Question
Jose and Dora Hernandez are married filing jointly. They are 50 and 45 years old, respectively. Their address is 32010 Lake Street, Atlanta, GA 30294.
Jose and Dora Hernandez are married filing jointly. They are 50 and 45 years old, respectively. Their address is 32010 Lake Street, Atlanta, GA 30294. Additional information about Mr. and Mrs. Hernandez is as follows:
Social security number: | |
Jose: 412-34-5670 | |
Date of birth: 4/23/1970 | |
W-2 for Jose shows these amounts: | |
Wages (box 1) = | $ 45,800.00 |
---|---|
Federal W/H (box 2) = | $ 4,038.00 |
Social security wages (box 3) = | $ 45,800.00 |
Social security W/H (box 4) = | $ 2,839.60 |
Medicare wages (box 5) = | $ 45,800.00 |
Medicare W/H (box 6) = | $ 664.10 |
Social security number: | |
Dora: 412-34-5671 | |
Date of birth: 7/12/1975 | |
W-2 for Dora shows these amounts: | |
Wages (box 1) = | $ 31,000.00 |
---|---|
Federal W/H (box 2) = | $ 2,290.00 |
Social security wages (box 3) = | $ 31,000.00 |
Social security W/H (box 4) = | $ 1,922.00 |
Medicare wages (box 5) = | $ 31,000.00 |
Medicare W/H (box 6) = | $ 449.50 |
Form 1099-INT for Jose and Dora shows this amount:
Box 1 = $300.00 from City Bank.
Dependent: Daughter Adela is 5 years old. Her date of birth is 3/15/2015. Her social security number is 412-34-5672.
Jose is a store manager, and Dora is a receptionist.
Required:
Prepare Form 1040 plus all the appropriate Schedules and worksheets for Mr. and Mrs. Hernandez for 2020. They are entitled to a $2,000 child tax credit. For now, enter the credit on the appropriate line of the form. They want to contribute to the presidential election campaign. Mr. and Mrs. Hernandez had qualifying health care coverage at all times during the tax year. (List the names of the taxpayers in the order in which they appear in the problem. Input all the values as positive numbers. Do not skip rows, while entering in Dependents section of Form 1040 PG1.)
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