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Michael and Elizabeth Willard, age-76 and -58, a married couple, had the following relevant transactions for 2019: Social Security benefits for Michael $34,000 Interest income
Michael and Elizabeth Willard, age-76 and -58, a married couple, had the following relevant transactions for 2019: Social Security benefits for Michael $34,000 Interest income from local bank 7,750 Loss on sale of Tandem Diabetic stock (held from 11/10/2018 to 10/31/2019) - 2,900 Federal income tax quarterly deposits (total) 1,800 Itemized deductions 24,525 SMALL BUSINESS OPERATIONS (Home Cleaning Service) Gross income 49,600 Salaries and wages 20,125 Payroll taxes and expenses 2,125 Supplies 3,950 Business interest expense 1,200 Business property taxes 650 Insurance 760 Miscellaneous business expense 2,845 Complete a Form 1040 with the appropriate Schedules and Forms for 2019 for Michael and Elizabeth Willard. Fill in anything for the SSN and address. Minimum forms required: Form 1040, Schedule 1, Schedule 2, Schedule 3. Michael and Elizabeth Willard, age-76 and -58, a married couple, had the following relevant transactions for 2019: Social Security benefits for Michael $34,000 Interest income from local bank 7,750 Loss on sale of Tandem Diabetic stock (held from 11/10/2018 to 10/31/2019) - 2,900 Federal income tax quarterly deposits (total) 1,800 Itemized deductions 24,525 SMALL BUSINESS OPERATIONS (Home Cleaning Service) Gross income 49,600 Salaries and wages 20,125 Payroll taxes and expenses 2,125 Supplies 3,950 Business interest expense 1,200 Business property taxes 650 Insurance 760 Miscellaneous business expense 2,845 Complete a Form 1040 with the appropriate Schedules and Forms for 2019 for Michael and Elizabeth Willard. Fill in anything for the SSN and address. Minimum forms required: Form 1040, Schedule 1, Schedule 2, Schedule 3
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