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Jose and Maria Suarez are married and live at 9876 Main Street, Denver, CO 80205. Joses SSN is 412-34-5670 and Marias SSN is 412-34-5671. For

Jose and Maria Suarez are married and live at 9876 Main Street, Denver, CO 80205. Joses SSN is 412-34-5670 and Marias SSN is 412-34-5671.

For the first five months of the year, Jose was employed by Mountain Mortgage Company. The Form W-2 from Mountain Mortgage contained information in the following boxes:

Wages (box 1) = $ 35,028.52
Federal W/H (box 2) = $ 3,746.89
Social security wages (box 3) = $ 35,028.52
Social security W/H (box 4) = $ 2,171.77
Medicare wages (box 5) = $ 35,028.52
Medicare W/H (box 6) = $ 507.91

Jose was laid off from his job at Mountain Mortgage and was unemployed for three months. He received $1,000 of unemployment insurance payments. The Form 1099-G Jose received from the state of Colorado contained $1,000 of unemployment compensation in box 1 and $100 of federal income tax withholding in box 4.

During the last four months of the year, Jose was employed by First Mountain Bank in Denver. The Form W-2 Jose received from the bank contained information in the following boxes:

Wages (box 1) = $ 17,820.20
Federal W/H (box 2) = $ 1,767.89
Social security wages (box 3) = $ 17,820.20
Social security W/H (box 4) = $ 1,104.85
Medicare wages (box 5) = $ 17,820.20
Medicare W/H (box 6) = $ 258.39

Maria was employed the entire year by Blue Sky Properties in Denver. The Form W-2 Maria received from Blue Sky contained information in the following boxes:

Wages (box 1) = $ 59,181.12
Federal W/H (box 2) = $ 5,490.80
Social security wages (box 3) = $ 59,181.12
Social security W/H (box 4) = $ 3,669.23
Medicare wages (box 5) = $ 59,181.12
Medicare W/H (box 6) = $ 858.13

The Suarezes also received two Forms 1099-INT showing interest they received on two savings accounts. One Form 1099-INT, from the First National Bank of Northeastern Denver, showed interest income of $59.36 in box 1. The other Form 1099-INT, from Second National Bank of Northwestern Denver, showed interest income of $82.45 in box 1.

Jose and Maria had qualifying health care coverage at all times during the tax year.

Required:

Prepare a Form 1040 for Mr. and Mrs. Suarez. (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 round intermediate computations. Round your final answers to the nearest whole dollar amount.)

Tax table 2020

image text in transcribedimage text in transcribed

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P Form 1040 Swim Twarrera 1991 2020 OVNIM U.S. Inchiel IncemeTec Return Le Dry reworten Fling in Ows variedad varied by ISI as of heckOHO Oulling WCA Pse Credor Wholt NF tax waterwerpen Pochescie Choro wwe creare it open TE Judetul Your N N TANIN LSI PER TORRE Fatban, wick Luan Spaudacial security number Hank MUAMO.ben. Acl. 1. Chinna alu. If you watch, abesk RS Pre nero Cheche oral Pring ay wil gol na lunci. Chateau TOWN YOL Spaces FANTA For WMN For peenice LE Amydatny 21, yo, attrarsi away as any Yes Oko Standard Sonsoren Vanden VOLTE desde Deduction IPS VON LE A Blindness Wurton talowy 2 12 DAS Epaus : Waten by 2 12 Dependents Darat 21 Baddoczty TS cantity quario mantar 16 Cadi SENAS TRY J D n 1 Av, www, Y Ahows 1 Arth Y sat There were St. 10 3a . sh & Fut F 4a Tari A PW Tari Ah Weita Be : uh mit Truti 1 Thi, tris * Sw.hs, 1 d. Then you stii come a ihn Tiwrw Sanded Trend 1, tre22 1 Deduction Grey Chesablamalah In added Beratora 513200 Nering 100 CRECI 10. your totalaris tercers 11 NEWS le 112 11:2. The your data granicam . 12 tout SARD 13 bedende wa Mware WiFi De 14 1211 14 19. Sthlm 14w 11.1.-3. For Dachown. Fry Actor Paperwer Modulot with Cel No. THE PORN SNULATION OF AN OFFICIAL USTAX PORN ITS NOT THE OFFICIAL FORMISELE. DO NOT USE THIS FORM FOR TAYFLINGS OR FOR ANY PURPOSE OTHER THOR EDUCATIONAL >> 2001 NEC Education 1000 PG 1940 PG 2 > Fun 1141121201 Question 4 - Chapter 1 - Mastex - + > e 1 I IM ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchurl=https%253A%252F%252Facconline.austincc.edu%252Fwebapps%25... rayLTS. NORS I LLP USE Payr. Fumaca 18 Tan har indumes Chau, der bestemte 0904 214272 Dat 16 Usok IT 18 19 90 241 16 ITAIRE 18 BN 10 had a SOS? 21 AM Sinan VW terwisaving Y Max. in 10 e. 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