Jacob and Julissa have hired you to complete their 2020 Form 1040. They file married jointly and live on 400 Bizzell Street College Station, TX 77843. Both of their Social Security Numbers are 123-45-6789. They have a 12 year old son, Nathan, whose Social Security Number is 987-65-4321 and qualifies for the child tax credit. Jacob has taxable wages of $50,000 and Julissa has taxable wages of $50,000. Jacob has income tax withholding of $4,500 from his wages and Julissa has $4,500 of income tax withholding from her wages. They have interest income from their checking account of $3,250 and dividend income from their brokerage account of $4,000 (none of the dividends are qualified). Their itemized deductions include $12,000 of property taxes paid, $2,000 of sales tax paid, $5,000 of mortgage interest (all of which is deductible) and charitable contributions of $2,000. FILL OUT A 2020 FORM 1040 AS THE ASSIGNMENT.