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Please answer the following questions by filling out this form. Problem 1 Faiz and Yagana are married with three children. Faiz's annual salary is $72,000

Please answer the following questions by filling out this form.
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Problem 1 Faiz and Yagana are married with three children. Faiz's annual salary is $72,000 and taxable interest income is $2,000. They have itemized deductions of $13,000. They are filing a joint return. Using the most current version of Form 1040, calculate: a. Adjusted gross income b. Taxable income c. Income tax liability 2019 51040 Department of the Treasury-Internal Revenue Service (99) U.S. Individual Income Tax Return OMB No. 1545-0074 IRS Use Only - Do not write or staple in this space. Filing Status Single Married filing jointly Married filing separately (MFS) Head of household (HOH Qualifying widower) (om Check only one box If you checked the MFS box, enter the name of spouse. If you checked the HOH or GW box, enter the child's name if the qualifying person is a child but not your dependent. Your first name and middle initial Last name Your social security number If joint return, spouse's first name and middle initial Last name Spouse's social security number Home address (number and street). If you have a P.O. box, see instructions. Apt. no. Presidential Election Campaign Check here you, or your spouse if filing jointly, want $3 to go to this fund. City, town or post office, state, and ZIP code. If you have a foreign address, also complete spaces below (see instructions). Checking a box below will not change your tax or refund. You Spouse Foreign country name Foreign province/state/county Foreign postal code If more than four dependents, see instructions and / here Standard Someone can claim: You as a dependent Your spouse as a dependent Deduction Spouse itemizes on a separate return or you were a dual-status alien Age/Blindness You Were born before January 2, 1955 Are blind Spouse: Was bom before January 2, 1955 Is blind Dependents (see instructions): (2) Social security number (3) Relationship to you (4) if qualifies for see instructions (1) First name Last name Child tax credit Credit for other dependents 1 2b 3b 4b 4d 5b 6 7a 1 Wages, salaries, tips, etc. Attach Forms) W-2 2a Tax-exempt interest 2a b Taxable interest. Attach Sch. Bif required 3a Qualified dividends Standard b Ordinary dividends. Attach Sch. B if required Deduction for 4a IRA distributions. b Taxable amount Single or Married c Pensions and annuities. 4c d Taxable amount filing separately $12.200 Sa Social security benefits b Taxable amount Married fling 6 jointly or Qualifying Capital gain or loss). Attach Schedule Dif required. If not required, check here widower 7a Other income from Schedule 1, line 9 $24.400 Head of b Add lines 1, 2, 3, 4, 4, 5, 6, and 7a. This is your total income household $18.350 Ba Adjustments to income from Schedule 1, line 22 . If you checked b Subtract line Ba from line 7b. This is your adjusted gross income any box under Standard Standard deduction or itemized deductions (from Schedule A) Deduction 10 see instructions 10 Qualified business income deduction. Attach Form 8995 or Form 8995-A 11a Add lines 9 and 10 b Taxable income. Subtract line 11a from line 8b. If zero or less, enter-O- For Disclosure, Privacy Act, and Paperwork Reduction Act Notice, see separate instructions. Cat. No. 113208 7b Bb 9 11a 11b Form 1040 2019) Page 12a 13b 14 15 17 18a 18d AA 19 Form 1040 (2019) 2 12a Tax (see inst.) Check if any from Forms 1 8814 2 4972 30 b 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 14 Subtract line 13b from line 12b. If zero or less, enter-O- 15 Other taxes, including self-employment tax, from Schedule 2, line 10 16 Add lines 14 and 15. This is your total tax 16 17 Federal income tax withheld from Forms W-2 and 1099 18 If you have a Other payments and refundable credits: qualifying child a Earned income credit (EIC) attach Sch. EIC b If you have Additional child tax credit. Attach Schedule 8812 18b nontaxable 18C combat pays c American opportunity credit from Form 8863, line 8 instructions. d Schedule 3, line 14 e Add lines 18a through 18d. These are your total other payments and refundable credits 18e 19 Add lines 17 and 18e. These are your total payments Refund 20 If line 19 is more than line 16, subtract line 16 from line 19. This is the amount you overpaid 20 21a Amount of line 20 you want refunded to you. If Form 8888 is attached, check here 21a Direct deposit? b Routing number See Instructions Type: Checking Savings Account number 22 Amount of line 20 you want applied to your 2020 estimated tax 22 Amount 23 Amount you owe. Subtract line 19 from line 16. For details on how to pay, see instructions 23 You Owe 24 Estimated tax penalty (see instructions) 24 Third Party Do you want to allow another person (other than your paid preparer) to discuss this return with the IRS? See instructions. Yes. Complete below. Designee No Other than Designee's Phone Personal identification paid preparen name no number (PIN) Sign 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. Here Your signature Date Your occupation If the IRS sent you an identity Protection PIN, enter it here Joint return? see inst.) See instructions Spouse's signature. If a joint return, both must sign. Date Spouse's occupation If the IRS sent your spouse an Keep a copy for Identity Protection PIN, enter it here your records. (see inst.) Phone no. Email address Preparer's name Date Preparer's signature PTIN Paid Check it 3rd Party Designee Preparer Firm's name Phone no. Self-employed Use Only Firm's address Firm's EIN Go to www.irs.gov/Form 1040 for instructions and the latest Information Form 1040 2019

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