prepare tax returns for fictitious clients. each tax return is independent case. make sure each return is prepared using the appropriate 1040 Form along with all necessary supporting schedules and worksheets.

Problem C1-1 (15 Points) Marie Thomas is a single taxpayer living at 40 Pond St. Natick. MA 01760. Her social security mom 466-33-1234. For 2019. Marie has no dependents and her W-2 from Rainbow Dinner where she works as a waitress the following information: $21,840 Wages Withholding (federal income tax) Marie also has taxable interest from Middlesex Bank of $20. Marie elects to donate $3 to the Presidential Election Campaign Fund. This election does not affect tax liability in any way. Required: Complete Marie's 2019 tax return using the appropriate 1040 Form and any required schedules and worksheets. Problem C1-2 (30 points) Paul and Joanne White have been married for 3 years. They live at 1560 Cypress Ln, Waldorf, MD 20601. Joanne is a full-time student at University of Maryland, College Park (UMDC) and Paul works as an assistant manager for Safeway. Paul social security number is 465-74-3321 and Joanne's is 465-57- 9934. Paul' earnings and income tax withholdings for 2019 are: Earnings from Safeway Federal income tax withheld State income tax withheld $55,120 4,850 2940 The Long' have the following interest and dividend income: Interest - City of Annapolis Bonds Interest - BB&T Qualified Dividends -VISA Corp Ordinary Dividends -VISA Corp $800 550 700 850 Joanne is an excellent student at UMDC and was given a $5,000 scholarship by the university to help pay educational expenses. The scholarship funds were used by Joanne for tuition and books. She also had a part-time job at UMDC and was paid $3,800 on a W-2 for helping out in the Registrar's office. There was no income tax withheld on the amount paid to Joanne from this job. Last year, Paul was laid off temporarily from a former job and was unemployed for five weeks starting in January 2019. He was paid $2,350 of unemployment compensation until he started work with his current, employer, Safeway. Paul has a 4-year old son, John, from a prior marriage. During 2019, he paid his ex-wife $300 per month in child support. John is claimed as a dependent by Paul's ex-wife. Required: Complete the White's 2019 tax return using the appropriate 1040 Form and any required schedules and worksheets, e.g., the qualified dividends and capital gain worksheet. Problem C1-3 (55 Points) Sherry Hunter (age 34) moved from Arizona to Florida in December 2018. She lives at 150 Lighthouse Rd, Gulfport, FL 33707. Sherry's Social Security number is 466-78-7359 and she is single. Her earnings and income tax withholding for 2019 for her job as a manager at a Florida citrus-processing plant are: Earnings from the Gulfport Citrus Growers LLC Federal income tax withheld State income tax withheld $49,900 5,800 Sherry's other income includes interest on an account at Chase Bank of $1,600 and $400 per month alimony from her ex-husband, John. The divorce decree was dated November 10, 2016. During 2019, Sherry paid the following amounts (all of which can be substantiated): Home mortgage interest Auto loan interest Credit card interest Qualified Student Loan interest Property taxes on personal residence State and local sales taxes Health insurance premiums paid (after taxes) Hospital bills Doctor bills Other medical expenses Insurance Reimbursements for medical expense Income tax preparation fee Job-hunting expenses Union dues Charitable cash contributions (supported by receipts $6,800 1,800 850 1,000 2,100 1,800 2,160 3,500 1,950 650 2,000 200 1,050 780 2,600 In November 2019, someone broke into Sherry's house and stole her diamond ring. The diamond ring had a fair market value of $7,500 and a tax basis of $6,000. The ring was uninsured. Required: Complete Sherry's 2019 tax return using the appropriate 1040 Form and any required schedules and worksheets. Make realistic assumptions about any missing data. Problem C1-1 (15 Points) Marie Thomas is a single taxpayer living at 40 Pond St. Natick. MA 01760. Her social security mom 466-33-1234. For 2019. Marie has no dependents and her W-2 from Rainbow Dinner where she works as a waitress the following information: $21,840 Wages Withholding (federal income tax) Marie also has taxable interest from Middlesex Bank of $20. Marie elects to donate $3 to the Presidential Election Campaign Fund. This election does not affect tax liability in any way. Required: Complete Marie's 2019 tax return using the appropriate 1040 Form and any required schedules and worksheets. Problem C1-2 (30 points) Paul and Joanne White have been married for 3 years. They live at 1560 Cypress Ln, Waldorf, MD 20601. Joanne is a full-time student at University of Maryland, College Park (UMDC) and Paul works as an assistant manager for Safeway. Paul social security number is 465-74-3321 and Joanne's is 465-57- 9934. Paul' earnings and income tax withholdings for 2019 are: Earnings from Safeway Federal income tax withheld State income tax withheld $55,120 4,850 2940 The Long' have the following interest and dividend income: Interest - City of Annapolis Bonds Interest - BB&T Qualified Dividends -VISA Corp Ordinary Dividends -VISA Corp $800 550 700 850 Joanne is an excellent student at UMDC and was given a $5,000 scholarship by the university to help pay educational expenses. The scholarship funds were used by Joanne for tuition and books. She also had a part-time job at UMDC and was paid $3,800 on a W-2 for helping out in the Registrar's office. There was no income tax withheld on the amount paid to Joanne from this job. Last year, Paul was laid off temporarily from a former job and was unemployed for five weeks starting in January 2019. He was paid $2,350 of unemployment compensation until he started work with his current, employer, Safeway. Paul has a 4-year old son, John, from a prior marriage. During 2019, he paid his ex-wife $300 per month in child support. John is claimed as a dependent by Paul's ex-wife. Required: Complete the White's 2019 tax return using the appropriate 1040 Form and any required schedules and worksheets, e.g., the qualified dividends and capital gain worksheet. Problem C1-3 (55 Points) Sherry Hunter (age 34) moved from Arizona to Florida in December 2018. She lives at 150 Lighthouse Rd, Gulfport, FL 33707. Sherry's Social Security number is 466-78-7359 and she is single. Her earnings and income tax withholding for 2019 for her job as a manager at a Florida citrus-processing plant are: Earnings from the Gulfport Citrus Growers LLC Federal income tax withheld State income tax withheld $49,900 5,800 Sherry's other income includes interest on an account at Chase Bank of $1,600 and $400 per month alimony from her ex-husband, John. The divorce decree was dated November 10, 2016. During 2019, Sherry paid the following amounts (all of which can be substantiated): Home mortgage interest Auto loan interest Credit card interest Qualified Student Loan interest Property taxes on personal residence State and local sales taxes Health insurance premiums paid (after taxes) Hospital bills Doctor bills Other medical expenses Insurance Reimbursements for medical expense Income tax preparation fee Job-hunting expenses Union dues Charitable cash contributions (supported by receipts $6,800 1,800 850 1,000 2,100 1,800 2,160 3,500 1,950 650 2,000 200 1,050 780 2,600 In November 2019, someone broke into Sherry's house and stole her diamond ring. The diamond ring had a fair market value of $7,500 and a tax basis of $6,000. The ring was uninsured. Required: Complete Sherry's 2019 tax return using the appropriate 1040 Form and any required schedules and worksheets. Make realistic assumptions about any missing data