduction, see Schedule A).. instructions. 10 Qualified business income deduction. Attach Form 8995 or Form 8995-A.... 11a Add lines 9 and 10. b Taxable income. Subtract line 11a from line 8b. For Disclosure, Privacy Act, and Paperwork Reduction Act Notice, see separate instructions. 10 11a 17,068 X 11b 33,032 X Cat. No. 11320B Form 1010 (2019) 466-78-7359 Bea Jones Form 1040 (2019) Page 2 953 12a Tax (see inst.) Check if any from Form(s): 1 8814 2 04972 30 12a 12b 2,821 X b Add Schedule 2, line 3, and line 12a and enter the total 13a > 13b 13a Child tax credit or credit for other dependents b Add Schedule 3, line 7, and line 13a and enter the total 14 Subtract line 13b from line 12b. If zero or less, enter -- 14 15 III 15 16 Other taxes, including self-employment tax, from Schedule 2. line 10. Add lines 14 and 15. This is your total tax 16 12 17 Federal income tax withheld from Forms W-2 and 1099 18 Other payments and refundable credits: IR If you have a qualifying child Farnost in marerit eBook Calculator Print Item 14 15 16 17 17 14 Subtract line 13b from line 12b. If zero or less, enter -0- 15 Other taxes, induding self-employment tax, from Schedule 2, line 10 16 Add lines 14 and 15. This is your total tax Federal income tax withheld from Forms W-2 and 1099 . If you have a 18 Other payments and refundable credits: qualifying child, attach Sch. EIC. a Earned income credit (EIC). 18a If you have b Additional child tax credit. Attach Schedule 8812 18b nontaxable combat pay, see C American opportunity credit from Form 8863, line 8 18c instructions. d Schedule 3, line 14 180 e Add lines 18a through 18d. These are your total other payments and refundable credits .. Add lines 17 and 18e. These are your total payments. 20 If line 19 is more than line 16, subtract line 16 from line 19. This is the amount you Refund overpaid 21a Amount of line 20 you want refunded to you. If Form 8888 is attached, check here Direct deposit? Routing number c Type: Checking Savings See instructions. d Account number 22 Amount of line 20 you want applied to your 2020 estimated 22 18e 19 19 20 210 tax- 23 Amount you owe. Subtract line 19 from line 16. For details on how to pay, see instructions 23 Amount Check My Work Email instructor Save and Exit Submit Assignin eBook Calculator Print Item SCHEDULET UMNO. IN UUTA (Form 1040 or 1040 SR) Additional Income and Adjustments to Income 2019 Department of the Treasury Attach to Form 1040 or 1040-SR. Attachment Internal Revenue Service Go to www.irs.gov/Form 1040 for instructions and the latest information. Sequence No. 01 Name(s) shown on Form 1040 or 1040-SR Your social security number Bea Jones 466-78-7359 Part I Additional Income 1 1 Taxable refunds, credits, or offsets of state and local income taxes 2a 2a Alimony received .. Date of original divorce or separation agreement (see instructions) b 3 3 4 4 5 5 Business income or loss). Attach Schedule C. Other gains or losses). Attach Form 4797......... Rental real estate, royalties, partnerships, Scorporations, trusts, etc. Attach Schedule E Farm income or (loss). Attach Schedule F Unemployment compensation. Other income. List type and amount 0 6 7 7 8 8 o Part II 9 Combine lines 1 through 8. Enter here and on Form 1040 or 1040-SR, line 7 Part II Adjustments to Income 10 Educator expenses. 10 Calculator Print Item 12 13 14 15 16 12 Health savings account deduction. Attach Form 8889 13 Moving expenses for members of the Armed Forces. Attach Form 3903 14 Deductible part of self-employment tax. Attach Schedule SE. 15 Self-employed SEP, SIMPLE, and qualified plans 16 Self-employed health insurance deduction 17 Penalty on early withdrawal of savings. 18a Alimony paid... b Recipient's SSN c Date of original divorce or separation agreement (see instructions) 19 IRA deduction ...... 17 18a 19 20 20 Student loan interest deduction 21 21 Reserved for future use. 22 Add lines 10 through 21. These are your adjustments to income. Enter here and on Form 1040 or 1040-SR. line Ba. 22 For Paperwork Reduction Act Notice, see your tax return instructions. Cat. No. 71479F Schedule 1 (Form 1040 or 1040-SR) 2019 Feedback em Complete seas Schedule A. SCHEDULE A Itemized Deductions OMB No. 1545-0074 (Form 1040 or 1040-SR) Go to www.irs.gov/Schedule for instructions and the latest information. 2019 Department of the Treasury Attach to Form 1040 or 1040-SR. Caution: If you are claiming a net qualified disaster loss on Form 4684, see the Attachment Internal Revenue Service (99) instructions for line 16. Sequence No. 07 Name(s) shown on Form 1040 or 1040-SR Your social security number Bea Jones 466-78-7359 Caution. Do not include expenses reimbursed or paid by others. Medical 1 Medical and dental expenses (see instructions). and 2 Enter amount from Form 1040 or 1040- SR, line 8b 2 Dental 3 Multiply line 2 by 10% (0.10). 3 Expenses 4 Subtract line 3 from line 1. If line 3 is more than line 1, enter-O- Taxes You 5 State and local taxes Paid a State and local income taxes or general sales taxes. You may include either income taxes or general sales taxes on line 5a, but not both. If you elect to include general sales taxes instead of income taxes, 5a check this box..... 5b b State and local real estate taxes (see instructions) 5c c State and local personal property taxes Calculator Print Item 5b 5c b State and local real estate taxes (see instructions) c State and local personal property taxes. d Add lines 5a through Sc..... e Enter the smaller of line 5d or $10,000 ($5,000 if married filing separately). 6 Other taxes. List type and amount 5d Se 7 Add lines 5e and 6. 7 est Paid 8 Home mortgage interest and points. If you didn't use all of your home mortgage loan(s) to buy, build, or improve your home, see instructions and check this box ........ a Home mortgage interest and points reported to you on Form 1098. See instructions if limited b Home mortgage interest not reported to you on Form 1098. If paid to the person from whom you bought the home, see instructions and show that person's name, identifying no., and address n: mortgage - on may ced (see tions). 8a 8b c Points not reported to you on Form 1098. See instructions for special rules 8c 8d d Reserved e Add lines sa through 8c. ork SULIUOSE 9 10 Bb c Points not reported to you on Form 1098. See instructions for special rules 8c d Reserved 8d e Add lines 8a through 8. Be 9 Investment interest. Attach Form 4952 if required. See instructions. 10 Add lines 8e and 9... Gifts to 11 Gifts by cash or check. If you made any gift of $250 or more, Charity see instructions 11 Caution: If you 12 Other than by cash or check. If you made any gift of $250 or more, made a gift and see instructions. You must attach Form 8283 if over $500. 12 got a benefit for 13 Carryover from prior year.. 13 it, see instructions. 14 Add lines 11 through 13. Casualty and 15 Casualty and theft loss(es) from a federally declared disaster (other than net qualified disaster Theft Losses losses). Attach Form 4684 and enter the amount from line 18 of that form. See instructions Other 16 Other-from list in instructions. Ust type and amount Itemized Deductions Total 17 Add the amounts in the far right column for lines 4 through 16. Also, enter this amount on Form 1040 or 1040-SR, line 9...... 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