Need help with checking the solution to the following problem.I know for sure that lines 38, 43, 63, 74, and 75 are correct. If something is incorrect, please provide guidance on how to fix it. Thank you

Alfred E. Old and Beulah A. Crane, each age 42, married on September 7, 2013. Alfred and Beulah will file a joint return for 2015. Alfred's Social Security number is 111-11-1112. Beulah's Social Security number is 123-45-6789, and she adopted "Old" as her married name. They live at 211 Brickstone Drive, Atlanta, GA 30304. Alfred was divorced from Sarah Old in March 2013. Under the divorce agreement, Alfred is to pay Sarah $1,250 per month for the next 10 years or until Sarah's death, whichever occurs first. Alfred pays Sarah $15,000 in 2015. In addition, in January 2015, Alfred pays Sarah $50,000, which is designated as being for her share of the marital property. Also, Alfred is responsible for all prior years' income taxes. Sarah's Social Security number is 123-45-6788.

Alfred's salary for 2015 is $150,000, and his employer, Cherry, Inc. (Federal I.D. No. 98-7654321), provides him with group term life insurance equal to twice his annual salary. His employer withheld $24,900 for Federal income taxes and $8,000 for state income taxes. The proper amounts were withheld for FICA taxes.

Beulah recently graduated from law school and is employed by Legal Aid Society, Inc. (Federal I.D. No. 11-1111111), as a public defender. She receives a salary of $40,000 in 2015. Her employer withheld $7,500 for Federal income taxes and $2,400 for state income taxes. The proper amounts were withheld for FICA taxes. Beulah has $2,500 in qualified dividends on Yellow Corporation stock she inherited. Alfred and Beulah receive a $1,900 refund on their 2014 state income taxes. They itemized deductions on their 2014 Federal income tax return (total of $15,000). Alfred and Beulah pay $4,500 interest and $1,450 property taxes on their personal residence in 2015. Their charitable contributions total $2,400 (all to their church). They paid sales taxes of $1,400, for which they maintain the receipts. Both spouses had health insurance for all months of 2015 and do not want to contribute to the Presidential Election Campaign.

Compute the Olds' net tax payable (or refund due) for 2015. If you use tax forms for your solution, you will need Form 1040 and Schedules A and B. Suggested software: H&RBLOCKTax Software.

1040 (99) F Department of the TreasuryInternal Revenue Service o r m For the year Jan. 1-Dec. 31, 2015, or other tax year beginning U.S. Individual Income Tax Return Your first name and initial 2015 OMB No. 1545-0074 , 2015, ending IRS Use OnlyDo not write or staple in this space. , 20 Last name Alfred E Old If a joint return, spouse's first name and initial Beulah See separate instructions. Your social security number A 111-11-1112 Last name Spouse's social security number Crane 123-45-6789 Home address (number and street). If you have a P.O. box, see instructions. Apt. no. Make sure the SSN(s) above and on line 6c are correct. 211 Brickstone Drive City, town or post office, state, and ZIP code. If you have a foreign address, also complete spaces below (see instructions). Atlanta GA Foreign country name Foreign province/state/county Filing Status 1 Check only one box. 3 Exemptions 6a Foreign postal code Single Married filing separately. Enter spouse's SSN above and full name here. Check here if you, or your spouse if filing jointly, want $3 to go to this fund. Checking a box below will not change your tax or refund You Spouse 4 Head of household (with qualifying person). (See instr.) If the qualifying person is a child but not your dependent, enter this child's name here. 5 Qualifying widow(er) with dependent child 2 X Married filing jointly (even if only one had income) b c Presidential Election Campaign 30304 Boxes checked on 6a and 6b X Yourself. If someone can claim you as a dependent, do not check box 6a . . . . . . . X Spouse . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Dependents: (1) First name Last name (2) Dependent's social security number (3) Dependent's relationship to you (4) X if child under age 17 qualifying for child tax credit (see instructions) If more than four dependents, see instructions and check here Attach Form(s) W-2 here. Also attach Forms W-2G and 1099-R if tax was withheld. If you did not get a W-2, see instructions. Adjusted Gross Income 8a b 9a b lived with you did not live with you due to divorce or separation (see instructions) 2 190,000 0 9a 2,500 1,900 . . . . . . . 10 11 12 13 14 15b 16b 17 18 19 20b _ _ _ _ _ _ _ _ _ _ Group _ _ _ _ _ _term _ _ _ _life _ _ _ _ _insur _______ 21 300 194,700 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0 . 8b . . . . . . . . . . . . . . 2,500 . 9b Taxable refunds, credits, or offsets of state and local income taxes . . . . . . . . . . . . . Alimony received . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Business income or (loss). Attach Schedule C or C-EZ . . . . . . . . . . . . . . . . . . . . Capital gain or (loss). Attach Schedule D if required. If not required, check here . . . . . . . . . . . . . . . . . . Other gains or (losses). Attach Form 4797 . . . . . . . . . . . . . . . . . . . . . . . . . . IRA distributions . . . . . . . . . . . . . . 15a b Taxable amount Pensions and annuities . . . . . . . . . . 16a b Taxable amount Rental real estate, royalties, partnerships, S corporations, trusts, etc. Attach Schedule E . . Farm income or (loss). Attach Schedule F . . . . . . . . . . . . . . . . . . . . . . . . . . Unemployment compensation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Social security benefits b Taxable amount . . . . . 20a 21 Other income. List type and amount 22 23 24 Combine the amounts in the far right column for lines 7 through 21. This is your total income 0 Educator expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23 Certain business expenses of reservists, performing artists, and 0 fee-basis government officials. Attach Form 2106 or 2106-EZ . . . . . . . 24 0 25 Health savings account deduction. Attach Form 8889 . . . . . . . . . . . 0 26 Moving expenses. Attach Form 3903 . . . . . . . . . . . . . . . . . . . 0 27 Deductible part of self-employment tax. Attach Schedule SE . . . . . . . 0 Self-employed SEP, SIMPLE, and qualified plans . . . . . . . . . . . . . 28 Self-employed health insurance deduction . . . . . . . . . . . . . . . . . 29 0 Penalty on early withdrawal of savings . . . . . . . . . . . . . . . . . . . 30 123-45-6788 15,000 31a Alimony paid b Recipient's SSN 0 IRA deduction . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 32 33 Student loan interest deduction . . . . . . . . . . . . . . . . . . . . . . 34 Tuition and fees. Attach Form 8917 . . . . . . . . . . . . . . . . . . . . 0 Domestic production activities deduction. Attach Form 8903 . . . . . . . 35 25 26 27 28 29 30 31a 32 Add numbers on lines above 8a Taxable interest. Attach Schedule B if required . . . . Tax-exempt interest. Do not include on line 8a . . . . Ordinary dividends. Attach Schedule B if required . . Qualified dividends . . . . . . . . . . . . . . . . . . 10 11 12 13 14 15a 16a 17 18 19 20a 33 KIA Dependents on 6c not entered above d Total number of exemptions claimed . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7 Wages, salaries, tips, etc. Attach Form(s) W-2 . . . . . . . . . . . . . . . . . . . . . . . . . . . Income 2 No. of children on 6c who: . . . . . . . . . . . . . . . . . . . . . . . 34 35 36 Add lines 23 through 35 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 37 Subtract line 36 from line 22. This is your adjusted gross income . . . . . . . . . . . . . . . . For Disclosure, Privacy Act, and Paperwork Reduction Act Notice, see separate instructions. 7 22 36 37 0 0 0 0 0 15,000 179,700 Form 1040 (2015) Alfred Form 1040 (2015) Tax and Credits Standard Deduction for People who check any box on line 39a or 39b or who can be claimed as a dependent, see instructions. All others: Single or Married filing separately, $6,300 Married filing jointly or Qualifying widow(er), $12,600 Head of household, $9,250 Other Taxes Payments If you have a qualifying child, attach Schedule EIC. Direct deposit? See instructions. Amount from line 37 (adjusted gross income) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Blind. You were born before January 2, 1951, 39a Check Total boxes 0 checked 39a if: Spouse was born before January 2, 1951, Blind. 39b b If your spouse itemizes on a separate return or you were a dual-status alien, check here 38 40 Itemized deductions (from Schedule A) or your standard deduction (see left margin) . . . . . . 40 41 Subtract line 40 from line 38 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 41 42 Exemptions. If line 38 is $154,950 or less, multiply $4,000 by the number on line 6d. Otherwise, see instructions 43 Taxable income. Subtract line 42 from line 41. If line 42 is more than line 41, enter -0- 44 Tax (see instructions). Check if any from: 45 46 Alternative minimum tax (see instructions). Attach Form 6251 47 Add lines 44, 45, and 46 Joint return? See instructions. Keep a copy for your records. Paid Preparer Use Only KIA a Form(s) 8814 b Form 4972 . 42 . . . . . . . . . . . . . . 43 . . . . . . . . . . . . . . . . . 46 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 47 Foreign tax credit. Attach Form 1116 if required Credit for child and dependent care expenses. Attach Form 2441 50 Education credits from Form 8863, line 19 51 Retirement savings contributions credit. Attach Form 8880 . . . . . . . 51 52 53 Child tax credit. Attach Schedule 8812, if required . . . . . . . . . . . Residential energy credits. Attach Form 5695 . . . . . . . . . . . . . . 52 54 Other credits from Form: a 54 55 56 Add lines 48 through 54. These are your total credits . . . . . . . . . . . . . . . . . . . . . . . . Subtract line 55 from line 47. If line 55 is more than line 47, enter -0. . . . . . . . . . . . . . 55 57 Self-employment tax. Attach Schedule SE 57 58 . . . . . . . . . . . . . 0 49 3800 b 48 . . . 49 . . . . . . . . . . . . . . . 50 0 0 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Unreported social security and Medicare tax from Form: 4137 b 8919 . . . . . . . 59 Additional tax on IRAs, other qualified retirement plans, etc. Attach Form 5329 if required . . . . . 60 a Household employment taxes from Schedule H . . . . . . . . . . . . . . . . . . . . . . . . . . . b First-time homebuyer credit repayment. Attach Form 5405 if required . . . . . . . . . . . . . . . . 61 Health care: individual responsibility (see instructions) 62 Taxes from: a 63 Add lines 56 through 62. This is your total tax 64 65 2015 estimated tax payments and amount applied from 2014 return Form 8959 b Form 8960 c 29,575 53 8801 c a 18,750 160,950 8,000 152,950 29,575 0 45 . . . . . . . . . . . . . . . . . . . . . . . . Excess advance premium tax credit repayment. Attach Form 8962 Page 2 179,700 44 c 48 Full-year coverage X . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 32,400 64 Federal income tax withheld from Forms W-2 and 1099 . . . . . . . . . . . 0 29,575 0 0 0 0 0 0 0 29,575 56 58 59 60a 60b 61 62 Instructions; enter code(s) 66a Earned income credit (EIC) . . . . . . . . . . . . . . . . . . . . . . . 66b b Nontaxable combat pay election . . . . 67 Additional child tax credit. Attach Schedule 8812 . . . . . . . . . . . . 68 American opportunity credit from Form 8863, line 8 . . . . . . . . . . . 63 0 65 66a 67 . . . . . . . . . . . . . . . . 68 69 . . . . . . . . . . . . . . 70 69 Net premium tax credit. Attach Form 8962 70 Amount paid with request for extension to file 71 Excess social security and tier 1 RRTA tax withheld . . . . . . . . . . . 71 72 73 Credit for federal tax on fuels. Attach Form 4136 . . . . . . . . . . . . Credits from Form: Reserved c 8885 d a 2439 b Add lines 64, 65, 66a, and 67 through 73. These are your total payments 72 0 73 . . . . . . . . . . . 75 If line 74 is more than line 63, subtract line 63 from line 74. This is the amount you overpaid 76a Amount of line 75 you want refunded to you. If Form 8888 is attached, check here . . . . b Routing number XXXXXXXXX c Type: X Checking Savings d Account number XXXXXXXXXXXXXXXXX 0 . . . 32,400 2,825 2,825 74 75 76a 0 77 78 Amount you owe. Subtract line 74 from line 63. For details on how to pay, see instructions . . 78 79 Estimated tax penalty (see instructions) . . . . . . . . . . . . . . . . . 79 Do you want to allow another person to discuss this return with the IRS (see instructions)? Yes. Complete below 77 Amount You Owe Third Party Designee Sign Here 111-11-1112 38 74 Refund E Old Amount of line 75 you want applied to your 2016 estimated tax Designee's name Phone no. X No Personal identification number (PIN) Under penalties of perjury, I declare that I have examined this return and accompanying schedules and statements, and to the best of my knowledge and belief, they are true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge. Your signature Date Your occupation Daytime phone number office Spouse's signature. If a joint return, both must sign. Print/Type preparer's name Preparer's signature Date Spouse's occupation public defender Date Firm's name Firm's EIN Firm's address Phone no. www.irs.gov/form1040 If the IRS sent you an Identity Protection PIN, enter it here (see inst.) Check if self-employed PTIN Form 1040 (2015) SCHEDULE A (Form 1040) Itemized Deductions OMB No. 1545-0074 2015 Information about Schedule A and its separate instructions is at www.irs.gov/schedulea. Department of the Treasury (99) Internal Revenue Service Name(s) shown on Form 1040 Alfred Medical and Dental Expenses Taxes You Paid 1 2 3 4 5 6 7 8 Attachment Sequence No. Attach to Form 1040. E Old 111-11-1112 Caution. Do not include expenses reimbursed or paid by others. Medical and dental expenses (see instructions) . . . . . . . . . 179,700 Enter amount from Form 1040, line 38 . . 2 Multiply line 2 by 10% (.10). But if either you or your spouse was born before January 2, 1951, multiply line 2 by 7.5% (.075) instead . 1 0 3 17,970 Subtract line 3 from line 1. If line 3 is more than line 1, enter -0. . . . . . . . . . . . . State and local (check only one box): a. X Income taxes, or 10,400 5 . . . . . . . . . . . . . . . . . . b. General sales taxes 1,450 Real estate taxes (see instructions) . . . . . . . . . . . . . . . . 6 Personal property taxes . . . . . . . . . . . . . . . . . . . . . . Other taxes. List type and amount _______________ ___________________________________ Note. Your mortgage interest deduction may be limited (see instructions). Gifts to Charity If you made a gift and got a benefit for it, see instructions. 9 Add lines 5 through 8 10 Home mortgage interest and points reported to you on Form 1098 . . . . . . . . . . 11 Home mortgage interest not reported to you on Form 1098. If paid to the person from whom you bought the home, see instructions and show that person's name, identifying no., and address ___________________________________ ___________________________________ __________________________________ 12 Points not reported to you on Form 1098. See instructions for special rules . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13 Mortgage insurance premiums (see instructions) . . . . . . . . . 14 Investment interest. Attach Form 4952 if required. (See instructions.) . 15 Add lines 10 through 14 . . . . . . . . . . . . . . . . . . . . . . 16 Gifts by cash or check. If you made any gift of $250 or more, see instructions . . . . . . . . . . . . . . . . . . . . . . 17 Other than by cash or check. If any gift of $250 or more, see instructions. You must attach Form 8283 if over $500 . . 18 Carryover from prior year . . . . . . . . . . . . . . . . . 19 Add lines 16 through 18 . . . . . . . . . . . . . . . . . . 10 4,500 11 0 12 13 0 0 14 . . . . . . . . . . . . . . . . 16 Casualty and . . . . . . . . . . . . . Theft Losses 20 Casualty or theft loss(es). Attach Form 4684. (See instructions.) Job Expenses 21 Unreimbursed employee expensesjob travel, union dues, job education, etc. Attach Form 2106 or 2106-EZ if required. and Certain (See instructions.) _______________________ Miscellaneous ___________________________________ 0 21 Deductions ___________________________________ 24 25 26 27 28 0 9 11,850 15 4,500 19 2,400 20 0 2,400 0 . . . . 17 0 . . . . 18 . . . . . . . . . . . . . . . . 22 Tax preparation fees . . . . . . . . . . . . . . . . . . . . . . . . 23 Other expensesinvestment, safe deposit box, etc. List type and amount _________________________ 4 0 7 0 8 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Interest You Paid 07 Your social security number 22 0 23 __________________________________ 0 Add lines 21 through 23 . . . . . . . . . . . . . . . . . . . . . . 24 179,700 Enter amount from Form 1040, line 38 . . 25 3,594 Multiply line 25 by 2% (.02) . . . . . . . . . . . . . . . . . . . . 26 Subtract line 26 from line 24. If line 26 is more than line 24, enter -0- . . . . . . . . . . . 27 Otherfrom list in instructions. List type and amount ________________ ________________________________________________ 28 Other Miscellaneous Deductions 29 Is Form 1040, line 38, over $154,950? Total No. Your deduction is not limited. Add the amounts in the far right column Itemized for lines 4 through 28. Also, enter this amount on Form 1040, line 40. Deductions X Yes. Your deduction may be limited. See the Itemized Deductions . . . . . . . 29 0 0 18,750 Worksheet in the instructions to figure the amount to enter. 30 If you elect to itemize deductions even though they are less than your standard KIA deduction, check here . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . For Paperwork Reduction Act Notice, see Form 1040 instructions. X Schedule A (Form 1040) 2015 SCHEDULE B Interest and Ordinary Dividends (Form 1040A or 1040) OMB No. 1545-0074 2015 Attach to Form 1040A or 1040. Department of the Treasury (99) Internal Revenue Service Name(s) shown on return Alfred 1 Part I Interest E Part II 08 Your social security number Old 111-11-1112 Amount List name of payer. If any interest is from a seller-financed mortgage and the buyer used the property as a personal residence, see instructions and list this interest first. Also, show that buyer's social security number and address (See instructions for Schedule B, and the instructions for Form 1040A, or Form 1040, line 8a.) Note: If you received a Form 1099-INT, Form 1099-OID, or substitute statement from a brokerage firm, list the firm's name as the payer and enter the total interest shown on that form. Attachment Sequence No. Information about Schedule B and its instructions is a www.irs.gov/scheduleb. 1 2 3 Add the amounts on line 1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . Excludable interest on series EE and I U.S. savings bonds issued after 1989. Attach Form 8815 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 Subtract line 3 from line 2. Enter the result here and on Form 1040A, or Form 1040, line 8a . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Note: If line 4 is over $1,500, you must complete Part III. 5 List name of payer 0 2 3 0 4 Amount _______________________________________________ 2,500 Yellow Corporation Ordinary Dividends (See instructions for Schedule B, and the instructions for Form 1040A, or Form 1040, line 9a.) 5 Note: If you received a Form 1099-DIV or substitute statement from a brokerage firm, list the firm's name as the payer and enter the ordinary dividends shown on that form. 6 Add the amounts on line 5. Enter the total here and on Form 1040A, or Form 1040, line 9a . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Note. If line 6 is over $1,500, you must complete Part III. 6 2,500 You must complete this part if you (a) had over $1,500 of taxable interest or ordinary dividends; (b) had a Yes No foreign account; or (c) received a distribution from, or were a grantor of, or a transferor to, a foreign trust. 7a At any time during 2015, did you have a financial interest in or signature authority over a financial Part III account (such as a bank account, securities account, or brokerage account) located in a foreign X Foreign country? See instructions. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . If \"Yes,\" are you required to file FinCEN Form 114, Report of Foreign Bank and Financial Accounts Accounts (FBAR), to report that financial interest or signature authority? See FinCEN Form 114 X its instructions for filing requirements and exceptions to those requirements . . . . . . . . . . . . . . . . and Trusts b Ifand you are required to file FinCEN Form 114, enter the name of the foreign country where the (See financial account is located ___________________________________________ instructions.) 8 During 2015, did you receive a distribution from, or were you the grantor of, or transferor to, a X foreign trust? If "Yes," you may have to file Form 3520. See instructions. . . . . . . . . . . . . . . . . . . . . . Schedule B (Form 1040A or 1040) 2015 KIA For Paperwork Reduction Act Notice, see your tax return instructions