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Prepare the following 2020 Federal Income Tax return. The couple will file a joint return. The wife is not employed outside of the home. Prepare

Prepare the following 2020 Federal Income Tax return. The couple will file a joint return. The wife is not employed outside of the home. Prepare the 1040 and all supporting schedules. Note: Using any other tax years program will result in deduction for every calc that is different for the two years dont go there

Names: Taxpayer first name = Bubba

Spouse first name = Suzie

Last name =_________(your last name)

Address: 432 Comfy Street

Dallas, TX 75001

Social Security Numbers: Husband Make one up do not use your social security number.

Wife Make one up do not use your social security number.

Date of Birth (DOB): Husband DOB 02/12/1987

Wife DOB 04/28/1989

Dependent Children: Daughter - June DOB 6/13/2013 SS# You make up.

Son - August DOB 8/30/2019 SS# You make up.

W-2 Information Husband

Husbands Employer- Super Soup & Salad EIN# 22-3334444

123 Great Street, Austin, TX 73301

Wages, Tips, Other Compensation $ 76,500.00

Federal Income Tax Withheld $5038

Social Security Wages $ 76,500.00

Social Security Tax Withheld $ 4,743.00

Medicare Wages $ 76,500.00

Medicare Tax Withheld $ 1,109.25

State Wages $ 76,500.00

State Income Tax Withheld $ 3,050.00

Taxpayers do not have sufficient deductions to itemize.

Interest Income (investments owned jointly by both spouses):

Interest Income Amount $ 7,222.00

Interest Income Payer: Prosperity Bank

Taxable Cash Dividends (investments owned jointly by both spouses):

Dividend Amount $2794 (Qualifying Dividends too)

Payer Creative Corporation

If there is a balance due no need to calculate underpayment penalties, but if tax prep program adds it automatically, that is fine

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