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Jamie and Cecilia Reyes are husband and wife and fite a joint return. They live at 5677 Aople Cove Road, Boise, 1083722 . Jamie s
Jamie and Cecilia Reyes are husband and wife and fite a joint return. They live at 5677 Aople Cove Road, Boise, 1083722 . Jamie s social security number is 412.345670 (date of birth 6/15/1971 ) and Cecilia's is 412-34-5671 (date of birth 4/12/1973). They provide more than half of the support of their daughter, Carmen (age 23), social security number 412345672 (date of birth 9/1997), who is a full-time veterinarian school student. Cammen received a $3,200 scholarship covering some of her tuition at college. She was not required to perform any services to receive the scholarship. Jamie and Cecilia furnish all of the support of Maria (Jamie's mother), social security number 412-34-5673 (date of birth 11/6/1950), who is age 70 and lives in a nursing home. They also have a son, Gustavo (age 4), social security number 41234 5674 (date of birth 3/14/2016 ) Jamie's W-2 contained the following information: Federal Wages ( box 1) =145,625,00 488850 Federal W/A (box 2)=$75,112,35 Social Seeurity wages (box 3) 12043? =137,700,00 Social Socurity N/A(b0xA)=$8,537,40 Nedicare Wages ( box 5) =145,625,00 Nedicare N/A( box 6)=$2,121.56 State Nages ( box 16)=145,625,00 State W/B( box 17) =$5,435,00 Other receipts for the couple were as follows: Dividends (a11 qualified dividends) (Sh, b) Interest income: Union Bank S Bh b State of Idaho-interest on tax refund City of Boise school bonds Interest from U.S. savings bonds (not used for educational purposes) 2019 federal income tax refund received in 2020 2019 state income tax refund received in 2020 Idaho lottery winnings Casino slot machine winnings Gambling losses at casino . Other information that the Reyeses provided for the 2020 tax year: 10401040Pg2senIsenAsenB Quai,6ud Dividend Required: Prepare a Form 1040 and appropriate schedules for the completion of the Reyes's tax return. They do not want to contribute to the presidential election campaign and do not want anyone to be a third-party designee. For any missing information, make reasonable assumptions. (List the names of the taxpayers and any income they receive in the order in which they appear in the problem. Enter the required information in the Dependents section in a chronological order of "Dependent's social security number". Input all the values as positive numbers unless otherwise stated in the forms. Instructions can be found on certain cells within the forms. Round your final answers to the nearest whole dollar amount. Do not skip rows while entering in Deductions section of Form 1040 PG1 and in Interest section of Schedule B.) Use the appropriate Tax Tables and Tax Rate Schedules. Jamie and Cecilia Reyes are husband and wife and fite a joint return. They live at 5677 Aople Cove Road, Boise, 1083722 . Jamie s social security number is 412.345670 (date of birth 6/15/1971 ) and Cecilia's is 412-34-5671 (date of birth 4/12/1973). They provide more than half of the support of their daughter, Carmen (age 23), social security number 412345672 (date of birth 9/1997), who is a full-time veterinarian school student. Cammen received a $3,200 scholarship covering some of her tuition at college. She was not required to perform any services to receive the scholarship. Jamie and Cecilia furnish all of the support of Maria (Jamie's mother), social security number 412-34-5673 (date of birth 11/6/1950), who is age 70 and lives in a nursing home. They also have a son, Gustavo (age 4), social security number 41234 5674 (date of birth 3/14/2016 ) Jamie's W-2 contained the following information: Federal Wages ( box 1) =145,625,00 488850 Federal W/A (box 2)=$75,112,35 Social Seeurity wages (box 3) 12043? =137,700,00 Social Socurity N/A(b0xA)=$8,537,40 Nedicare Wages ( box 5) =145,625,00 Nedicare N/A( box 6)=$2,121.56 State Nages ( box 16)=145,625,00 State W/B( box 17) =$5,435,00 Other receipts for the couple were as follows: Dividends (a11 qualified dividends) (Sh, b) Interest income: Union Bank S Bh b State of Idaho-interest on tax refund City of Boise school bonds Interest from U.S. savings bonds (not used for educational purposes) 2019 federal income tax refund received in 2020 2019 state income tax refund received in 2020 Idaho lottery winnings Casino slot machine winnings Gambling losses at casino . Other information that the Reyeses provided for the 2020 tax year: 10401040Pg2senIsenAsenB Quai,6ud Dividend Required: Prepare a Form 1040 and appropriate schedules for the completion of the Reyes's tax return. They do not want to contribute to the presidential election campaign and do not want anyone to be a third-party designee. For any missing information, make reasonable assumptions. (List the names of the taxpayers and any income they receive in the order in which they appear in the problem. Enter the required information in the Dependents section in a chronological order of "Dependent's social security number". Input all the values as positive numbers unless otherwise stated in the forms. Instructions can be found on certain cells within the forms. Round your final answers to the nearest whole dollar amount. Do not skip rows while entering in Deductions section of Form 1040 PG1 and in Interest section of Schedule B.) Use the appropriate Tax Tables and Tax Rate Schedules
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