Question
Please Fill forms `1040, Schedule 1 and 2, Schedule A, B, C, D, and SE. I do not get it way they gave it. Dan
Please Fill forms `1040, Schedule 1 and 2, Schedule A, B, C, D, and SE. I do not get it way they gave it.
Dan M. and Cheryl A. Peters are married, file a joint return, and have no children. Dan, age 45, is an independent contractor working in pharmaceutical sales and Cheryl, age 42, is a nurse at a local hospital. Dans SSN is 400-20-0000 and Cheryls SSN is 200-40-0000 and they reside at 2033 Palmetto Drive, Atlanta, GA 30304. Dan is paid according to commissions from sales, and he has no income tax or payroll tax withholdings. Dan operates his business from his home office. During 2020, Dan earned total commissions in his business of $125,000. Cheryl earned a salary during 2020 of $45,400, with the following withholdings: $6,000 federal taxes, $1,800 state taxes, $2,815 OASDI (Social Security), and $658 Medicare taxes. During 2020, Dan and Cheryl had interest income from corporate bonds and bank accounts of $1,450 and qualified dividends from stocks of $5,950. Dan also actively trades stocks and had the following results for 2020:
Date Acquired Date Sold Proceeds Cost Gain or Loss
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