Print your name: Fill in the table below, using the information on this handout, based on what is best for the client. Kayla is single, lives alone, and is 51 years old. The W2 table is for the 2020 income tax year. Assume tax laws in 2020 are as described in the textbook, as supplemented by postings on Carmen and information in lectures. If no information is given about something, assume zero, e.g., zero contributions to an IRA. Line numbers for IRS forms refer to the 2020 forms posted on Carmen. Use 2020 tables for all calculations. She received a state income tax refund of $500 in 2020. Mortgage interest payments = $12,000. Charitable contributions to the U.S. Red Cross =$2,400. Real estate taxes = $9.000. Medical expenses not covered by insurance = $5,900. She used the standard deduction in 2019. W2 form Box 1 wages 110,000 Box 2 federal income tax withheld in 2020 20,000 Box 17, state income tax withheld in 2020 3,000 Box 19, local income tax withheld in 2020 0 1040 Line 15 A Wages B. Other income (list) C. Total income D. Adjustments to gross income (list any) 1040 Line 9 = E. 1040 Line 10c= 1040 Line 11 = F. 2020 Federal adjusted gross income $ G. Filing status = (single/married filing jointly, household head)= H. Standard deduction (SD) S= I. List and enter total of itemized deductions = J. 1040 Line 12 = K. 2020 Federal taxable income $ = 1040 Line 15 = L 2020 marginal tax rate (bracket) M. Income tax before credits for 2020 S= N. Any entries in Lines 23? 1040 Line 16= 1040 Line 24 = 1040 Line 25a= O. Income tax after non-refundable credits P. Federal income tax withheld for 2020 (W2)$ = Q. Any entries in Lines 25b to Line 32? R. Total payments Federal income tax: Refund? or Extra payment due? 1040 Line 33 = S. 1040 Line 34 = T. 1040 Line 37 = Print your name: Fill in the table below, using the information on this handout, based on what is best for the client. Kayla is single, lives alone, and is 51 years old. The W2 table is for the 2020 income tax year. Assume tax laws in 2020 are as described in the textbook, as supplemented by postings on Carmen and information in lectures. If no information is given about something, assume zero, e.g., zero contributions to an IRA. Line numbers for IRS forms refer to the 2020 forms posted on Carmen. Use 2020 tables for all calculations. She received a state income tax refund of $500 in 2020. Mortgage interest payments = $12,000. Charitable contributions to the U.S. Red Cross =$2,400. Real estate taxes = $9.000. Medical expenses not covered by insurance = $5,900. She used the standard deduction in 2019. W2 form Box 1 wages 110,000 Box 2 federal income tax withheld in 2020 20,000 Box 17, state income tax withheld in 2020 3,000 Box 19, local income tax withheld in 2020 0 1040 Line 15 A Wages B. Other income (list) C. Total income D. Adjustments to gross income (list any) 1040 Line 9 = E. 1040 Line 10c= 1040 Line 11 = F. 2020 Federal adjusted gross income $ G. Filing status = (single/married filing jointly, household head)= H. Standard deduction (SD) S= I. List and enter total of itemized deductions = J. 1040 Line 12 = K. 2020 Federal taxable income $ = 1040 Line 15 = L 2020 marginal tax rate (bracket) M. Income tax before credits for 2020 S= N. Any entries in Lines 23? 1040 Line 16= 1040 Line 24 = 1040 Line 25a= O. Income tax after non-refundable credits P. Federal income tax withheld for 2020 (W2)$ = Q. Any entries in Lines 25b to Line 32? R. Total payments Federal income tax: Refund? or Extra payment due? 1040 Line 33 = S. 1040 Line 34 = T. 1040 Line 37 =