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Prepare Form 1040 plus all the appropriate schedules and worksheets for Mr. and Mrs. Holloway for 2020. They want to contribute to the presidential election
Prepare Form 1040 plus all the appropriate schedules and worksheets for Mr. and Mrs. Holloway for 2020. They want to contribute to the presidential election campaign. Mr. and Mrs. Holloway had qualifying health care coverage at all times during the tax year. Mr. and Mrs. Holloway did not receive, sell, send, exchange, or otherwise acquire any financial interest in any virtual currency during 2020.
John and Martha Holloway are married filing Jointly. They are 35 and 31 years old, respectively. Their address is 10010 Dove Street, Atlanta, GA 30294. Additional Information about Mr. and Mrs. Holloway is as follows: Social security number: John: 412-34-5670 Date of birth: 3/4/1985 W-2 for John shows these amounts: Wages (box 1) = $ 22,eee.ee Federal W/H (box 2) = $ 1,500.ee Social security wages (box 3) = $ 22,eee.ee Social security W/H (box 4) = $ 1,364.ee Medicare wages (box 5) = $ 22,eee.ee Medicare W/H (box 6) = $ 319.ee Social security number: Martha: 412-34-5671 Date of birth: 8/20/1989 W-2 for Martha shows these anounts: Wages (box 1) = $ 35,500.ee Federal W/H (box 2) = $ 3,182.ee Social Security wages (box 3) = $ 35,500.ee Social Security W/H (box 4) = $ 2,281.ee Medicare wages (box 5) = $ 35,500.ee Medicare W/H (box 6) = Form 1099-DIV for Martha shows this amount: Box 1a and box 1b = $345.00 from MAR Brokerage. Form 1099-INT for Martha shows these amounts: Box 1 = $450.00 from ABC Bank. Box 4 = $35.00 John is a maintenance worker, and Martha is a Human Resources Manager. Required: Prepare Form 1040 plus all the appropriate schedules and worksheets for Mr. and Mrs. Holloway for 2020. They want to contribute to the presidential election campaign. Mr. and Mrs. Holloway had qualifying health care coverage at all times during the tax year. Mr. and Mrs. Holloway did not receive, sell, send, exchange or otherwise acquire any financial Interest in any virtual currency during 2020. (List the names of the taxpayers in the order in which they appear in the problem. Input all the values as positive numbers.) $ 514.75Step by Step Solution
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