Peters Income Tax Return Peters Income= $5,100 Peters individual Expense= $185 Peters Taxable income= $ 4,915 (Income-expense) Tax Rate=10% Hence tax paid by Peter= $491.5 Marie's Income Tax Return Marie's Income= $2,100 Marie's Expenses= $225 Marie's Taxable Income= $1,875 (Income-Expense) Tax Rate=10% Hence, tax paid by Marie= $187.5 Combined Income Tax of Felcon and Mary Combined Income from Salaries= $51,600 Income from business= $6,500 Total Income= $ 58,100 Regular Expenses except of individual expense of Peter and Marie= $16,535 (W.N.1) Business Expense= $1,350 (W.N.2) Total Expense= $ 17,885 Total income to be considered for tax= total income-total expense = $58,100 - $17,885 = $40,215 Total Income to be considered for Tax before deduction = $40,215 Deduction = $24,400 Income on which tax will be charged = $15,815 Tax Rate = 12% Tax Payable = $1,897.80 Hence combined tax payble for Felcon and Mary= $1,897.80 W.N.1: Details of Regular Expenses Dental Bills = $415 Mortgage Interest= $7,850 Real Estate taxes= $1,850 Home Insurance Premium= $2,100 Medical Bills= $825 Goodwill Contribution (clothing FMV)= $180 Toiletries= $115 Club membership= $650 Family Health Insurance= $1,350 Cash Donated to chruch= $580 Prescription Drugs= $195 Property Taxes= $405 Baseball Charges= $20 Total regular expense= $16,535 W.N. 2: Details of Business Expense Maintaince= $250 Advertising= $75 Supplies= $750 Fuel= $275 Total Business Expense= $1,350 OK GREAT ,BUT CAN YOU SHOW ME HOW TO PUT ALL THIS INFO ON A 1040 OR 'Prepare the Smiths Income Tax Return for 2019'. SO i CAN COMPREHEND AND COMPARE, PLEASE THANK YOU