Jeremy and Alyssa Johnson have been married for five years and do not have any children together. Currently, Jeremy and Alyssa live in Jeremys parents basement and do not pay any rent. Jeremy was married previously and has one child from this marriage, the child does not live with them. Jeremy is an up and coming YouTube sensation and in January 2019 opened his own studio Located at 2751 Detroit Blvd, Milton, Fl, 32570 (which happens to also be in his parents basement) and calls his business SlimStation Studios. For the 2019 tax year, Jeremy reported the following income and expenses connected with his business:

Income from sales of vidoes $25,000

Expenses

Supplies 1,800

Liability insurance 5,000

Travel (including 1,200 of meals) 3,500

Also connected to his business, Jeremy purchased and placed in service the following fixed assets. Since this is the first year of business, Jeremy does not want to elect Section 179 expense or take bonus depreciation on these assets.

Furniture costing $21,000 on January 10^th.

Computer equipment costing $12,400 on July 28^th.

In addition to Jeremys budding YouTube career, for the first two months of 2019 Alyssa worked for Office Depot as an employee. In March, Alyssa accepted a new job with Super Toys, Inc. (ST) where she worked for the remainder of the year. The following information further relates to the 2019 tax year;

a. Alyssa earned $6,000 in salary while working for Office Depot and $34,000 in salary while working for Super Toys.

b. As a salesperson, Alyssa incurred $2,000 in travel expenses related to her employment that were not reimbursed by her employer.

c. The Johnsons own a piece of raw land held as an investment. They paid $500 of real property taxes on the property.

d. The Johnsons own a rental home (a real point of contention between Jeremy and his parents) and received $10,000 of rental income. Additionally, they incurred $2,000 for property taxes, $3,500 for mortgage interest, $500 for advertising, and $2,500 for repairs.

f. Jeremy paid $4,500 for health insurance coverage for himself (not through an exchange) while Alyssa was covered by health plans provided by her employer, Jeremy is not eligible for the plan until next year.

g. Jeremy paid $5,000 in alimony and $3,000 in child support from his prior marriage (divorce decree executed in 2014).

Assume that Jeremy and Alyssa did not have any federal income tax withheld and also did not make any estimated payments toward there tax liability.

For all identifying information, e.g. Social Security numbers or address, create fictitious information.

Using TaxSlayer software, compute Johns 2019 Federal income tax payable (or refund due) and complete form 1040 (including supporting schedules).