Jim Halpert is married to Pam and they have 3 children, Adam 13, Hank 9, and Jonathan 5. Jim and Pam both work for Dunder Mifflin. They live at 1725 Slough Avenue, Scranton PA 18501. Jim had wages of 95,000 with 24,250 of federal withholdings. Pam wages were 82,500 with 20,700 of federal withholdings. Pam has a painting and drawing business. Pam has two investment accounts Wells Fargo and UBS and Jim has one investment account at Charles Schwab. Jim and pam rent out their old house to their friend Andy Bernard for the whole year. During the year Pam and Jim had 24,000 in medical expenses, state and local taxes 2,900, Real Estate taxes of 18,900, mortgage interest 48,000 with a principal mortgage of 1 million dollars and they purchased the house in 2022. 4,500 cash to charitable organizations. Jim had gambling winnings of 600. Wells Fargo Taxable Interest 11,000 TE Interest 3,000 Ordinary Dividends 9,800 25% was qualified ST Capital Losses -14,000 LT Capital Gains 8,000 UBS Ordinary Dividends 24,000 50% was qualified ST capital gains 8,700 LT capital gains 800 Charles Schwab Taxable interest 7,500 TE Interest 18,000 Ordinary Dividend 10,000 100% was Quailed Pam's Painting and Drawing LLC Income 79,850 Expenses Advertising 900 Accounting fees 2,500 Supplies 19,850 Meals 3,000 Insurance 600 Bank Fees 300 Training/Seminars 1,700 Rental Property located at 123 Scott Way, Scranton PA 18501 Income 30,000 Expenses Cleaning & Maintenance 1,200 Accounting Fees 1,500 Real estate taxes 8,000 Mortgage interest 7,800 Repairs 800 Insurance 1,500 Depreciation 4,500 Utilities 2,400 Please fill out all forms and schedules associated with the information above. Calculate QBI deduction; however, you do not need to worry about self-employment tax or different tax rates for qualified dividends. You need to calculate Adjusted Gross Income, determine if Jim and Pam will take the standard or itemized deduction. Calculate taxable income, total tax and whether they owe Tax or will be receiving a refund. If you have any questions, please reach out to your client (ME) to inquire additional information