please see the attachment for question. You will need some sort of tax software to complete the question

Group 5 - cumulative software problem - Chapter 1 - Text Page 1-45 Albert Gaytor & his wife, Allison, are married & file a joint federal income tax return for 2016. The Gaytors live at 12340 Cocoshell Road, Coral Gables, FL 33134. Mr. Gaytor is a charter fishing boat captain but took 6 months off from his job in 2016 to train & study for his Masters Captain's License. In 2016, Albert received a Form W-2 providing the following information from his employer, Coconut Grove Fishing Charters, Inc.: Employee's Social Security # = 266-51-1966 / Employer ID # & state = 60-3456789(FL) Employee's Name & Address: Albert T. Gaytor 12340 Cocoshell Road Coral Gables, FL 33134 Employer's Name & Address: Coconut Grove Fishing Charters, Inc. 2432 Bay Blvd. Coconut Grove, FL 33133 Box #: 1 2 3 4 5 6 Amount: $65,250 $6,120 $65,250 $4,045.50 $65,250 $946.13 Description: Wages Federal Income Tax Withheld Social Security Wages Social Security Tax Withheld Medicare Wages Medicare Tax Withheld The Gaytors have a 17 years old son, Crocker, who is enrolled in the 11 th grade at the Bucholz Preparatory School. The Gaytors also have an 18 years old daughter, Cayman, who is a part-time freshman student at Dade County Community College (\"DCCC\"). She is married to Sean Slacker, who is 19 years old & a part-time student at DCCC. Cayman & Sean have a 1 year old child, Wanda Slacker (Social Security # 64899-4306). Sean, Cayman & Wanda all live in an apartment up the street from Albert & Allison during the entire 2016 calendar year. Sean & Cayman both work for Sean's wealthy grandfather, as apprentices in his business. Their wages for the year were a combined $50,000, which allowed them to pay all of the personal expenses for themselves & their daughter. The following additional information applies to the family members: Name: Albert T. Gaytor Allison A. Gaytor Crocker Gaytor Cayman Slacker Sean Slacker Social Security #: 266-51-1966 266-34-1967 261-55-1212 261-11-4444 344-23-5656 Date of Birth: 09/22/1967 07/01/1968 12/21/1999 03/13/1998 05/01/1997 Albert & Allison have a savings account & received the following information on a 1099 from the Vizcaya National Bank, 9871 Coral Way, Miami, FL 33134 (Payer's tax ID # = 60-7654321): Box 1 = $375.05 (interest earned) REQUIRED: Use a computer software package to complete Form 1040 for Albert & Allison Gaytor for 2016. Be sure to save your data input files since the case will be expanded with more tax information in later chapters. Make assumptions regarding any information not given. Form 1040A Department of the TreasuryInternal Revenue Service 2016 U.S. Individual Income Tax Return (99) Your first name and initial IRS Use OnlyDo not write or staple in this space. Last name OMB No. 1545-0074 Your social security number Gaytor Albert If a joint return, spouse's first name and initial 266 Last name Gaytor Allison 266 Home address (number and street). If you have a P.O. box, see instructions. Apt. no. Cocoshell Road 12340 c City, town or post office, state, and ZIP code. If you have a foreign address, also complete spaces below (see instructions). Filing status Check only one box. Exemptions If more than six dependents, see instructions. 1966 34 1967 Make sure the SSN(s) above and on line 6c are correct. Presidential Election Campaign Check here if you, or your spouse if filing jointly, want $3 to go to this fund. Checking Foreign postal code a box below will not change your tax or refund. You Spouse Coral Gables FL 33134 Foreign country name 51 Spouse's social security number Foreign province/state/county 4 Single Head of household (with qualifying person). (See instructions.) Married filing jointly (even if only one had income) If the qualifying person is a child but not your dependent, enter this child's name here. a Married filing separately. Enter spouse's SSN above and a full name here. 5 Qualifying widow(er) with dependent child (see instructions) Boxes 6a Yourself. If someone can claim you as a dependent, do not check checked on box 6a. 2 6a and 6b No. of children b Spouse on 6c who: (4) \u0014 if child under c Dependents: lived with (3) Dependent's (2) Dependent's social age 17 qualifying for you 1 security number relationship to you child tax credit (see 1 2 3 } (1) First name Crocker Last name Gaytor instructions) 261-55-1212 did not live with you due to divorce or separation (see instructions) Son Dependents on 6c not entered above Add numbers on lines above a d Total number of exemptions claimed. Income Attach Form(s) W-2 here. Also attach Form(s) 1099-R if tax was withheld. If you did not get a W-2, see instructions. 7 Wages, salaries, tips, etc. Attach Form(s) W-2. Taxable interest. Attach Schedule B if required. Tax-exempt interest. Do not include on line 8a. 8b Ordinary dividends. Attach Schedule B if required. Qualified dividends (see instructions). 9b Capital gain distributions (see instructions). IRA 11b Taxable amount distributions. 11a (see instructions). 12a Pensions and 12b Taxable amount annuities. 12a (see instructions). 8a b 9a b 10 11a Adjusted gross income Add lines 7 through 14b (far right column). This is your total income. 16 17 18 Educator expenses (see instructions). IRA deduction (see instructions). Student loan interest deduction (see instructions). 19 20 Tuition and fees. Attach Form 8917. 19 Add lines 16 through 19. These are your total adjustments. 21 Subtract line 20 from line 15. This is your adjusted gross income. 7 65,250. 8a 375. 9a 10 11b 12b 13 Unemployment compensation and Alaska Permanent Fund dividends. 14a Social security 14b Taxable amount benefits. 14a (see instructions). 15 3 13 14b a 15 65,625. 16 17 18 20 a 21 BAA 65,625. Form 1040A (2016) For Disclosure, Privacy Act, and Paperwork Reduction Act Notice, see separate instructions. REV 12/30/16 TTW Form 1040A (2016) Tax, credits, 22 Enter the amount from line 21 (adjusted gross income). You were born before January 2, 1952, Blind Total boxes 23a Check and if: Spouse was born before January 2, 1952, Blind checked a 23a payments { Standard Deduction for People who check any box on line 23a or 23b or who can be claimed as a dependent, see instructions. All others: Single or Married filing separately, $6,300 Married filing jointly or Qualifying widow(er), $12,600 Head of household, $9,300 If you have a qualifying child, attach Schedule EIC. Refund Direct deposit? See instructions and fill in 48b, 48c, and 48d or Form 8888. Amount you owe Do you want to allow another person to discuss this return with the IRS (see instructions)? Joint return? See instructions. Keep a copy for your records. Paid preparer use only F Sign here Page 2 65,625. 24 25 26 12,600. 53,025. 12,150. 27 40,875. 30 5,204. } b If you are married filing separately and your spouse itemizes a 23b deductions, check here 24 Enter your standard deduction. 25 Subtract line 24 from line 22. If line 24 is more than line 22, enter -0-. 26 Exemptions. Multiply $4,050 by the number on line 6d. 27 Subtract line 26 from line 25. If line 26 is more than line 25, enter -0-. a This is your taxable income. 28 Tax, including any alternative minimum tax (see instructions). 28 5,204. 29 Excess advance premium tax credit repayment. Attach Form 8962. 29 30 Add lines 28 and 29. 31 Credit for child and dependent care expenses. Attach Form 2441. 31 32 Credit for the elderly or the disabled. Attach Schedule R. 32 33 Education credits from Form 8863, line 19. 33 34 Retirement savings contributions credit. Attach Form 8880. 34 35 Child tax credit. Attach Schedule 8812, if required. 35 36 Add lines 31 through 35. These are your total credits. 37 Subtract line 36 from line 30. If line 36 is more than line 30, enter -0-. 38 Health care: individual responsibility (see instructions). Full-year coverage 39 Add line 37 and line 38. This is your total tax. 40 Federal income tax withheld from Forms W-2 and 1099. 40 6,120. 41 2016 estimated tax payments and amount applied from 2015 return. 41 42a Earned income credit (EIC). 42a No b Nontaxable combat pay election. 42b 43 Additional child tax credit. Attach Schedule 8812. 43 44 American opportunity credit from Form 8863, line 8. 44 45 Net premium tax credit. Attach Form 8962. 45 a 46 Add lines 40, 41, 42a, 43, 44, and 45. These are your total payments. 47 If line 46 is more than line 39, subtract line 39 from line 46. This is the amount you overpaid. 48a Amount of line 47 you want refunded to you. If Form 8888 is attached, check here a Routing a c Type: Checking Savings a b number X X X X X X X X X Account a d number X X X X X X X X X X X X X X X X X 49 Amount of line 47 you want applied to your 2017 estimated tax. 49 50 Amount you owe. Subtract line 46 from line 39. For details on how to pay, a see instructions. 51 Estimated tax penalty (see instructions). 51 Third party designee 22 36 37 38 39 46 5,204. 5,204. 6,120. 47 48a 916. 916. 50 Yes. Complete the following. No Personal identification Designee's Phone a a a number (PIN) name no. 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 accurately list all amounts and sources of income I received during the tax year. Declaration of preparer (other than the taxpayer) is based on all information of which the preparer has any knowledge. Your occupation Daytime phone number Your signature Date Captain Spouse's signature. If a joint return, both must sign. Date (658)741-2569 Spouse's occupation Housewife Print/type preparer's name Firm's name a Firm's address Preparer's signature Date If the IRS sent you an Identity Protection PIN, enter it here (see inst.) PTIN Check a if self-employed Firm's EIN a Self-Prepared Phone no. a REV 12/30/16 TTW Form 1040A (2016) Form 1040A Department of the TreasuryInternal Revenue Service 2016 U.S. Individual Income Tax Return (99) Your first name and initial IRS Use OnlyDo not write or staple in this space. Last name OMB No. 1545-0074 Your social security number Gaytor Albert If a joint return, spouse's first name and initial 266 Last name Gaytor Allison 266 Home address (number and street). If you have a P.O. box, see instructions. Apt. no. Cocoshell Road 12340 c City, town or post office, state, and ZIP code. If you have a foreign address, also complete spaces below (see instructions). Filing status Check only one box. Exemptions If more than six dependents, see instructions. 1966 34 1967 Make sure the SSN(s) above and on line 6c are correct. Presidential Election Campaign Check here if you, or your spouse if filing jointly, want $3 to go to this fund. Checking Foreign postal code a box below will not change your tax or refund. You Spouse Coral Gables FL 33134 Foreign country name 51 Spouse's social security number Foreign province/state/county 4 Single Head of household (with qualifying person). (See instructions.) Married filing jointly (even if only one had income) If the qualifying person is a child but not your dependent, enter this child's name here. a Married filing separately. Enter spouse's SSN above and a full name here. 5 Qualifying widow(er) with dependent child (see instructions) Boxes 6a Yourself. If someone can claim you as a dependent, do not check checked on box 6a. 2 6a and 6b No. of children b Spouse on 6c who: (4) \u0014 if child under c Dependents: lived with (3) Dependent's (2) Dependent's social age 17 qualifying for you 1 security number relationship to you child tax credit (see 1 2 3 } (1) First name Crocker Last name Gaytor instructions) 261-55-1212 did not live with you due to divorce or separation (see instructions) Son Dependents on 6c not entered above Add numbers on lines above a d Total number of exemptions claimed. Income Attach Form(s) W-2 here. Also attach Form(s) 1099-R if tax was withheld. If you did not get a W-2, see instructions. 7 Wages, salaries, tips, etc. Attach Form(s) W-2. Taxable interest. Attach Schedule B if required. Tax-exempt interest. Do not include on line 8a. 8b Ordinary dividends. Attach Schedule B if required. Qualified dividends (see instructions). 9b Capital gain distributions (see instructions). IRA 11b Taxable amount distributions. 11a (see instructions). 12a Pensions and 12b Taxable amount annuities. 12a (see instructions). 8a b 9a b 10 11a Adjusted gross income Add lines 7 through 14b (far right column). This is your total income. 16 17 18 Educator expenses (see instructions). IRA deduction (see instructions). Student loan interest deduction (see instructions). 19 20 Tuition and fees. Attach Form 8917. 19 Add lines 16 through 19. These are your total adjustments. 21 Subtract line 20 from line 15. This is your adjusted gross income. 7 65,250. 8a 375. 9a 10 11b 12b 13 Unemployment compensation and Alaska Permanent Fund dividends. 14a Social security 14b Taxable amount benefits. 14a (see instructions). 15 3 13 14b a 15 65,625. 16 17 18 20 a 21 BAA 65,625. Form 1040A (2016) For Disclosure, Privacy Act, and Paperwork Reduction Act Notice, see separate instructions. REV 12/30/16 TTW Form 1040A (2016) Tax, credits, 22 Enter the amount from line 21 (adjusted gross income). You were born before January 2, 1952, Blind Total boxes 23a Check and if: Spouse was born before January 2, 1952, Blind checked a 23a payments { Standard Deduction for People who check any box on line 23a or 23b or who can be claimed as a dependent, see instructions. All others: Single or Married filing separately, $6,300 Married filing jointly or Qualifying widow(er), $12,600 Head of household, $9,300 If you have a qualifying child, attach Schedule EIC. Refund Direct deposit? See instructions and fill in 48b, 48c, and 48d or Form 8888. Amount you owe Do you want to allow another person to discuss this return with the IRS (see instructions)? Joint return? See instructions. Keep a copy for your records. Paid preparer use only F Sign here Page 2 65,625. 24 25 26 12,600. 53,025. 12,150. 27 40,875. 30 5,204. } b If you are married filing separately and your spouse itemizes a 23b deductions, check here 24 Enter your standard deduction. 25 Subtract line 24 from line 22. If line 24 is more than line 22, enter -0-. 26 Exemptions. Multiply $4,050 by the number on line 6d. 27 Subtract line 26 from line 25. If line 26 is more than line 25, enter -0-. a This is your taxable income. 28 Tax, including any alternative minimum tax (see instructions). 28 5,204. 29 Excess advance premium tax credit repayment. Attach Form 8962. 29 30 Add lines 28 and 29. 31 Credit for child and dependent care expenses. Attach Form 2441. 31 32 Credit for the elderly or the disabled. Attach Schedule R. 32 33 Education credits from Form 8863, line 19. 33 34 Retirement savings contributions credit. Attach Form 8880. 34 35 Child tax credit. Attach Schedule 8812, if required. 35 36 Add lines 31 through 35. These are your total credits. 37 Subtract line 36 from line 30. If line 36 is more than line 30, enter -0-. 38 Health care: individual responsibility (see instructions). Full-year coverage 39 Add line 37 and line 38. This is your total tax. 40 Federal income tax withheld from Forms W-2 and 1099. 40 6,120. 41 2016 estimated tax payments and amount applied from 2015 return. 41 42a Earned income credit (EIC). 42a No b Nontaxable combat pay election. 42b 43 Additional child tax credit. Attach Schedule 8812. 43 44 American opportunity credit from Form 8863, line 8. 44 45 Net premium tax credit. Attach Form 8962. 45 a 46 Add lines 40, 41, 42a, 43, 44, and 45. These are your total payments. 47 If line 46 is more than line 39, subtract line 39 from line 46. This is the amount you overpaid. 48a Amount of line 47 you want refunded to you. If Form 8888 is attached, check here a Routing a c Type: Checking Savings a b number X X X X X X X X X Account a d number X X X X X X X X X X X X X X X X X 49 Amount of line 47 you want applied to your 2017 estimated tax. 49 50 Amount you owe. Subtract line 46 from line 39. For details on how to pay, a see instructions. 51 Estimated tax penalty (see instructions). 51 Third party designee 22 36 37 38 39 46 5,204. 5,204. 6,120. 47 48a 916. 916. 50 Yes. Complete the following. No Personal identification Designee's Phone a a a number (PIN) name no. 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 accurately list all amounts and sources of income I received during the tax year. Declaration of preparer (other than the taxpayer) is based on all information of which the preparer has any knowledge. Your occupation Daytime phone number Your signature Date Captain Spouse's signature. If a joint return, both must sign. Date (658)741-2569 Spouse's occupation Housewife Print/type preparer's name Firm's name a Firm's address Preparer's signature Date If the IRS sent you an Identity Protection PIN, enter it here (see inst.) PTIN Check a if self-employed Firm's EIN a Self-Prepared Phone no. a REV 12/30/16 TTW Form 1040A (2016)