MindTap - Cenga X C Search Textbook X how to fill outoux 2010 Qualified D. X Gwhat is qualified X ssignment/takeAssignmentMain.do?invoker-StakeAssignmentSessionLocator-&inprogress-false eBook Calculator Printem Instructions Beverly and Ken's W-2 Forms Beverly and Ken's Form 1099-INT and Form 1099-DIV Instructions Comprehensive Problem 2-1 Beverly and Ken Hair have been married for 3 years. Beverly works as an accountant at Cypress Corporation. Ken is a full-time student at Southwest Missouri State University (SMSU) and also works part-time during the summer at Cypress Corp. Ker's birthdate is January 12, 1993 and Beverly's birthdate is November 4, 1995. Beverly and Ken each received a W-2 form from Cypress Corporation (see separate tab). The Hairs have interest income of $1,000 on City of St. Louis bonds. Beverly and Ken also received a Form 1099-INT from Boatman's Bank and a 1099-DIV form from green Corporation (see separate tab). Ken is an excellent student at SMSU. He was given a $1,750 scholarship by the university to help pay educational expenses. The scholarship funds were used by Ken for tuition and books. Last year, Beverly was laid off from her former job and was unemployed during January 2019. She was paid $1,825 of unemployment compensation until she started work with her current employer, Cypress Corporation Ken has a 4-year-old son, Robert R. Hair, from a prior marriage that ended in divorce in 2014. During 2019, he paid his ex-wife $300 per month in child support. Robert is claimed as a dependent by Ken's ex-wife. During 2019, Ken's aunt died. The aunt, in her will left Ken $15,000 in cash. Ken deposited this money in the Boatman's Bank savings account. Required: Complete the Hairs' Form 1040, Schedule 1, and the Qualified Dividends and Capital Gain Tax Worksheet. The Hair's had health cover for the entire year. They do not want to make any contribution to the presidential election campaign. Make any other realistic assumptions about any missing data. If an amount box does not require an entry or if an amount is zero, enter "O". Enter amounts as positive numbers. If required, round amounts to the nearest dollar. Beverly and Ker's W2 Forms Beverly and Ken's earnings and income tax withholdings are reported on the following W-2 forms from Cypress Corporation: Comore Check My Worces remaining Save and Subuk Assignment All work saved MacBook Air MindTap - Cenga X c Search Textbook X how to fill out us X 2010 Ouled_D X what is quasfedd X y. Assignment/takeAssignmentMain.do?invokerStakeAssignmentSession Locator &inprogress=false eBook Calculator Printem Beverly and Ken's earnings and income tax withholdings are reported on the following W-2 forms from Cypress Corporation: Safe, accurate, a Employee's social security number 465-74-3321 OMB No. 1545-0008 TRS en file Visit the IRS www.insgewerte FASTI Use Employer identification number (EIN) 31-1238967 1 Wages, tips, other compensation 51,000.00 c Employer's name, address, and ZIP code Cypress Corp. 1234 E. Chestnut Parkway Springfield, MO 65802 3 Social security wages 51,000.00 5 Medicare wages and tips 51,000.00 2 Federal income tax withheld 4,790.00 4 Social security tax withheld 3,162.00 6 Medicare tax withheld 739.50 8 Allocated tips 7 Social security tips 10 Dependent care benefits d Control number 12a See instruction for box 12 Last name Sufl. 11 Nonqualified plans e Employee's first name and initial Beverly Hair 3567 River Street Springfield, MO 63126 13 Statutory Retirement Third-party 12b plan Sick pay employee le 12 14 Other more Check My Worming Save and Submit Assignment All work saved MacBook Air MindTap - Cengas X C Search Textbook X how to fill out Qual X 2019 Qualified. Di X G what is qualified d x y ## Assignment/takeAssignmentMain.do?invokeru&takeAssignmentSessionLocator=&inprogress-false eBook Calculator Printem a Employee's social security number 465-57-9934 OMB No. 1545-0008 Safe, accurate, FASTI Use IRS en file vist the IRS website at www.insgewerte b Employer identification number (EIN) 31-1238967 1 Wages, tips, other compensation 2,700.00 2 Federal income tax withheld 0.00 c Employer's name, address, and ZIP code Cypress Corp. 1234 E. Chestnut Parkway Springfield, MO 65802 3 Social security wages 2,700.00 5 Medicare wages and tips 2,700.00 7 Social security tips 4 Social security tax withheld 167.40 6 Medicare tax withheld 39.15 8 Allocated tips 10 Dependent care benefits d Control number Last name Sur 11 Nonqualified plans 12a See instructions for box 12 c e Employee's first name and initial Ken Hair 3567 River Street Springfield, MO 63126 13 Statutory employed Retirement Third-party 12b plan sick pay 0 e 14 Other 120 Comore Check My Worses maning Save and Sub Assig Al work saved MacBook Air MindTap - Ceng X C Search Textbook X how to fill outus K 2019 Qualified Ox what is qualified X x Assignment/takeAssignmentMain.do?invoker-&takeAssignmentSessionLocator &inprogress-false eBook Calculator CORECTED Choy PAYER'S name, street address, city or town, state or province. Payer's RTN (optional) country, ZIP or foreign postal code, and telephone no. OMB No 1545-0012 2019 Interest Income 1 Interest income Boatman's Bank 300 City Avenue Springfield, MO 63126 $ 651.76 Form 1099-INT 2 Early withdrawal penalty PAYER'S TIN RECIPIENTS TIN 5 Copy B 3 Interest on U.S. Savings Bonds and Treas. obligations $ 33-1234566 465-74-3321 For Recipient RECIPIENTS name Beverly and Ken Hair 4 Federal income to withheld 5 5 Investment expenses $ 7 Foreign country or U.S. possession 6 Foreign tax pad Street address (including apno) 3567 River Street $ B Tax-exempt interes City or town, state or province, country, and ZIP or foreign postal S code Springfield, MO 63126 10 Maret discount FATCAP reurements 9 Specified private activity bond interest $ This is important tax information and is being furnished to the IRS. If you are required toarea negerce penalty or other action may be imposed on you this income is taxable and the determines that has not been rested 11 Bond premium more Chey woman Sent for Grading All work saved MacBook Air EM MindTap - Ceng X C Search Textbook X how to fill outus X 2019 Qualified D X what is qualified X Assignment/takeAssignment Main.do?inakerStake AssignmentSessionLocator &inprogress=false eBook Calculator Printem OMSN 1545-0110 PAYER'S name, street address, city or town, state or province, country, ZIP or foreign postal code, and telephone no. 1a Total ordinary dividends $ 300.00 2019 Dividends and Distributions 1b Qualified dividends Green Corporation 900 South Orange Ave. Springfield, MO 63126 $ 300.00 2a Total capital gain Form 1099-DIV 2b Unrecap. Sec. 1250 gain $ RECIPIENTS TIN 2c Segion 1202 gain 2d Collectibles (289) PAYER'S TIN 465-57-9934 $ 33-11223344 $ 3 Nondividend distributions 4 Federal income tax withheld Copy B RECIPIENT'S name For Recipient Ken Hair $ 6 Investment expenses 5 Section 1994 dividends $ Street address (including atro) 7 Foreign tax paid Foreign country or U.S. possession This is important tax information and being furnished to the RS. Ir you are ruired to be return a negligence penalty or other sanction may be 3567 River Street City of town, state or province, country, and ZIP or foreign postal $ code more Check My Worsemang Sub Agent All work saved MacBook Air Gwhat is qualified K MindTap.Cenga X C Search Textbook how to fix 2019 Qualified D X keAssignment takeAssignmentMain.doFinvokerStake AssignmentSession Locator &inprogress-false eBook Calculator Print them 4b 1 Wapes, salaries, tips, etc. Attach Form(s) W-2. 53,700 2a Tax-exempt interest .. Taxable interest. Attach Sch. 2a 652 required Standard 3a Qualified dividends... Deduction for Ordinary dividends. Attach 300 300 Sch. Bit required 3b - Single or 4a TRA distributions 4a Married filing b Taxable amount separately, Pensions and annuities d Taxable amount 4d $12,200 Sa Social security benefits Sa Married fling Sb b Taxable amount jointly or 6 Capital gain or loss). Attach Schedule Drequired. If not required, check here... Qualifying widower). 7a Other income from Schedule 1, line 9 7a 1,335 $24,400 7b 56,477 Add lines 1, 2, 3, 4, 4, 5, 6, and 78. This is your total income household Ba Adjustments to income from Schedule 1, line 22 Sa $18.350 56477 Subtract line from line 7. This is your adjusted gross income If you checked any box under Standard deduction or itemized deductions (from Standard 9 24,400 Schedule A). Deductions Instructions 10 Qualified business income deduction. Attach Form 8995 10 Form 1995- 11a 24,400 110 Add lines 9 and 10 11b b Taxable income. Subtract line lia from line 5b... Cat 113200 Form 1040 (2019) For Disclosure, Privacy Act, and Paperwork Reduction Act Notice, separate instructions b Form 1040 (2019) 12a Tax(senst.) Check if any from Forms: 1 more Chex My Working All saved MacBook Air Gwhat is qualified X - MindTap.Cangas C Search Textbook : x how to i to X 2019 Qualified DX signment/takeAssignment Main.do?invokerStakeAssignmentSessionLocator &inprogress-false Book Calculator Print item 3,425 3,425 3,452 4,790 12a Tax(see Inst.) Check if any from Form(s): 1 8814 2 0 4972 30 12a 3,425 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 14 Subtract line 136 from line 12b. 1 zero or less, enter- 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 17 Federal income tax withheld from Forms W-2 and 1090 17 If you have a 18 Other payments and refundable credits qualifying child 18a a Earned Income credit (LC) attach Sch. EIC . If you have Additional child tax credit. Attach Schedule 8812 nortable 18 combat pay. See American opportunity credit from Form 8863, line 8 instructions. d Schedule 3. line 14 180 e Add lines 18 through 18d. These are your total other payments and refundable Credits 19 19 Add lines 17 and 18e. These are your total payments Refund 20 af line 19 is more than line 16, subtract line 16 from line 19. This is the amount you 20 Overpaid 21a 21a Amount of line 20 you want refunded to you. Form 8858 attached, check here Direct deposit Routing number Type: Checking Savings See instructions d Account number 4,790 1.338 1,338 more Check My Worring Submit went for Grading A worked MacBook Air FO X MindTap - Cenga X C Search Textbook how to fill out Qual X 2019 Qualified DX G what is qualified d X akeAssignment/takeAssignmentMain.do?invokerStakeAssignmentSessionLocator&inprogress-false eBook Calculator Print item Encre rom rom URUS. However you are Form 2555 (relating to foreign earned Income), enter the amount from line 3 of the Foreign Earned Income Tax Worksheet 1. 32,077 JOO Enter the amount from Form 1040 or 1040-SR, line 3a".. 2. 2. 3. Are you filing Schedule D?" Enter the smaller of line 15 or 16 of Yes Schedule D. If either line 15 or line 16 is blank or a loss, enter-O- } 3. Enter the amount from Form 1040 or Form No 1040-SR, line 6 4. Add lines 2 and 3. 4. 5. If filing Form 4952 (used to figure investment interest expense deduction), enter any amount from line 4g of that form. Otherwise, enter -0 S. 6. Subtract line 5 from line 4. If zero or less, enter-O- 7. Subtract line 6 from line 1. If zero or less, enter 300 6. 300 7. 31,777 8. Enter: $39,375 if single or married filing separately. $78,750 if married filing jointly or qualifying widower). $52.750 if head of household. 9. Enter the smaller of line 1 or line 8 } 8 78,750 9. 32,077 10. 10. Enter the smaller of line 7 or line 9 31,777 300 11. Subtract line 10 from line 9. This amount is taxed 0% more Check My Worming Submit Ass All work saved MacBook Air MindTap - Cengas X C Search Textbook X how to fill outQua X 2010 Qualified DX Gwhat is qualified d x y * Assignment/takeAssignmentMain.do?invoker-&takeAssignmentSession Locator=&inprogress-false eBook Calculator Print them 14. 14. Subtract line 13 from line 12 15. Enter: } 15. $434,550 if single, $244,425 if married filling separately. $488,850 if married ing jointly or qualifying widower). $461,700 if head of household 16. Enter the smaller of line 1 or line 15 17. Add lines 7 and 11 17. 18. Subtract line 17 from line 16. If zero or less, enter-O- 18. 19. Enter the smaller of line 14 or line 18 19. 20. Multiply line 19 by 15% (0.15) 20. 21. Add lines 11 and 19 21. 22. Subtract line 21 from line 12 22. 23. Multiply line 22 by 20% (0.20) 23. 24. Figure the tax on the amount on line 7. If the amount on line 7 is less than $100,000, use the Tax Table to figure the tax. If the amount on line 7 is $100.000 or more, use the Tax Computation Worksheet 24. 25. Add lines 20,23 and 24. 25. 26. Figure the tax on the amount on line 1. If the amount on line 1 is less than $100,000, use the Tax Table to figure the tax. If the amount on line 1 is $100,000 or more, use the Tax Computation Worksheet ...... 26. 27. Tax on all taxable income. Enter the smaller of line 25 or 26. Also include this amount on the entry space on Form 1040 or 1040-SR, line 128. If you are in Form 2555, don't enter this amount on the entry space on Form 27 1040 1040-5R, line 12. Instead, enteri on line 4 of the Foreign Earned Income Tax Worksheet ... - If you are in Form 2555, see the footnote in the Foreign Earned Income Tax Worksheet before coming the more Check My Wortes remaining Subiente MacBook Air MindTap - Cenga X C Search Textbook X how to fill outoux 2010 Qualified D. X Gwhat is qualified X ssignment/takeAssignmentMain.do?invoker-StakeAssignmentSessionLocator-&inprogress-false eBook Calculator Printem Instructions Beverly and Ken's W-2 Forms Beverly and Ken's Form 1099-INT and Form 1099-DIV Instructions Comprehensive Problem 2-1 Beverly and Ken Hair have been married for 3 years. Beverly works as an accountant at Cypress Corporation. Ken is a full-time student at Southwest Missouri State University (SMSU) and also works part-time during the summer at Cypress Corp. Ker's birthdate is January 12, 1993 and Beverly's birthdate is November 4, 1995. Beverly and Ken each received a W-2 form from Cypress Corporation (see separate tab). The Hairs have interest income of $1,000 on City of St. Louis bonds. Beverly and Ken also received a Form 1099-INT from Boatman's Bank and a 1099-DIV form from green Corporation (see separate tab). Ken is an excellent student at SMSU. He was given a $1,750 scholarship by the university to help pay educational expenses. The scholarship funds were used by Ken for tuition and books. Last year, Beverly was laid off from her former job and was unemployed during January 2019. She was paid $1,825 of unemployment compensation until she started work with her current employer, Cypress Corporation Ken has a 4-year-old son, Robert R. Hair, from a prior marriage that ended in divorce in 2014. During 2019, he paid his ex-wife $300 per month in child support. Robert is claimed as a dependent by Ken's ex-wife. During 2019, Ken's aunt died. The aunt, in her will left Ken $15,000 in cash. Ken deposited this money in the Boatman's Bank savings account. Required: Complete the Hairs' Form 1040, Schedule 1, and the Qualified Dividends and Capital Gain Tax Worksheet. The Hair's had health cover for the entire year. They do not want to make any contribution to the presidential election campaign. Make any other realistic assumptions about any missing data. If an amount box does not require an entry or if an amount is zero, enter "O". Enter amounts as positive numbers. If required, round amounts to the nearest dollar. Beverly and Ker's W2 Forms Beverly and Ken's earnings and income tax withholdings are reported on the following W-2 forms from Cypress Corporation: Comore Check My Worces remaining Save and Subuk Assignment All work saved MacBook Air MindTap - Cenga X c Search Textbook X how to fill out us X 2010 Ouled_D X what is quasfedd X y. Assignment/takeAssignmentMain.do?invokerStakeAssignmentSession Locator &inprogress=false eBook Calculator Printem Beverly and Ken's earnings and income tax withholdings are reported on the following W-2 forms from Cypress Corporation: Safe, accurate, a Employee's social security number 465-74-3321 OMB No. 1545-0008 TRS en file Visit the IRS www.insgewerte FASTI Use Employer identification number (EIN) 31-1238967 1 Wages, tips, other compensation 51,000.00 c Employer's name, address, and ZIP code Cypress Corp. 1234 E. Chestnut Parkway Springfield, MO 65802 3 Social security wages 51,000.00 5 Medicare wages and tips 51,000.00 2 Federal income tax withheld 4,790.00 4 Social security tax withheld 3,162.00 6 Medicare tax withheld 739.50 8 Allocated tips 7 Social security tips 10 Dependent care benefits d Control number 12a See instruction for box 12 Last name Sufl. 11 Nonqualified plans e Employee's first name and initial Beverly Hair 3567 River Street Springfield, MO 63126 13 Statutory Retirement Third-party 12b plan Sick pay employee le 12 14 Other more Check My Worming Save and Submit Assignment All work saved MacBook Air MindTap - Cengas X C Search Textbook X how to fill out Qual X 2019 Qualified. Di X G what is qualified d x y ## Assignment/takeAssignmentMain.do?invokeru&takeAssignmentSessionLocator=&inprogress-false eBook Calculator Printem a Employee's social security number 465-57-9934 OMB No. 1545-0008 Safe, accurate, FASTI Use IRS en file vist the IRS website at www.insgewerte b Employer identification number (EIN) 31-1238967 1 Wages, tips, other compensation 2,700.00 2 Federal income tax withheld 0.00 c Employer's name, address, and ZIP code Cypress Corp. 1234 E. Chestnut Parkway Springfield, MO 65802 3 Social security wages 2,700.00 5 Medicare wages and tips 2,700.00 7 Social security tips 4 Social security tax withheld 167.40 6 Medicare tax withheld 39.15 8 Allocated tips 10 Dependent care benefits d Control number Last name Sur 11 Nonqualified plans 12a See instructions for box 12 c e Employee's first name and initial Ken Hair 3567 River Street Springfield, MO 63126 13 Statutory employed Retirement Third-party 12b plan sick pay 0 e 14 Other 120 Comore Check My Worses maning Save and Sub Assig Al work saved MacBook Air MindTap - Ceng X C Search Textbook X how to fill outus K 2019 Qualified Ox what is qualified X x Assignment/takeAssignmentMain.do?invoker-&takeAssignmentSessionLocator &inprogress-false eBook Calculator CORECTED Choy PAYER'S name, street address, city or town, state or province. Payer's RTN (optional) country, ZIP or foreign postal code, and telephone no. OMB No 1545-0012 2019 Interest Income 1 Interest income Boatman's Bank 300 City Avenue Springfield, MO 63126 $ 651.76 Form 1099-INT 2 Early withdrawal penalty PAYER'S TIN RECIPIENTS TIN 5 Copy B 3 Interest on U.S. Savings Bonds and Treas. obligations $ 33-1234566 465-74-3321 For Recipient RECIPIENTS name Beverly and Ken Hair 4 Federal income to withheld 5 5 Investment expenses $ 7 Foreign country or U.S. possession 6 Foreign tax pad Street address (including apno) 3567 River Street $ B Tax-exempt interes City or town, state or province, country, and ZIP or foreign postal S code Springfield, MO 63126 10 Maret discount FATCAP reurements 9 Specified private activity bond interest $ This is important tax information and is being furnished to the IRS. If you are required toarea negerce penalty or other action may be imposed on you this income is taxable and the determines that has not been rested 11 Bond premium more Chey woman Sent for Grading All work saved MacBook Air EM MindTap - Ceng X C Search Textbook X how to fill outus X 2019 Qualified D X what is qualified X Assignment/takeAssignment Main.do?inakerStake AssignmentSessionLocator &inprogress=false eBook Calculator Printem OMSN 1545-0110 PAYER'S name, street address, city or town, state or province, country, ZIP or foreign postal code, and telephone no. 1a Total ordinary dividends $ 300.00 2019 Dividends and Distributions 1b Qualified dividends Green Corporation 900 South Orange Ave. Springfield, MO 63126 $ 300.00 2a Total capital gain Form 1099-DIV 2b Unrecap. Sec. 1250 gain $ RECIPIENTS TIN 2c Segion 1202 gain 2d Collectibles (289) PAYER'S TIN 465-57-9934 $ 33-11223344 $ 3 Nondividend distributions 4 Federal income tax withheld Copy B RECIPIENT'S name For Recipient Ken Hair $ 6 Investment expenses 5 Section 1994 dividends $ Street address (including atro) 7 Foreign tax paid Foreign country or U.S. possession This is important tax information and being furnished to the RS. Ir you are ruired to be return a negligence penalty or other sanction may be 3567 River Street City of town, state or province, country, and ZIP or foreign postal $ code more Check My Worsemang Sub Agent All work saved MacBook Air Gwhat is qualified K MindTap.Cenga X C Search Textbook how to fix 2019 Qualified D X keAssignment takeAssignmentMain.doFinvokerStake AssignmentSession Locator &inprogress-false eBook Calculator Print them 4b 1 Wapes, salaries, tips, etc. Attach Form(s) W-2. 53,700 2a Tax-exempt interest .. Taxable interest. Attach Sch. 2a 652 required Standard 3a Qualified dividends... Deduction for Ordinary dividends. Attach 300 300 Sch. Bit required 3b - Single or 4a TRA distributions 4a Married filing b Taxable amount separately, Pensions and annuities d Taxable amount 4d $12,200 Sa Social security benefits Sa Married fling Sb b Taxable amount jointly or 6 Capital gain or loss). Attach Schedule Drequired. If not required, check here... Qualifying widower). 7a Other income from Schedule 1, line 9 7a 1,335 $24,400 7b 56,477 Add lines 1, 2, 3, 4, 4, 5, 6, and 78. This is your total income household Ba Adjustments to income from Schedule 1, line 22 Sa $18.350 56477 Subtract line from line 7. This is your adjusted gross income If you checked any box under Standard deduction or itemized deductions (from Standard 9 24,400 Schedule A). Deductions Instructions 10 Qualified business income deduction. Attach Form 8995 10 Form 1995- 11a 24,400 110 Add lines 9 and 10 11b b Taxable income. Subtract line lia from line 5b... Cat 113200 Form 1040 (2019) For Disclosure, Privacy Act, and Paperwork Reduction Act Notice, separate instructions b Form 1040 (2019) 12a Tax(senst.) Check if any from Forms: 1 more Chex My Working All saved MacBook Air Gwhat is qualified X - MindTap.Cangas C Search Textbook : x how to i to X 2019 Qualified DX signment/takeAssignment Main.do?invokerStakeAssignmentSessionLocator &inprogress-false Book Calculator Print item 3,425 3,425 3,452 4,790 12a Tax(see Inst.) Check if any from Form(s): 1 8814 2 0 4972 30 12a 3,425 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 14 Subtract line 136 from line 12b. 1 zero or less, enter- 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 17 Federal income tax withheld from Forms W-2 and 1090 17 If you have a 18 Other payments and refundable credits qualifying child 18a a Earned Income credit (LC) attach Sch. EIC . If you have Additional child tax credit. Attach Schedule 8812 nortable 18 combat pay. See American opportunity credit from Form 8863, line 8 instructions. d Schedule 3. line 14 180 e Add lines 18 through 18d. These are your total other payments and refundable Credits 19 19 Add lines 17 and 18e. These are your total payments Refund 20 af line 19 is more than line 16, subtract line 16 from line 19. This is the amount you 20 Overpaid 21a 21a Amount of line 20 you want refunded to you. Form 8858 attached, check here Direct deposit Routing number Type: Checking Savings See instructions d Account number 4,790 1.338 1,338 more Check My Worring Submit went for Grading A worked MacBook Air FO X MindTap - Cenga X C Search Textbook how to fill out Qual X 2019 Qualified DX G what is qualified d X akeAssignment/takeAssignmentMain.do?invokerStakeAssignmentSessionLocator&inprogress-false eBook Calculator Print item Encre rom rom URUS. However you are Form 2555 (relating to foreign earned Income), enter the amount from line 3 of the Foreign Earned Income Tax Worksheet 1. 32,077 JOO Enter the amount from Form 1040 or 1040-SR, line 3a".. 2. 2. 3. Are you filing Schedule D?" Enter the smaller of line 15 or 16 of Yes Schedule D. If either line 15 or line 16 is blank or a loss, enter-O- } 3. Enter the amount from Form 1040 or Form No 1040-SR, line 6 4. Add lines 2 and 3. 4. 5. If filing Form 4952 (used to figure investment interest expense deduction), enter any amount from line 4g of that form. Otherwise, enter -0 S. 6. Subtract line 5 from line 4. If zero or less, enter-O- 7. Subtract line 6 from line 1. If zero or less, enter 300 6. 300 7. 31,777 8. Enter: $39,375 if single or married filing separately. $78,750 if married filing jointly or qualifying widower). $52.750 if head of household. 9. Enter the smaller of line 1 or line 8 } 8 78,750 9. 32,077 10. 10. Enter the smaller of line 7 or line 9 31,777 300 11. Subtract line 10 from line 9. This amount is taxed 0% more Check My Worming Submit Ass All work saved MacBook Air MindTap - Cengas X C Search Textbook X how to fill outQua X 2010 Qualified DX Gwhat is qualified d x y * Assignment/takeAssignmentMain.do?invoker-&takeAssignmentSession Locator=&inprogress-false eBook Calculator Print them 14. 14. Subtract line 13 from line 12 15. Enter: } 15. $434,550 if single, $244,425 if married filling separately. $488,850 if married ing jointly or qualifying widower). $461,700 if head of household 16. Enter the smaller of line 1 or line 15 17. Add lines 7 and 11 17. 18. Subtract line 17 from line 16. If zero or less, enter-O- 18. 19. Enter the smaller of line 14 or line 18 19. 20. Multiply line 19 by 15% (0.15) 20. 21. Add lines 11 and 19 21. 22. Subtract line 21 from line 12 22. 23. Multiply line 22 by 20% (0.20) 23. 24. Figure the tax on the amount on line 7. If the amount on line 7 is less than $100,000, use the Tax Table to figure the tax. If the amount on line 7 is $100.000 or more, use the Tax Computation Worksheet 24. 25. Add lines 20,23 and 24. 25. 26. Figure the tax on the amount on line 1. If the amount on line 1 is less than $100,000, use the Tax Table to figure the tax. If the amount on line 1 is $100,000 or more, use the Tax Computation Worksheet ...... 26. 27. Tax on all taxable income. Enter the smaller of line 25 or 26. Also include this amount on the entry space on Form 1040 or 1040-SR, line 128. If you are in Form 2555, don't enter this amount on the entry space on Form 27 1040 1040-5R, line 12. Instead, enteri on line 4 of the Foreign Earned Income Tax Worksheet ... - If you are in Form 2555, see the footnote in the Foreign Earned Income Tax Worksheet before coming the more Check My Wortes remaining Subiente MacBook Air