Need help with my cumulative tax problem - it's from chapter 1 through 8 of Income Tax Fundamentals 2018. I really don't know what to do.

San Antonio, TX 78249 TX Wage and Tax 2018 copy D-To Be Fled with Employee's FEDERAL Tax Return. This information is being fumished to the Internal Revenue Service Abby also has taxable interest from Arroyo Seco Bank of $300 and tax-exempt interest from bonds issued by the city of San Antonio of $127 Required: Complete Form 1040 for Abigail for the 2018 tax year Step one GROUP 5: CUMULATIVE SOFTWARE PROBLEM 1. Albert Gaytor and his wife Allison are married and file a joint return for 2018. The Gaytors live at 12340 Cocoshell Road, Coral Gables, FL 33134. Captain Gaytor is a charter fishing boat captain but took 6 months off from his job in 2018 to train and study for his Masters Captain's License. ews Accounta AR n Use 42 Chopher1The Individual Income Tax Returr In 2018, Albert received a Form W-2 from his employer, Coconut Grove Fishing Charters, Inc.: 266-51-1966 e file 60-3456789 Coconut Grove Fishing Charters 2432 Bay Blvd Coconut Grove, FL 33133 66,850.00 66,8 Albert T. Gaytor 12340 Cocoshell Road Coral Gables, FL 33134 2018 Date of Birth 09/22/1969 07/01/1970 12/21/2001 03/13/2000 05/01/1999 Name Social Security Number 266-51-1966 266-34-1967 261-55-1212 261-11-4444 344-23-5656 Albert T. Gaytor Allison A. Gaytor Crocker Gaytor Cayman Slacker Sean Slacker The Gaytors have a 17-year-old son, Crocker, who is a full-time freshman at Brickell State University. The Gaytors also have an 18-year-old daughter, Cayman, who is a part-time student at Dade County Community College (DCCC). Cayman is married to Sean Slacker, who is 19 years old and a part-time student at DCCC. Sean and Cayman have a 1-year-old child, Wanda Slacker (Social Security number 648-99-4306). Sear, Cayman, and Wanda all live in an apartment up the street from Albert and Allison during the entire current calendar year. Sean and Cayman both work for Sean's wealthy as apprentices in his business. Their wages for the year were a combined $50,000, which allowed them to pay all the personal expenses for themselves and their daughter Albert and Allison have a savings account and received the following Form 1099-INT for 2018 vidual Inceme Tax Return n 2018, Albert received a Form W-2 from his employer, Coconut Grove Fishing ter% Inc. 150 Grove Fishing Charters Blvd Questions and Problems 143 Vizcaya National Bank 9871 Coral Way Miami, FL 33134 Interest Income 20 18 336.14 Copy B 60-7654321 266-51-1966 Albert T. Gaytor 12340 Cocoshell Road Coral Gables, FL 33134 Required: Use a computer software package such as Intuit Proconnect to complete Form Albert and Allison Gaytor for 2018. Be sure to save your data input files since this case will be expanded with more tax information in later chapters. Make assumptions re- garding any information not given. Chopter 2 Gross Income and Exclusions OUP 5 MULATIVE SOFTWARE PROBLEM 1. The following additional information is available for the family of Albert and Allison Gaytor In 2018, Albert received a Form W-2 from his employer, Coconut Grove Fishing 266-51-1966 e file 66,850.00 66,850.00 66,850.00 5,780.00 4,144.70 969.33 60-3456789 Coconut Grove Fishing Charters 2432 Bay Blvd. Coconut Grove, FL 33133 DD 1 8,400.00 Albert T. Gaytor 12340 Cocoshell Road Coral Gables, FL 33134 - Parking $1,440.00 Wage and Tax 2018 Copy B-To Be Filed Wish Employee's FEDERAL Tax Retum Tee, In addition to the interest from Chapter 1, Albert and Allison also received three Forms 1099 CORRECTED ffchecked 2018 Interest Income Florida Electric Company 100 Palm Boulevard Jupiter, FL 33458 670.33 o 1090-INT Copy B 59-0247776 266-51-1966 Sui Por Reciplie This is important a nformation and s Albert T. Gaytor 12340 Cocoshell Road Coral Gables, FL 33134 keep for your records Questions and Problems 2-65 Everglades Bank Corporation 1500 S. Krome Ave. Homestead, FL 33034 checked s 1,025.00 s 1,025.00 2018 | Copy B For Reciplient 57-4443344 266-34-1967 Allison Gaytor 0.00 12340 Cocoshell Rd Coral Gables, FL 33134 for your records 160.00 OTINS GHO 2018 Dividends and Grapefruit Mutual Fund 1500 S. Orange Blossom Trail Orlando, FL 32809 Copy B For Reciplent 51-3334433 266-34-1967 Allison Gaytor 2340 Cocoshell Road Coral Gables, FL 33134 The Gaytors also received interest of $745 from bonds issued by the Miami-Dade County Airport Authority (Form 1099 not shown) -50 Chapter 3 Business Income and Expenses The supplies expense account detail reflects the purchase of 250 pens with the "Toge Pass" logo inscribed on each pen. Allison gave the pens away to suppliers, customers, and other business contacts before the end of the year. Uniforms expense reflects the cost to purchase polo shirts Allison provided for each employee (but not herself).The shirts have the Toge Pass logo printed on the front and back and are the required apparel while working but otherwise are just like any other polo shirts. The license and fee account includes a $900 fine Toge Pass paid to the state of Wash- not ble ington for environmental damage resulting from an oil spill. deduthible Allison drove her 2010 Ford Explorer 1,701 miles for business related to Toge Pass. The Explorer was driven a total of 11,450 miles for the year. Included in the total 11,450 miles is business mileage. She uses the standard mileage method. cal In July, Albert loaned a friend $7,000 so he could buy a car. Albert's friend lost his job in 2018 and stopped making payments on the loan. He plans to start making payments again, however, with additional interest as soon as he has new employment. In la te 2018, Albert started to mount and stuff some of his trophy fish to display in his "'man cave" at the Gaytor's home. Some of his friends liked Albert's taxidermy work and asked him to prepare a couple of trophy fish for them as well. Although he doubts he will ever sell any more stuffed fish, he was paid $150 and had no expenses related to this activity in 2018. Requ red: Combine this new information about the Gaytor family with the information from Chapters 1 and 2 and complete a revised 2018 tax return for Albert and Allison. Be sure to save your data input files since this case will be expanded with more tax information in later chapters. San Antonio, TX 78249 TX Wage and Tax 2018 copy D-To Be Fled with Employee's FEDERAL Tax Return. This information is being fumished to the Internal Revenue Service Abby also has taxable interest from Arroyo Seco Bank of $300 and tax-exempt interest from bonds issued by the city of San Antonio of $127 Required: Complete Form 1040 for Abigail for the 2018 tax year Step one GROUP 5: CUMULATIVE SOFTWARE PROBLEM 1. Albert Gaytor and his wife Allison are married and file a joint return for 2018. The Gaytors live at 12340 Cocoshell Road, Coral Gables, FL 33134. Captain Gaytor is a charter fishing boat captain but took 6 months off from his job in 2018 to train and study for his Masters Captain's License. ews Accounta AR n Use 42 Chopher1The Individual Income Tax Returr In 2018, Albert received a Form W-2 from his employer, Coconut Grove Fishing Charters, Inc.: 266-51-1966 e file 60-3456789 Coconut Grove Fishing Charters 2432 Bay Blvd Coconut Grove, FL 33133 66,850.00 66,8 Albert T. Gaytor 12340 Cocoshell Road Coral Gables, FL 33134 2018 Date of Birth 09/22/1969 07/01/1970 12/21/2001 03/13/2000 05/01/1999 Name Social Security Number 266-51-1966 266-34-1967 261-55-1212 261-11-4444 344-23-5656 Albert T. Gaytor Allison A. Gaytor Crocker Gaytor Cayman Slacker Sean Slacker The Gaytors have a 17-year-old son, Crocker, who is a full-time freshman at Brickell State University. The Gaytors also have an 18-year-old daughter, Cayman, who is a part-time student at Dade County Community College (DCCC). Cayman is married to Sean Slacker, who is 19 years old and a part-time student at DCCC. Sean and Cayman have a 1-year-old child, Wanda Slacker (Social Security number 648-99-4306). Sear, Cayman, and Wanda all live in an apartment up the street from Albert and Allison during the entire current calendar year. Sean and Cayman both work for Sean's wealthy as apprentices in his business. Their wages for the year were a combined $50,000, which allowed them to pay all the personal expenses for themselves and their daughter Albert and Allison have a savings account and received the following Form 1099-INT for 2018 vidual Inceme Tax Return n 2018, Albert received a Form W-2 from his employer, Coconut Grove Fishing ter% Inc. 150 Grove Fishing Charters Blvd Questions and Problems 143 Vizcaya National Bank 9871 Coral Way Miami, FL 33134 Interest Income 20 18 336.14 Copy B 60-7654321 266-51-1966 Albert T. Gaytor 12340 Cocoshell Road Coral Gables, FL 33134 Required: Use a computer software package such as Intuit Proconnect to complete Form Albert and Allison Gaytor for 2018. Be sure to save your data input files since this case will be expanded with more tax information in later chapters. Make assumptions re- garding any information not given. Chopter 2 Gross Income and Exclusions OUP 5 MULATIVE SOFTWARE PROBLEM 1. The following additional information is available for the family of Albert and Allison Gaytor In 2018, Albert received a Form W-2 from his employer, Coconut Grove Fishing 266-51-1966 e file 66,850.00 66,850.00 66,850.00 5,780.00 4,144.70 969.33 60-3456789 Coconut Grove Fishing Charters 2432 Bay Blvd. Coconut Grove, FL 33133 DD 1 8,400.00 Albert T. Gaytor 12340 Cocoshell Road Coral Gables, FL 33134 - Parking $1,440.00 Wage and Tax 2018 Copy B-To Be Filed Wish Employee's FEDERAL Tax Retum Tee, In addition to the interest from Chapter 1, Albert and Allison also received three Forms 1099 CORRECTED ffchecked 2018 Interest Income Florida Electric Company 100 Palm Boulevard Jupiter, FL 33458 670.33 o 1090-INT Copy B 59-0247776 266-51-1966 Sui Por Reciplie This is important a nformation and s Albert T. Gaytor 12340 Cocoshell Road Coral Gables, FL 33134 keep for your records Questions and Problems 2-65 Everglades Bank Corporation 1500 S. Krome Ave. Homestead, FL 33034 checked s 1,025.00 s 1,025.00 2018 | Copy B For Reciplient 57-4443344 266-34-1967 Allison Gaytor 0.00 12340 Cocoshell Rd Coral Gables, FL 33134 for your records 160.00 OTINS GHO 2018 Dividends and Grapefruit Mutual Fund 1500 S. Orange Blossom Trail Orlando, FL 32809 Copy B For Reciplent 51-3334433 266-34-1967 Allison Gaytor 2340 Cocoshell Road Coral Gables, FL 33134 The Gaytors also received interest of $745 from bonds issued by the Miami-Dade County Airport Authority (Form 1099 not shown) -50 Chapter 3 Business Income and Expenses The supplies expense account detail reflects the purchase of 250 pens with the "Toge Pass" logo inscribed on each pen. Allison gave the pens away to suppliers, customers, and other business contacts before the end of the year. Uniforms expense reflects the cost to purchase polo shirts Allison provided for each employee (but not herself).The shirts have the Toge Pass logo printed on the front and back and are the required apparel while working but otherwise are just like any other polo shirts. The license and fee account includes a $900 fine Toge Pass paid to the state of Wash- not ble ington for environmental damage resulting from an oil spill. deduthible Allison drove her 2010 Ford Explorer 1,701 miles for business related to Toge Pass. The Explorer was driven a total of 11,450 miles for the year. Included in the total 11,450 miles is business mileage. She uses the standard mileage method. cal In July, Albert loaned a friend $7,000 so he could buy a car. Albert's friend lost his job in 2018 and stopped making payments on the loan. He plans to start making payments again, however, with additional interest as soon as he has new employment. In la te 2018, Albert started to mount and stuff some of his trophy fish to display in his "'man cave" at the Gaytor's home. Some of his friends liked Albert's taxidermy work and asked him to prepare a couple of trophy fish for them as well. Although he doubts he will ever sell any more stuffed fish, he was paid $150 and had no expenses related to this activity in 2018. Requ red: Combine this new information about the Gaytor family with the information from Chapters 1 and 2 and complete a revised 2018 tax return for Albert and Allison. Be sure to save your data input files since this case will be expanded with more tax information in later chapters