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Lance H . and Wanda B . Dean are married and live at 4 3 1 Yucca Drive, Santa Fe , NM 8 7 5

Lance H. and Wanda B. Dean are married and live at 431 Yucca Drive, Santa Fe, NM 87501. Lance works for the
convention bureau of the local Chamber of Commerce, and Wanda is employed part-time as a paralegal for a law firm.
During 2023, the Deans had the following receipts:
Wanda was previously married to John Allen. When they divorced several years ago, Wanda was awarded custody of
their two children, Penny and Kyle. Under the divorce decree, John was obligated to pay alimony and child support-
the alimony payments terminated in 2016 when Wanda remarried but the child support payments continue.
The Deans had the following expenditures for 2023:
Penny graduated from high school on May 9,2023, and is undecided about college. During 2023, she earned $8,500
(placed in a savings account) playing a harp in the lobby of a local hotel. Wayne is Wanda's widower father who died
on December 20,2023. For the past few years, Wayne qualified as a dependent of the Deans.
Required:
Compute Lance and Wanda's 2023 Federal income tax payable (or refund due). Use Form 1040 and Schedule 1 to
complete this tax return. If there is a tax overpayment, the Deans would like a refund. If additional tax is due,
assume no underpayment penalty applies.
It may be necessary to complete schedule 1 before completing Form 1040.
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