John and Martha Holloway are married filing jointly. They are 35 and 31 years old, respectively. Their address is 10010 Dove Street, Atlanta, GA 30294. Additional Information about Mr. and Mrs. Holloway is as follows: Social security number: John: 412-34-5678 Date of birth: 3/4/1985 W-2 for John shows these anounts: Wages (box 1) = Federal W/H (box 2) = Social Security wages (box 3) = Social security W/H (box 4) = Medicare wages (box 5) = Medicare WH (box 6) $ 22,200.ee $1,500.ee $ 22,000.ee $ 1,364.ee $ 22,880.ee $ 319.00 Social security number: Martha: 412-34-5671 Date of birth: 8/20/1999 W-2 for Martha shows these ancunts: Wages (box 1) = $ 35,580.80 Federal W/H (box 2) = $ 3,180.ee Social Security wages (box 3) = $ 35,500.ee Social security W/H (box 4) = $ 2,281.ee Medicare wages (box 5) = $ 35,560.ee Medicare W/H (box 6) = $ 514.75 Form 1099-DIV for Martha shows this amount: Box 1a and box 1b = $345.00 from MAR Brokerage. Form 1099-INT for Martha shows these amounts: Box 1 = $450.00 from ABC Bank. Box 4 = $35.00 John is a maintenance worker, and Martha Is a Human Resources Manager. Required: Prepare Form 1040 plus all the appropriate schedules and worksheets for Mr. and Mrs. Holloway for 2020. They want to contribute to the presidential election campaign. Mr. and Mrs. Holloway had quallfying health care coverage at all times during the tax year. Mr. and Mrs. Holloway did not receive, sell, send, exchange, or otherwise acquire any financial Interest in any virtual currency during 2020. (List the names of the taxpayers in the order in which they appear in the problem. Input all the values as positive numbers.) Use the appropriate Tax Tables Answer is complete but not entirely correct. 1040 for a couple Married Filing Jointly with no dependents. 1040 PG 1 1040 PG 2 Page 1 of Form 1040. Use provided information and follow instructions on form Oonalitying widowany towy Department of the Treasury--Intamal Revenue Form 1040 Service (99) 2020 OMB No. 1645-0074 IRS Use Only-Do not write or staple in this space U. 8. Individual Income Tax Return Filing Status Single Married fringon Married fin separately Head of household (HOH (MFS) Check only If you checked the MFS box, enter the name of your spouse. If you checked the HOH OOW box, enter the chid's name the qualifying person is ana box a child but not your dependent Your coolal Gaourity number Your first name and middle niti Last name (Enter ac XXX-XX-XXXX) John Holloway 412-34-5870 Spouse's coolal ceourity number Itoint rear spouse's first name and middle initial Last name (Enter ac XXX--XXXX) Martha Holloway 412-34-5871 Home address number and street. If you have a P.O.OX, see instructions Apt.no Presidential Election Campaign 10010 Dove Street Check here you or your spouse it fling intly want to go to this fund. City, town or post office you have a foreign address, also complete spaces below Checking a box below will not change your tax or refund. Atlanta, GA 30294 Foreign provincesto county Fornion country name Foreign postal code You Spouce At any time cuning 2020 did you receive soll, send, exchange or otherwise acquire any financial interest in any virtual currency? Yes No Standard Bomeone oan alam You as a dependent Your spouse as a dependent Deduction Spouse itemizes on a separate return of you were a dual-statusalan Age/Blindness You: Were bom before January 2 1956 Are blind Spouse Was som Defore January 2, 1956 Is Dino Dependents se instructions 12) Social security number (3) Relationship to you (4) it quarties for see instructions If more than four 11) First name Last na (Enter A XXXX-XXXX) Chid tax credit Credit for other dependents dependents, 500 Instructions and check hare 1 1 Wage salarios, tips, etc. Anach Forms) W-2 2a Tax-exempt interest 28 b Taxable interest 2b Attach SchBit necuired. 57,500 450 345 3a Outed dividends Sa 345 Ordinary dividends Sb 58,295 48 IRA distributions Taxable amount 4b 6a Pensions and an Taxable amount 6b B Social Security benefits Ba Taxable amount Bb 7 Capital gain or loss). Attach Schedule Difrocured. If not required, check here 7 8 Cher income from Schedule 1. line 9 8 8 Addlines 1. 25, 36, 45, 56, 65, 7 and 8. This is your total income 8 Btandard Daduation for 10 Adjustments to come - Single or Married fing From Schedule 1. in 22 100 soparately 5+2.400 b Charitable contributions if you take the standard coduction See instructions 100 Married ning jointly or Ado lines 102 and con. These are your total adjustments to incomo 100 Dating widowani 11 Subtract Sne 100 from ine 9 Tha is your adjucted grote Income 11 $24,00 + Head of 12 Standard deduction or itemized deduction (from Schedule A 12 household $18,050 13 Qatod business income deduction Attach Form 8995 of Form 1995-A 13 + you checked any bax under 14 Adcines 12 and 13 14 Standard Deductions 15 Taxable income. Subtract ne 14 from line 11. 1 zero or less 16 instructors. anter -- Cat NO For Dicoloure, Privacy Act, and Paperwork Reduction Aot Notice, cao caparate Inictruotion. 113200 THIS FORM 18 A BIMULATION OF AN OFFICIAL U. 3. TAX FORM. ITIB NOT THE OFFICIAL FORM IT BELF. DO NOT USE THIS FORM FOR TAX FILING 3 OR FOR ANY PURPOSE OTHER THAN EDUCATIONAL, 2021 MoGraw-HI Eduoation. 0 58.295 24,800 24,800 33.495 Form 1040 20201 1040FG 1040 PG 2 > Answer is complete but not entirely correct. 1040 for a couple Married Filing Jointly with no dependents. 1040 PG 1 1040 PG 2 Page 2 of Form 1040. Some information does not carry over from Page 1 Form 1040 120201 John Page 2 412-34-5870 (2) 4972 (3) 18 3,624 17 18 3,624 18 20 25 0 22 3,624 28 24 3,824 258 4,600 35 260 250 Holoway Martha Holloway 16 Tex son instructions. Check it any from Fomis (1) 8814 17 Amount from Schedule 2. Ine 3 18 Adlines 16 and 17 18 Chiotae creditar credit for other dependents 20 Amount from Schedule 3. ine 7 21 Aadlines 19 and 20 22 Subtractine 21 from line 18. If zero or dess.ontero 23 Other taxes, including temployment tax, from Schedule 2.tina 10 24 Add lines 22 and 23. This is your total tax 25 Federal income tax withhold from 2 Fams) W2 Formis) 1099 o Other forma coinotnctions d Addlines 26 through 256 28 2020 asti od tax payments and amount applied from 2019 naturn 27 Earned Income credit (EICI 28 Additional child tax credit Attach Schedule 8812 29 American opportunity credit trom Fom 8863, ne 30 Recovery rabato Credit See Instructions 31 Amount tram Scheduline 13 32 Add lines 27 tough 31. These are your total other payments and refundable credits 33 Add fines 250 26 and 22. These are your total payments 34 33 is mon than in 24 Subtract line 24 from ine 22. This is the amount you overpald 35. Amount of Fine 34 you wont refunded to you. Ir Farm 8888 attached check here Routing number TYD Account number 3e Amount of line 34 you want applied to your 2021 estimated tax 250 4,635 28 0 27 you have a quallying child attach Sch EIC you have nontaxable combat Day 28 29 Instructions 31 82 . 33 84 4,635 1,011 % 1.011 Refund 360 Checking n Savings Direct depan Son instructions. 37 Subtractine 13 Som line 24. This the amount you owo now 37 Amount You Owe For details on how to pay, 500 Instructions Note: Schedule Hand Schedule SE ierin 37 may not represent all of the taxes you owo for 2020. 5. Schooule 2. line 120, and its instructions for dintais 33 Estimated tex penalty see instruction) 38 1 Do you want to allow another person to Scuss this mitum in the IRS? See Instructions Third Party Designee Yes Completa bolow NO Personal dociation Dasignes name Phana no. number IPIN Sign Here Lindarpenties of ponury, I declare that have examined this ratum and accompanying schedules and statements, and to the best of my knowledge and beint they are true correct and completa Declaration of preparer other than tayar is based on at info of which preparer has any knowledge Your signature Data Your occupation Joint returns Sou instructions Keep a copy for your records If the IRS Sent you an entity Protection PIN or than Saint If the IRS sont your souse Identity Protection Finanter than son inst. Spouse's signature. It a joint return both must sign. Data Spouse SOCO Phone na Emal address Predarsham Preparars signatura Data PTIN Check it Paid Preparer Use Only Selt- employed Erm's rame Phone no Firm's adore Firms EIN Form 1040 (2020 THIS FORMIRA SIMULATION OF AN OFFICIAL U. 3. TAX FORM. IT IS NOT THE OFFICIAL FORM IT SELF. DO NOT USE THIS FORM FOR TAX FILING & OR FOR ANY PURPOBE OTHER THAN EDUCATIONAL. 2021 MisGraw-Hi Education