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please attached tax question Basic Scenario 7: Jacob and Martha Mils Directions Using the tax software, complote the tax retum, induding Form 1040 and l

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Basic Scenario 7: Jacob and Martha Mils Directions Using the tax software, complote the tax retum, induding Form 1040 and l pr Noto: When entering Social Security numbers (SSNs) or Employer Idenofication Numbers (EINs), replace the Xs as directed, or with any four digits of your choice Interview Notes Jacob and Martha are age 65 years old and marmed. They elect to tie Married Flng They have a son, Daniel, who is 23 years oild and a tu third year of study He i have a felony drug student in his is pursuing a degree in Business Administration and does not Jacob retired in 2018 Jacob received interest, Social Security benefts and pension income. He went to the local casino and won some money in 2018. During the interview he mentions that he had of $700 Martha received Social Security benefts and received wages from a part-lime job tax payment to their 2018 tax return Jacob and Martha do not have enough deductions to itemize Jacob and Martha paid the cost of Daniel's tultion and books in 2018 not covered by Jacob and Martha elected to have their 2017 refund ol $400 applied as an estimate .k/ . Daniel received a scholarship and the terms require that it be used to pay tuition sonar y scholarship. They also provided all of his support for 2018 were covered by Medicare Parts A and B for the whole year Jacob and Martha Daniel had minimum essential healthcare coverage through his University health If Jacob and Martha receive a refund, they would like to deposit half into their check ing account and half into their savings account Documents from their bank show that plan . the routing number for both accounts is: 111000025. Their checking account number is 987654321 and their savings account number is 234567890 33-XX-XXXX Daniel Mils 31-XX-XxxX Jacob Mills 132-XX-XXXX Martha Mills Basic Scenario 7: Retest Questions Directions Read the scenario information for Jacob and Martha Milis boginning on pagn 31 14. Jacob and Martha must report $ 15. The amount of Daniel's qualifying education expenses must be reduced by the of gambling winnings on their tax return scholarship amount shown on Form 1098-T a True b. False 16. The taxable amount of Jacob and Martha's Social Security income is $26,350 a. True b. False 17. Jacob and Martha have an increased standard deduction for their filing status because they are both 65 years old. a. True b. False 18. The total payments reported on Jacob and Martha's joint tax return is $6.986 a True b. False 19. Jacob and Martha must use Form 8888, Allocation of Refund (Including Bond Purchases), to split their refund between their checking and sav accounts a. True b. False

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