John and Sandy Ferguson got married eight years ago and have a seven-year-old daughter, Samantha. In 2020, John worked as a computer technician at a local university earning a salary of $152,000, and Sandy worked part time as a receptionist for a law firm earning a salary of $29,000. John also does some Web design work on the side and reported revenues of $4,000 and associated expenses of $750. The Fergusons received $800 in qualified dividends and a $200 refund of their state income taxes. The Fergusons always itemize their deductions, and their itemized deductions were well over the standard deduction amount last year. The Fergusons had qualifying insurance for purposes of the Affordable Care Act (ACA). Use Exhibit 8-9, Tax Rate Schedule, Dividends and Capital Gains Tax Rates, 2020 AMT exemption for reference.

Complete pages 1 and 2, Schedule 1, Schedule 2, and Schedule 3 of Form 1040 and Form 6251 for John and Sandy.

John and Sandy Ferguson's address is 19010 N.W. 135th Street, Miami, FL 33054.

Social security numbers:

John (DOB 11/07/1970): 111-11-1111

Sandy (DOB 6/24/1972): 222-22-2222

Samantha (DOB 9/30/2016): 333-33-3333

Alimony recipient: 555-55-5555

(Input all the values as positive numbers. Round your intermediate calculations and final answers to the nearest whole dollar. Use 2020 tax rules regardless of year on tax form.)

Please help fill out all forms above. If possible, please show any work.

2020 Tax Rate Schedules Individuals Schedule X-Single If taxable income is over: But not over: $ 0 $ 9,875 $ 9,875 $ 40,125 $ 40,125 $ 85,525 $ 85,525 $163,300 $163,300 $207,350 $207,350 $518,400 $518,400 The tax is: 10% of taxable income $987.50 plus 12% of the excess over $9.875 $4.617.50 plus 22% of the excess over $40.125 $14,605.50 plus 24% of the excess over $85,525 $33,271.50 plus 32% of the excess over $163,300 $47,367.50 plus 35% of the excess over $207,350 $156,235 plus 37% of the excess over $518,400 Schedule Y-1-Married Filing Jointly or Qualifying Widow(er) If taxable income is over:But not over: The tax is: S 0 $ 19,750 10% of taxable income $ 19,750 $ 80,250 $1,975 plus 12% of the excess over $19.750 $ 80,250 $171,050 89,235 plus 22% of the excess over $80,250 $171,050 $326,600 $29.211 plus 24% of the excess over $171,050 $326,600 $414,700 566,543 plus 32% of the excess over $326,600 $414,700 $622,050 $94,735 plus 35% of the excess over $414,700 $622,050 $167,307.50 plus 37% of the excess over $622,050 Schedule Z-Head of Household If taxable income is over:But not over: The tax is: $ 0 $ 14,100 10% of taxable income $ 14,100 $ 53,700 $1,410 plus 12% of the excess over $14,100 $ 53,700 $ 85,500 56.162 plus 22% of the excess over $53,700 $ 85,500 $163,300 $13,158 plus 24% of the excess over $85,500 $163,300 $207,350 $31,830 plus 32% of the excess over $163,300 $207,350 $518,400 $45,926 plus 35% of the excess over $207,350 $518,400 $154,793.50 plus 37% of the excess over $518,400 Schedule Y-2-Married Filing Separately If taxable income is over: But not over: The tax is: $ 0 $ 9,875 10% of taxable income $ 9,875 $ 40,125 $987.50 plus 12% of the exces cess over $9.875 $ 40,125 $ 85,525 $4.617.50 plus 22% of the excess over $40.125 $ 85,525 $163,300 $14,605.50 plus 24% of the excess over $85,525 $163,300 $207,350 $33,271.50 plus 32% of the excess over $163,300 $207,350 $311,025 $47,367.50 plus 35% of the excess over $207,350 $311,025 $83.653.75 plus 37% of the excess over $311,025 Tax Rates for Net Capital Gains and Qualified Dividends Taxable Income Rate* Married Filing Jointly Married Filing Separately Single Head of Household Trusts and Estates 0% $0 - $80,000 $0 - $40,000 $0 - $40,000 $0 - $53,600 $0 - $2,650 15% $80,001 - $496,600 $40,001 - $248,300 $40,001 - $441,450 $53,601 - $469,050 $2,651 - $13,150 20% S496,601- $248,301- $441,451+ $469,051- $13,151- *This rate applies to the net capital gains and qualified dividends that fall within the range of taxable income specified in the table (net capital gains and qualified dividends are included in twable income last for this purpose). EXHIBIT 8-5 2020 AMT Exemptions Phase-Out Begins at Phase-Out Complete Filing Status Exemption This Level of AMTI for This Level of AMTI Married filing jointly $113,400 $1,036,800 $1,490,400 Married filing separately 56,700 518,400 745,200 Head of household and single 72.900 518,400 810,000 1040 for a couple Married Filing Jointly with two dependents. 1040 PG 1 1040 PG 2 Schedule 1 Schedule 2 Schedule 3 6251 PG 1 Page 1 of Form 1040. Use provided information and follow instructions on form. Form 1040 - U.S. Individual Income Tax Return 2019 OMB No. 1545-0074 IRS Use Only - Do not write in this space. Filing Status Single Married filing jointly Married filing separately (MFS) Head of household (HOH) Qualifying widower) (QW) Check only If you checked the MFS box, enter the name of spouse. If you checked the HOH or QW box, enter the child's name if the qualifying person is one box a child but not your dependent Your social security number Your first name and middle initial (Enter as xxx-xx-xxx) Last name If joint return, spouse's first name and middle initial Last name Home address (number and street). If you have a P.O.box, see instructions. Apt.no Presidential Election Campaign Check here if you, or your spouse if filing jointly, want 53 to go to this fund. Checking a box below will not change your tax or refund City, town or post office, state, and ZIP code. If you have a foreign address, also complete spaces below (see instructions). You Spouse If more than four dependents, see instructions Foreign country name Foreign province/state/county Foreign postal code and here Standard Someone can claim You as a dependent Your spouse as a dependent Deduction Spouse itemizes on a separate return or you were a dual-status alien Age/Blindness You: Were born before January 2, 1955 Are blind Spouse: Was born before January 2, 1955 Is blind Dependents (see instructions): (2) Social security number (3) Relationship to you (4) Vif qualifies for (see instructions): (1) First name Last name (Enter as 2006-xx-00cx) Child tax credit Credit for other dependents 1 Wages, salaries, tips, etc. Attach Form(s) W-2 1 2a Tax-exempt interest 2a 2b 3a Qualified dividends 3a 3b b Taxable interest. Attach Sch. Bif required b Ordinary dividends. Attach Sch. Bif required b Taxable amount d Taxable amount 4a IRA distributions 4b c Pensions and annuities 40 4d 5a Social security benefits 5a b Taxable amount 5b 6 6 Capital gain or loss). Attach Schedule Dif required. If not required, check here 7a Other income from Schedule 1, line 9 7a Standard Deduction for- - Single or Married filing separately. $12.200 . Married filing jointly or Qualifying widower) $24,400 Head of household $18,350 . If you checked any box under Standard Deduction, see instructions 7b 0 b Add lines 1, 2b, 3b, 46, 4d.5, 6, and 7a. This is your total income 8a Adjustments to income from Schedule 1, line 22 8a b Subtract line 8a from line 7b. This is your adjusted gross income 8b 0 9 Standard deduction or itemized deductions (from Schedule A) 9 10 Qualified business income deduction. Attach Form 8995 or Form 8995-A 10 11a Add lines 9 and 10 11a b Taxable income. Subtract line 11a from line 8b 11b 0 For Disclosure. Privacy Act, and Paperwork Reduction Act Notice, see separate instructions. Cat No. 11320B Form 1040 (2019) THIS FORM IS A SIMULATION OF AN OFFICIAL U.S. TAX FORM. IT IS NOT THE OFFICIAL FORM IT SELF. DO NOT USE THIS FORM FOR TAX FILINGS OR FOR ANY PURPOSE OTHER THAN 1040 for a couple Married Filing Jointly with two dependents. 1040 PG 1 1040 PG 2 Schedule 1 Schedule 2 Schedule 3 6251 PG 1 Page 2 of Form 1040. Some information does not carry over from Page 1. V 20 Form 1040 (2019) Page 2 12a Tax (see inst.) Check it any from Form(s): (1) 8814 (2) 4972 (3) 12a Add Schedule 2, line 3, and line 12a and enter the total 12b 13a Child tax credit or credit for other dependents 13a b Add Schedule 3, line 7, and line 13a and enter the total 13b 600 14 Subtract line 13b from line 12b. If zero or less, enter-O- 14 15 Other taxes, including self-employment tax, from Schedule 2. line 10 15 16 Add lines 14 and 15. This is your total tax 16 0 17 Federal income tax withheld from Forms W-2 and 1099 17 18 Other payments and refundable credits: . If you have a qualifying child. a Earned income credit (EIC) 183 attach Sch. EIC . If you have b Additional child tax credit. Attach Schedule 8812 18b nontaxable combat pay, see c American opportunity credit from Form 8863, line 8 180 instructions d Schedule 3, line 14 18d e Add lines 18a through 18d. These are your total other payments and refundable credits 18e 0 19 Add lines 17 and 18e. These are your total payments 19 0 20 If line 19 is more than line 16, subtract line 16 from line 19. This is the amount you overpaid Refund 21a Amount of line 20 you want refunded to you. If Form 8888 is attached, check here 21a Direct deposit? Routing number C Type: Checking Savings See instructions. d Account number 22 Amount of line 20 you want applied to your 2020 estimated tax 22 Amount 23 Amount you owe. Subtract line 19 from line 18. For details on how to pay, see instructions 23 You Owe 24 Estimated tax penalty (see instructions) 24 Third Party Do you want to allow another person (other than your paid preparer) to discuss this return with the IRS? See instructions. Yes. Complete below. Designee No (Other than Designee's Phone Personal identification paid preparer) name no. number (PIN) Sign Under penalties of perjury, I declare that I have examined this return and accompanying schedules and statements, and to the best of my knowledge and belief, Here they are true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge. Your signature Date Your occupation If the IRS sent you an identity Protection PIN, enter it here Joint return? See instructions. (see inst.) Keep a copy for If the IRS sent your spouse an your records. Spouse's signature. If a joint return, both must sign. Date Spouse's occupation Identity Protection PIN, enter it here (see inst.) Phone no Email address Preparer's name Preparer's signature Date PTIN Check if: Paid 3rd Party Designee Preparer Firm's name Phone no Self-employed Use Only Firm's address Firm's EINE Go to www.irs.gov/Form 1040 for instructions and the latest information. Form 1040 (2019) THIS FORM IS A SIMULATION OF AN OFFICIAL U.S. TAX FORM. IT IS NOT THE OFFICIAL FORM IT SELF. DO NOT USE THIS FORM FOR TAX FILINGS OR FOR ANY PURPOSE OTHER THAN EDUCATIONAL. 2020 McGraw-Hill Education. 1040 for a couple Married Filing Jointly with two dependents. 1040 PG 1 1040 PG 2 Schedule 1 Schedule 2 Schedule 3 6251 PG 1 Schedule 1 of Form 1040. SCHEDULE 1 (Form 1040 or 1040-SR) Additional Income and Adjustments to Income OMB No. 1545-0074 2019 Department of the Treasury Internal Revenue Service Name(s) shown on Form 1040 or 1040-SR Attach to Form 1040 or 1040-SR. Go to www.irs.gov/Form1040 for instructions and the latest information. Attachment Sequence No. 01 Your social security number (Enter as xxx-xx-xxx) Yes No 1 1 2a b At any time during 2019, did you receive, sell, send, exchange, or otherwise acquire any financial interest in anyvirtual currency? Partl Additional Income Taxable refunds, credits, or offsets of state and local income taxes 2a Alimony received Date of original divorce or separation agreement (see instructions) Business income or loss). Attach Schedule o Other gains or losses). Attach Form 4797 5 Rental real estate, royalties, partnerships. S corporations, trusts, etc. Attach Schedule E Farm income or loss). Attach Schedule F Unemployment compensation Other income. List type and amount 3 3 4 4 5 6 6 7 7 8 8 9 9 0 Part II Combine lines 1 through 8. Enter here and on Form 1040 or 1040-SR line 7a Adjustments to Income Educator expenses 10 10 11 Certain business expenses of reservists, performing artists, and fee-basis government officials. Attach Form 2106 11 12 12 13 13 14 14 15 15 16 16 Health savings account deduction. Attach Form 8889 Moving expenses for members of the Armed Forces. Attach Form 3903 Deductible part of self-employment tax. Attach Schedule SE Self-employed SEP, SIMPLE, and qualified plans Self-employed health insurance deduction Penalty on early withdrawal of savings Alimony paid Recipient's SSN Date of original divorce or separation agreement (see instructions) IRA deduction 17 18a 18a b 19 19 20 Student loan interest deduction 20 21 Reserved for future use 21 22 Add lines 10 through 21. These are your adjustments to income. Enter here and on Form 1040 or 1040-SR, line 8a 22 0 For Paperwork Reduction Act Notice, see your tax return instructions. Cat No. 71479F Schedule 1 (Form 1040 or 1040-SR) 2019 THIS FORM IS A SIMULATION OF AN OFFICIAL U.S. TAX FORM. IT IS NOT THE OFFICIAL FORM IT SELF. DO NOT USE THIS FORM FOR TAX FILINGS OR FOR ANY PURPOSE OTHER THAN EDUCATIONAL. 2020 McGraw-Hill Education. 1040 for a couple Married Filing Jointly with two dependents. 1040 PG 1 1040 PG 2 Schedule 1 Schedule 2 Schedule 3 6251 PG 1 Schedule 2 of Form 1040. Additional Taxes SCHEDULE 2 (Form 1040 or 1040-SR) Department of the Treasury Internal Revenue Service Name(s) shown on Form 1040 or 1040-SR Attach to Form 1040 or 1040-SR. Go to www.irs.gov/Form1040 for instructions and the latest information. OMB No. 1545-0074 2019 Attachment Sequence No. 02 Your social security number 4 Partl Tax 1 Alternative minimum tax. Attach Form 6251 2 Excess advance premium tax credit repayment. Attach Form 8962 3 Add lines 1 and 2. Enter here and include on Form 1040 or 1040-SR, line 12b 3 Part II Other Taxes 4 Self-employment tax. Attach Schedule SE 5 Unreported social security and Medicare tax from Form: a 4137 b 8919 5 6 Additional tax on IRAs, other qualified retirement plans, and other tax-favored accounts. Attach Form 5329 if required 6 7a Household employment taxes. Attach Schedule H 7a b Repayment of first-time homebuyer credit from Form 5405. Attach Form 5405 if required 7b 8 Taxes from: O a Form 8959 Ob Form 8960 8 c Instructions, enter code(s) 9 Section 985 net tax liability installment from Form 985-A 9 10 Add lines 4 through 8. These are your total other taxes. Enter here and on Form 1040 or 1040-SR line 15 10 0 For Paperwork Reduction Act Notice, see your tax return instructions. Cat. No. 71478U Schedule 2 (Form 1040 or 1040-SR) 2019 THIS FORM IS A SIMULATION OF AN OFFICIAL U.S. TAX FORM. IT IS NOT THE OFFICIAL FORM ITSELF. DO NOT USE THIS FORM FOR TAX FILINGS OR FOR ANY PURPOSE OTHER THAN EDUCATIONAL. 2020 McGraw-Hill Education. 1040 for a couple Married Filing Jointly with two dependents. 1040 PG 1 1040 PG 2 Schedule 1 Schedule 2 Schedule 3 6251 PG 1 Additional Credits and Payments OMB No. 1545-0074 Schedule 3 of Form 1040. SCHEDULE 3 (Form 1040 or 1040-SR) Department of the Treasury Internal Revenue Service Name(s) shown on Form 1040 or 1040-SR 2019 Attach to Form 1040 or 1040-SR. Go to www.irs.gov/Form1040 for instructions and the latest information. Attachment Sequence No. 03 Your social security number 1 c Part Nonrefundable Credits 1 Foreign tax credit. Attach Form 1116 if required 2 Credit for child and dependent care expenses. Attach Form 2441 2 3 Education credits from Form 8863 line 19 3 4 Retirement savings contributions credit. Attach Form 3880 4 5 Residential energy credit. Attach Form 5895 5 6 Other credits from Form: a 3800 b 8801 6 7 Add lines 1 through 8. Enter here and include on Form 1040 or 1040-SR, line 136 7 0 Part II Other Payments and Refundable Credits 8 2019 estimated tax payments and amount applied from 2018 return 8 9 Net premium tax credit. Attach Form 8962 9 10 Amount paid with request for extension to file (see instructions) 10 11 Excess social security and tier 1 RRTA tax withheld 11 12 Credit for federal tax on fuels. Attach Form 4138 12 13 Credits from Form: a 2439 b Reserved c 885 13 14 Add lines 8 through 13. Enter here and on Form 1040 or 1040-SR line 18d 14 0 For Paperwork Reduction Act Notice, see your tax return instructions. Cat. No. 71480G Schedule 3 (Form 1040 or 1040-SR) 2019 THIS FORM IS A SIMULATION OF AN OFFICIAL U.S. TAX FORM. IT IS NOT THE OFFICIAL FORM ITSELF. DO NOT USE THIS FORM FOR TAX FILINGS OR FOR ANY PURPOSE OTHER THAN EDUCATIONAL. 2020 McGraw-Hill Education. 104 Sledure - Slueuule 2 Sledure Form 6251 Alternative Minimum Tax-Individual OMB No. 1545-0074 2019 Attachment Sequence No. 32 Your social security number 1 2a 2b 2c 2d 2e 2f 29 2h 2i 2j 2k 21 2m n 2n 0 Department of the Treasury Go to www.irs.gov/Form6251 for instructions and the latest information. Internal Revenue Service (99) Attach to Form 1040 or Form 1040NR. Name(s) shown on Form 1040 or Form 1040NR John and Sandy Ferguson Part. Alternative Minimum Taxable income (See instructions for how to complete each line.) 1 Enter the amount from Form 1040 or 1040-SR, line 11b, if more than zero. If Form 1040 or 1040-SR, line 11b, is zero, subtract lines 9 and 10 of Form 1040 or 1040-SR from line 8b of Form 1040 or 1040-SR and enter the result here. (If less than zero, enter as a negative amount.) 2 a If filing Schedule A (Form 1040 or 1040-SR). enter the taxes from Schedule A line 7: otherwise, enter the amount from Form 1040 or 1040-SR, line 9 b Tax refund from Schedule 1 (Form 1040 or 1040-SR), line 1 or line 8 c Investment interest expense (difference between regular tax and AMT) d Depletion (Difference between regular tax and AMT) Net operating loss deduction from Schedule 1 (Form 1040 or 1040-SR), line 3. Enter as a positive amount f Alternative tax net operating loss deduction. g Interest from specified private activity bonds exempt from the regular tax h Qualified small business stock, see instructions i Exercise of incentive stock options (excess of AMT income over regular tax income) j Estates and trusts (amount from Schedule K-1 (Form 1041), box 12, code A) k Disposition of property (Difference between AMT and regular tax gain or loss) Depreciation on assets placed in service after 1988 (Difference between regular tax and AMT) m Passive activities (difference between AMT and regular tax income or loss) Loss limitations (difference between AMT and regular tax income or loss) Circulation costs (difference between regular tax and AMT) p Long-term contracts (difference between AMT and regular tax income) Mining costs (difference between regular tax and AMT) Research and experimental costs (difference between regular tax and AMT) Income from certain installment sales before January 1, 1987 t Intangible drilling costs preference 3 Other adjustments, including income-based related adjustments 4 Alternative minimum taxable income. Combine lines 1 through 3. (If married filing separately and line 4 is more than $733,700, see instructions.) $718,800, see instructions.) Part II Alternative Minimum Tax (AMT) 5 Exemption. (If you were under age 24 at the end of 2019, see instructions.) IF your filing status is... AND line 4 is not over... THEN enter on line 5... Single or head of household S 510,300 S 71,700 Married filing jointly or qualifying widow(er) 1,020,800 111,700 Married filing separately 510,300 55,850 If line 4 is over the amount shown above for your filing status, see instructions. 6 Subtract line 5 from line 4. If more than zero, go to line 7. If zero or less, enter -- here and on lines 7. 9. and 11, and go to line 10 7 If you are filing Form 2555, see instructions for the amount to enter. If you reported capital gain distributions directly on Form 1040 or 1040-SR, line 6: you reported qualified dividends on Form 1040 or 1040-SR, line 3a; or you had a gain on both lines 15 and 16 of Schedule D (Form 1040 or 1040-SR) (as refigured for the AMT, if necessary), complete Part III on the back and enter the amount from line 40 here. . All others: If line 8 is $194.800 or less ($97.400 or less if married filing separately), multiply line 6 by 28% (0.26). Otherwise, multiply line 8 by 28% (0.28) and subtract $3.896 (51,948 if married filing separately) from the result. 8 Alternative minimum tax foreign tax credit (see instructions) 9 Tentative minimum tax. Subtract line 8 from line 7 10 Add Form 1040 or 1040-SR line 12a (minus any tax from Form 4972). and Schedule 2 (Form 1040 or 1040-SR), line 2. Subtract Subtract from the result any foreign tax credit from Schedule 3 (Form 1040 or 1040-SR), line 1. If you used Schedule J to figure your tax on Form 1040 or 1040-SR line 12a, refigure that tax without using Schedule J before completing this line (see instructions) 11 AMT. Subtract line 10 from line 9. If zero or less, enter -- Enter here and on Schedule 2 (Form 1040 or 1040-SR), line 1 r 20 2p 29 2r 25 2t 3 s 4 0 5 6 7 8 9 0 10 11 2020 Tax Rate Schedules Individuals Schedule X-Single If taxable income is over: But not over: $ 0 $ 9,875 $ 9,875 $ 40,125 $ 40,125 $ 85,525 $ 85,525 $163,300 $163,300 $207,350 $207,350 $518,400 $518,400 The tax is: 10% of taxable income $987.50 plus 12% of the excess over $9.875 $4.617.50 plus 22% of the excess over $40.125 $14,605.50 plus 24% of the excess over $85,525 $33,271.50 plus 32% of the excess over $163,300 $47,367.50 plus 35% of the excess over $207,350 $156,235 plus 37% of the excess over $518,400 Schedule Y-1-Married Filing Jointly or Qualifying Widow(er) If taxable income is over:But not over: The tax is: S 0 $ 19,750 10% of taxable income $ 19,750 $ 80,250 $1,975 plus 12% of the excess over $19.750 $ 80,250 $171,050 89,235 plus 22% of the excess over $80,250 $171,050 $326,600 $29.211 plus 24% of the excess over $171,050 $326,600 $414,700 566,543 plus 32% of the excess over $326,600 $414,700 $622,050 $94,735 plus 35% of the excess over $414,700 $622,050 $167,307.50 plus 37% of the excess over $622,050 Schedule Z-Head of Household If taxable income is over:But not over: The tax is: $ 0 $ 14,100 10% of taxable income $ 14,100 $ 53,700 $1,410 plus 12% of the excess over $14,100 $ 53,700 $ 85,500 56.162 plus 22% of the excess over $53,700 $ 85,500 $163,300 $13,158 plus 24% of the excess over $85,500 $163,300 $207,350 $31,830 plus 32% of the excess over $163,300 $207,350 $518,400 $45,926 plus 35% of the excess over $207,350 $518,400 $154,793.50 plus 37% of the excess over $518,400 Schedule Y-2-Married Filing Separately If taxable income is over: But not over: The tax is: $ 0 $ 9,875 10% of taxable income $ 9,875 $ 40,125 $987.50 plus 12% of the exces cess over $9.875 $ 40,125 $ 85,525 $4.617.50 plus 22% of the excess over $40.125 $ 85,525 $163,300 $14,605.50 plus 24% of the excess over $85,525 $163,300 $207,350 $33,271.50 plus 32% of the excess over $163,300 $207,350 $311,025 $47,367.50 plus 35% of the excess over $207,350 $311,025 $83.653.75 plus 37% of the excess over $311,025 Tax Rates for Net Capital Gains and Qualified Dividends Taxable Income Rate* Married Filing Jointly Married Filing Separately Single Head of Household Trusts and Estates 0% $0 - $80,000 $0 - $40,000 $0 - $40,000 $0 - $53,600 $0 - $2,650 15% $80,001 - $496,600 $40,001 - $248,300 $40,001 - $441,450 $53,601 - $469,050 $2,651 - $13,150 20% S496,601- $248,301- $441,451+ $469,051- $13,151- *This rate applies to the net capital gains and qualified dividends that fall within the range of taxable income specified in the table (net capital gains and qualified dividends are included in twable income last for this purpose). EXHIBIT 8-5 2020 AMT Exemptions Phase-Out Begins at Phase-Out Complete Filing Status Exemption This Level of AMTI for This Level of AMTI Married filing jointly $113,400 $1,036,800 $1,490,400 Married filing separately 56,700 518,400 745,200 Head of household and single 72.900 518,400 810,000 1040 for a couple Married Filing Jointly with two dependents. 1040 PG 1 1040 PG 2 Schedule 1 Schedule 2 Schedule 3 6251 PG 1 Page 1 of Form 1040. Use provided information and follow instructions on form. Form 1040 - U.S. Individual Income Tax Return 2019 OMB No. 1545-0074 IRS Use Only - Do not write in this space. Filing Status Single Married filing jointly Married filing separately (MFS) Head of household (HOH) Qualifying widower) (QW) Check only If you checked the MFS box, enter the name of spouse. If you checked the HOH or QW box, enter the child's name if the qualifying person is one box a child but not your dependent Your social security number Your first name and middle initial (Enter as xxx-xx-xxx) Last name If joint return, spouse's first name and middle initial Last name Home address (number and street). If you have a P.O.box, see instructions. Apt.no Presidential Election Campaign Check here if you, or your spouse if filing jointly, want 53 to go to this fund. Checking a box below will not change your tax or refund City, town or post office, state, and ZIP code. If you have a foreign address, also complete spaces below (see instructions). You Spouse If more than four dependents, see instructions Foreign country name Foreign province/state/county Foreign postal code and here Standard Someone can claim You as a dependent Your spouse as a dependent Deduction Spouse itemizes on a separate return or you were a dual-status alien Age/Blindness You: Were born before January 2, 1955 Are blind Spouse: Was born before January 2, 1955 Is blind Dependents (see instructions): (2) Social security number (3) Relationship to you (4) Vif qualifies for (see instructions): (1) First name Last name (Enter as 2006-xx-00cx) Child tax credit Credit for other dependents 1 Wages, salaries, tips, etc. Attach Form(s) W-2 1 2a Tax-exempt interest 2a 2b 3a Qualified dividends 3a 3b b Taxable interest. Attach Sch. Bif required b Ordinary dividends. Attach Sch. Bif required b Taxable amount d Taxable amount 4a IRA distributions 4b c Pensions and annuities 40 4d 5a Social security benefits 5a b Taxable amount 5b 6 6 Capital gain or loss). Attach Schedule Dif required. If not required, check here 7a Other income from Schedule 1, line 9 7a Standard Deduction for- - Single or Married filing separately. $12.200 . Married filing jointly or Qualifying widower) $24,400 Head of household $18,350 . If you checked any box under Standard Deduction, see instructions 7b 0 b Add lines 1, 2b, 3b, 46, 4d.5, 6, and 7a. This is your total income 8a Adjustments to income from Schedule 1, line 22 8a b Subtract line 8a from line 7b. This is your adjusted gross income 8b 0 9 Standard deduction or itemized deductions (from Schedule A) 9 10 Qualified business income deduction. Attach Form 8995 or Form 8995-A 10 11a Add lines 9 and 10 11a b Taxable income. Subtract line 11a from line 8b 11b 0 For Disclosure. Privacy Act, and Paperwork Reduction Act Notice, see separate instructions. Cat No. 11320B Form 1040 (2019) THIS FORM IS A SIMULATION OF AN OFFICIAL U.S. TAX FORM. IT IS NOT THE OFFICIAL FORM IT SELF. DO NOT USE THIS FORM FOR TAX FILINGS OR FOR ANY PURPOSE OTHER THAN 1040 for a couple Married Filing Jointly with two dependents. 1040 PG 1 1040 PG 2 Schedule 1 Schedule 2 Schedule 3 6251 PG 1 Page 2 of Form 1040. Some information does not carry over from Page 1. V 20 Form 1040 (2019) Page 2 12a Tax (see inst.) Check it any from Form(s): (1) 8814 (2) 4972 (3) 12a Add Schedule 2, line 3, and line 12a and enter the total 12b 13a Child tax credit or credit for other dependents 13a b Add Schedule 3, line 7, and line 13a and enter the total 13b 600 14 Subtract line 13b from line 12b. If zero or less, enter-O- 14 15 Other taxes, including self-employment tax, from Schedule 2. line 10 15 16 Add lines 14 and 15. This is your total tax 16 0 17 Federal income tax withheld from Forms W-2 and 1099 17 18 Other payments and refundable credits: . If you have a qualifying child. a Earned income credit (EIC) 183 attach Sch. EIC . If you have b Additional child tax credit. Attach Schedule 8812 18b nontaxable combat pay, see c American opportunity credit from Form 8863, line 8 180 instructions d Schedule 3, line 14 18d e Add lines 18a through 18d. These are your total other payments and refundable credits 18e 0 19 Add lines 17 and 18e. These are your total payments 19 0 20 If line 19 is more than line 16, subtract line 16 from line 19. This is the amount you overpaid Refund 21a Amount of line 20 you want refunded to you. If Form 8888 is attached, check here 21a Direct deposit? Routing number C Type: Checking Savings See instructions. d Account number 22 Amount of line 20 you want applied to your 2020 estimated tax 22 Amount 23 Amount you owe. Subtract line 19 from line 18. For details on how to pay, see instructions 23 You Owe 24 Estimated tax penalty (see instructions) 24 Third Party Do you want to allow another person (other than your paid preparer) to discuss this return with the IRS? See instructions. Yes. Complete below. Designee No (Other than Designee's Phone Personal identification paid preparer) name no. number (PIN) Sign Under penalties of perjury, I declare that I have examined this return and accompanying schedules and statements, and to the best of my knowledge and belief, Here they are true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge. Your signature Date Your occupation If the IRS sent you an identity Protection PIN, enter it here Joint return? See instructions. (see inst.) Keep a copy for If the IRS sent your spouse an your records. Spouse's signature. If a joint return, both must sign. Date Spouse's occupation Identity Protection PIN, enter it here (see inst.) Phone no Email address Preparer's name Preparer's signature Date PTIN Check if: Paid 3rd Party Designee Preparer Firm's name Phone no Self-employed Use Only Firm's address Firm's EINE Go to www.irs.gov/Form 1040 for instructions and the latest information. Form 1040 (2019) THIS FORM IS A SIMULATION OF AN OFFICIAL U.S. TAX FORM. IT IS NOT THE OFFICIAL FORM IT SELF. DO NOT USE THIS FORM FOR TAX FILINGS OR FOR ANY PURPOSE OTHER THAN EDUCATIONAL. 2020 McGraw-Hill Education. 1040 for a couple Married Filing Jointly with two dependents. 1040 PG 1 1040 PG 2 Schedule 1 Schedule 2 Schedule 3 6251 PG 1 Schedule 1 of Form 1040. SCHEDULE 1 (Form 1040 or 1040-SR) Additional Income and Adjustments to Income OMB No. 1545-0074 2019 Department of the Treasury Internal Revenue Service Name(s) shown on Form 1040 or 1040-SR Attach to Form 1040 or 1040-SR. Go to www.irs.gov/Form1040 for instructions and the latest information. Attachment Sequence No. 01 Your social security number (Enter as xxx-xx-xxx) Yes No 1 1 2a b At any time during 2019, did you receive, sell, send, exchange, or otherwise acquire any financial interest in anyvirtual currency? Partl Additional Income Taxable refunds, credits, or offsets of state and local income taxes 2a Alimony received Date of original divorce or separation agreement (see instructions) Business income or loss). Attach Schedule o Other gains or losses). Attach Form 4797 5 Rental real estate, royalties, partnerships. S corporations, trusts, etc. Attach Schedule E Farm income or loss). Attach Schedule F Unemployment compensation Other income. List type and amount 3 3 4 4 5 6 6 7 7 8 8 9 9 0 Part II Combine lines 1 through 8. Enter here and on Form 1040 or 1040-SR line 7a Adjustments to Income Educator expenses 10 10 11 Certain business expenses of reservists, performing artists, and fee-basis government officials. Attach Form 2106 11 12 12 13 13 14 14 15 15 16 16 Health savings account deduction. Attach Form 8889 Moving expenses for members of the Armed Forces. Attach Form 3903 Deductible part of self-employment tax. Attach Schedule SE Self-employed SEP, SIMPLE, and qualified plans Self-employed health insurance deduction Penalty on early withdrawal of savings Alimony paid Recipient's SSN Date of original divorce or separation agreement (see instructions) IRA deduction 17 18a 18a b 19 19 20 Student loan interest deduction 20 21 Reserved for future use 21 22 Add lines 10 through 21. These are your adjustments to income. Enter here and on Form 1040 or 1040-SR, line 8a 22 0 For Paperwork Reduction Act Notice, see your tax return instructions. Cat No. 71479F Schedule 1 (Form 1040 or 1040-SR) 2019 THIS FORM IS A SIMULATION OF AN OFFICIAL U.S. TAX FORM. IT IS NOT THE OFFICIAL FORM IT SELF. DO NOT USE THIS FORM FOR TAX FILINGS OR FOR ANY PURPOSE OTHER THAN EDUCATIONAL. 2020 McGraw-Hill Education. 1040 for a couple Married Filing Jointly with two dependents. 1040 PG 1 1040 PG 2 Schedule 1 Schedule 2 Schedule 3 6251 PG 1 Schedule 2 of Form 1040. Additional Taxes SCHEDULE 2 (Form 1040 or 1040-SR) Department of the Treasury Internal Revenue Service Name(s) shown on Form 1040 or 1040-SR Attach to Form 1040 or 1040-SR. Go to www.irs.gov/Form1040 for instructions and the latest information. OMB No. 1545-0074 2019 Attachment Sequence No. 02 Your social security number 4 Partl Tax 1 Alternative minimum tax. Attach Form 6251 2 Excess advance premium tax credit repayment. Attach Form 8962 3 Add lines 1 and 2. Enter here and include on Form 1040 or 1040-SR, line 12b 3 Part II Other Taxes 4 Self-employment tax. Attach Schedule SE 5 Unreported social security and Medicare tax from Form: a 4137 b 8919 5 6 Additional tax on IRAs, other qualified retirement plans, and other tax-favored accounts. Attach Form 5329 if required 6 7a Household employment taxes. Attach Schedule H 7a b Repayment of first-time homebuyer credit from Form 5405. Attach Form 5405 if required 7b 8 Taxes from: O a Form 8959 Ob Form 8960 8 c Instructions, enter code(s) 9 Section 985 net tax liability installment from Form 985-A 9 10 Add lines 4 through 8. These are your total other taxes. Enter here and on Form 1040 or 1040-SR line 15 10 0 For Paperwork Reduction Act Notice, see your tax return instructions. Cat. No. 71478U Schedule 2 (Form 1040 or 1040-SR) 2019 THIS FORM IS A SIMULATION OF AN OFFICIAL U.S. TAX FORM. IT IS NOT THE OFFICIAL FORM ITSELF. DO NOT USE THIS FORM FOR TAX FILINGS OR FOR ANY PURPOSE OTHER THAN EDUCATIONAL. 2020 McGraw-Hill Education. 1040 for a couple Married Filing Jointly with two dependents. 1040 PG 1 1040 PG 2 Schedule 1 Schedule 2 Schedule 3 6251 PG 1 Additional Credits and Payments OMB No. 1545-0074 Schedule 3 of Form 1040. SCHEDULE 3 (Form 1040 or 1040-SR) Department of the Treasury Internal Revenue Service Name(s) shown on Form 1040 or 1040-SR 2019 Attach to Form 1040 or 1040-SR. Go to www.irs.gov/Form1040 for instructions and the latest information. Attachment Sequence No. 03 Your social security number 1 c Part Nonrefundable Credits 1 Foreign tax credit. Attach Form 1116 if required 2 Credit for child and dependent care expenses. Attach Form 2441 2 3 Education credits from Form 8863 line 19 3 4 Retirement savings contributions credit. Attach Form 3880 4 5 Residential energy credit. Attach Form 5895 5 6 Other credits from Form: a 3800 b 8801 6 7 Add lines 1 through 8. Enter here and include on Form 1040 or 1040-SR, line 136 7 0 Part II Other Payments and Refundable Credits 8 2019 estimated tax payments and amount applied from 2018 return 8 9 Net premium tax credit. Attach Form 8962 9 10 Amount paid with request for extension to file (see instructions) 10 11 Excess social security and tier 1 RRTA tax withheld 11 12 Credit for federal tax on fuels. Attach Form 4138 12 13 Credits from Form: a 2439 b Reserved c 885 13 14 Add lines 8 through 13. Enter here and on Form 1040 or 1040-SR line 18d 14 0 For Paperwork Reduction Act Notice, see your tax return instructions. Cat. No. 71480G Schedule 3 (Form 1040 or 1040-SR) 2019 THIS FORM IS A SIMULATION OF AN OFFICIAL U.S. TAX FORM. IT IS NOT THE OFFICIAL FORM ITSELF. DO NOT USE THIS FORM FOR TAX FILINGS OR FOR ANY PURPOSE OTHER THAN EDUCATIONAL. 2020 McGraw-Hill Education. 104 Sledure - Slueuule 2 Sledure Form 6251 Alternative Minimum Tax-Individual OMB No. 1545-0074 2019 Attachment Sequence No. 32 Your social security number 1 2a 2b 2c 2d 2e 2f 29 2h 2i 2j 2k 21 2m n 2n 0 Department of the Treasury Go to www.irs.gov/Form6251 for instructions and the latest information. Internal Revenue Service (99) Attach to Form 1040 or Form 1040NR. Name(s) shown on Form 1040 or Form 1040NR John and Sandy Ferguson Part. Alternative Minimum Taxable income (See instructions for how to complete each line.) 1 Enter the amount from Form 1040 or 1040-SR, line 11b, if more than zero. If Form 1040 or 1040-SR, line 11b, is zero, subtract lines 9 and 10 of Form 1040 or 1040-SR from line 8b of Form 1040 or 1040-SR and enter the result here. (If less than zero, enter as a negative amount.) 2 a If filing Schedule A (Form 1040 or 1040-SR). enter the taxes from Schedule A line 7: otherwise, enter the amount from Form 1040 or 1040-SR, line 9 b Tax refund from Schedule 1 (Form 1040 or 1040-SR), line 1 or line 8 c Investment interest expense (difference between regular tax and AMT) d Depletion (Difference between regular tax and AMT) Net operating loss deduction from Schedule 1 (Form 1040 or 1040-SR), line 3. Enter as a positive amount f Alternative tax net operating loss deduction. g Interest from specified private activity bonds exempt from the regular tax h Qualified small business stock, see instructions i Exercise of incentive stock options (excess of AMT income over regular tax income) j Estates and trusts (amount from Schedule K-1 (Form 1041), box 12, code A) k Disposition of property (Difference between AMT and regular tax gain or loss) Depreciation on assets placed in service after 1988 (Difference between regular tax and AMT) m Passive activities (difference between AMT and regular tax income or loss) Loss limitations (difference between AMT and regular tax income or loss) Circulation costs (difference between regular tax and AMT) p Long-term contracts (difference between AMT and regular tax income) Mining costs (difference between regular tax and AMT) Research and experimental costs (difference between regular tax and AMT) Income from certain installment sales before January 1, 1987 t Intangible drilling costs preference 3 Other adjustments, including income-based related adjustments 4 Alternative minimum taxable income. Combine lines 1 through 3. (If married filing separately and line 4 is more than $733,700, see instructions.) $718,800, see instructions.) Part II Alternative Minimum Tax (AMT) 5 Exemption. (If you were under age 24 at the end of 2019, see instructions.) IF your filing status is... AND line 4 is not over... THEN enter on line 5... Single or head of household S 510,300 S 71,700 Married filing jointly or qualifying widow(er) 1,020,800 111,700 Married filing separately 510,300 55,850 If line 4 is over the amount shown above for your filing status, see instructions. 6 Subtract line 5 from line 4. If more than zero, go to line 7. If zero or less, enter -- here and on lines 7. 9. and 11, and go to line 10 7 If you are filing Form 2555, see instructions for the amount to enter. If you reported capital gain distributions directly on Form 1040 or 1040-SR, line 6: you reported qualified dividends on Form 1040 or 1040-SR, line 3a; or you had a gain on both lines 15 and 16 of Schedule D (Form 1040 or 1040-SR) (as refigured for the AMT, if necessary), complete Part III on the back and enter the amount from line 40 here. . All others: If line 8 is $194.800 or less ($97.400 or less if married filing separately), multiply line 6 by 28% (0.26). Otherwise, multiply line 8 by 28% (0.28) and subtract $3.896 (51,948 if married filing separately) from the result. 8 Alternative minimum tax foreign tax credit (see instructions) 9 Tentative minimum tax. Subtract line 8 from line 7 10 Add Form 1040 or 1040-SR line 12a (minus any tax from Form 4972). and Schedule 2 (Form 1040 or 1040-SR), line 2. Subtract Subtract from the result any foreign tax credit from Schedule 3 (Form 1040 or 1040-SR), line 1. If you used Schedule J to figure your tax on Form 1040 or 1040-SR line 12a, refigure that tax without using Schedule J before completing this line (see instructions) 11 AMT. Subtract line 10 from line 9. If zero or less, enter -- Enter here and on Schedule 2 (Form 1040 or 1040-SR), line 1 r 20 2p 29 2r 25 2t 3 s 4 0 5 6 7 8 9 0 10 11