Required information [The following information applies to the questions displayed below.] Read the following letter and help Shady Slim with his tax situation. Assume that his gross income is $172,900 (which consists only of salary) for purposes of this problem. December 31, 2019 To the friendly student tax preparer: Hi, its Shady Slim again. I just got back from my 55th birthday party, and Im told that you need some more information from me in order to complete my tax return. Im an open book! Ill tell you whatever I think you need to know. I had to move this year after getting my job at Roca Cola. I moved on February 3 of this year, and I worked my job at Roca Cola for the rest of the year. I still live in the same state, but I moved 500 miles away from my old house. I hired a moving company to move my stuff at a cost of $2,300, and I drove in my car. I got a hotel room along the way that cost $65 (I love Super 8!). Can you believe Im still paying off my student loans, even after 15 years? I paid a total of $900 in interest on my old student loans this year. Since Roca Coca (my employer) never started a retirement plan, I decided I should probably start saving for my golden years. I contributed $3,000 to what the bank referred to as a regular IRA (or was it an REM?). Oh yeah. I also did a little investing this year. I bought a limited partnership interest in Duds Ltd. for $10,000. I thought it was going to be a real winner, but this year they took a bath. My portion of the loss was $8,000. Well, at least I did not actually do any work for Duds, and I get the tax deductionright? That should be all the information you need right now. Complete pages 1 and 2 Form 1040 (through line 7) and Schedule 1. Shady Slims address is 19010 N.W. 135th Street, Miami, FL 33054. Social security numbers: Shady Slims: 123-45-6789 (Input all the values as positive numbers. Use 2019 tax rules regardless of year on form)

! Required information [The following information applies to the questions displayed below.] Read the following letter and help Shady Slim with his tax situation. Assume that his gross income is $172,900 (which consists only of salary) for purposes of this problem. December 31, 2019 To the friendly student tax preparer: Hi, it's Shady Slim again. I just got back from my 55th birthday party, and I'm told that you need some more information from me in order to complete my tax return. I'm an open book! I'll tell you whatever I think you need to know. I had to move this year after getting my job at Roca Cola. I moved on February 3 of this year, and I worked my job at Roca Cola for the rest of the year. I still live in the same state, but I moved 500 miles away from my old house. I hired a moving company to move my stuff at a cost of $2,300, and I drove in my car. I got a hotel room along the way that cost $65 (I love Super 8!). Can you believe I'm still paying off my student loans, even after 15 years? I paid a total of $900 in interest on my old student loans this year. Since Roca Coca (my employer) never started a retirement plan, I decided I should probably start saving for my golden years. I contributed $3,000 to what the bank referred to as a regular IRA (or was it an REM?). Oh yeah. I also did a little investing this year. I bought a limited partnership interest in Duds Ltd. for $10,000. I thought it was going to be a real winner, but this year they took a bath. My portion of the loss was $8,000. Well, at least I did not actually do any work for Duds, and I get the tax deduction-right? That should be all the information you need right now. Complete pages 1 and 2 Form 1040 (through line 7) and Schedule 1. Shady Slim's address is 19010 N.W. 135th Street, Miami, FL 33054. Social security numbers: Shady Slim's: 123-45-6789 (Input all the values as positive numbers. Use 2019 tax rules regardless of year on form) 1040 for a Head of house hold with no dependent. 1040 PG 1 1040 PG 2 Schedule 1 Page 2 of Form 1040. Some information does not carry over from Page 1. Check my work Required information Page 2 of Form 1040. Some information does not carry over from Page 1. Page 2 1 28 2b 3b 4b 5b 6 7 8 9 Form 1040 (2018) Wages, salaries, tips, etc. Attach Form(s) W-2 Attach Form(s) W-2. Also attach Form(s) W-2G and 2a Tax-exempt interest b Taxable interest 1099-R if tax was 3a Qualified dividends 3a b Ordinary dividends withheld. 4a IRAs, pensions, and annuities 4a b Taxable amount 5a Social security benefits 5a b Taxable amount Standard deduction for- Total income. Add lines 1 through 5. Add any amount from Schedule 1, line 22 7 Adjusted gross income. If you have no adjustments to income, enter the amount from line 6; otherwise, subtract Schedule 1, Single or Married filing line 36, from line 6 separately, $12,000 8 Standard deduction or itemized deductions (from Schedule A) 9 Qualified business income deduction (see instructions) 10 Taxable income. Subtract lines 8 and 9 from line 7. If zero or less, enter-O- Married filing jointly or Qualifying widow(er). 11 a Tax (see Inst.) (check if any from: 1. Form(s) 8814 2. Form 4972 $24,000 3. b Add any amount from Schedule 2 and check here > Head of household, 12 a Child tax credit/credit for other dependents $18,000 b Add any amount from Schedule 3 and check here 13 Subtract line 12 from line 11. If zero or less, enter-O- 14 Other taxes. Attach Schedule 4 If you checked any box 15 Total tax. Add lines 13 and 14 under Standard 16 Federal income tax withheld from Forms W-2 and 1099 deduction, see instructions. 17 Refundable credits: a EIC (see inst.) b Sch. 8812 10 11 0_0 12 13 141 15 16 Check my work Required information TURIIULUI UUSIVU UUTIE LUI VOU VI Married filing jointly or Qualifying widower) $24,000 (check if any from: 1. Form(s) 8814 2. Form 4972 11 a Tax (see inst.) 3. b Add any amount from Schedule 2 and check here 11 Head of household, 12 a Child tax credit/credit for other dependents $18,000 b Add any amount from Schedule 3 and check here U 12 13 Subtract line 12 from line 11. If zero or less, enter-O- 13 14 Other taxes. Attach Schedule 4 14 . If you checked any box 15 Total tax. Add lines 13 and 14 15 under Standard 16 Federal income tax withheld from Forms W-2 and 1099 16 deduction, see instructions 17 Refundable credits: a EIC (see inst.) b Sch. 8812 c Form 8863 Add any amount from Schedule 5 17 18 Add lines 16 and 17. These are your total payments. 18 Refund 19 If line 18 is more than line 15, subtract line 15 from line 18. This is the amount you overpaid 19 20a Amount of line 19 you want refunded to you. If Form 8888 is attached, check here 20a Direct deposit? See Routing number c Type: Checking Savings instructions >d Account number 21 Amount of line 19 you want applied to your 2019 estimated tax 21 22 Amount you owe. Subtract line 18 from line 15. For details on how to pay, see instructions 22 Amount You Owe 23 Estimated tax penalty (see instructions) 23 Go to www.irs.gov/Form 1040 for instructions and the latest information. THIS FORM IS A SIMULATION OF AN OFFICIAL U.S. TAX FORM. IT IS NOT THE OFFICIAL FORM ITSELF. DO NOT USE THIS FORM FOR TAX FILINGS OR FOR ANY PURPOSE OTHER THAN EDUCATIONAL. 2019 McGraw-Hill Education. Form 1040 (2018) Check my work Required information 1040 PG 1 1040 PG 2 Schedule 1 Schedule 1 of Form 1040. Additional Income and Adjustments to Income OMB No. 1545-0074 SCHEDULE 1 (Form 1040) Department of the Treasury Intemal Revenue Service Name(s) shown on Form 1040 2018 Attach to Form 1040. Go to www.irs.gov/Form 1040 for instructions and the latest information. Attachment Sequence No. 01 Your social security number Additional Income 1-9b 10 11 12 13 1-9 b Reserved 10 Taxable refunds, credits, or offsets of state and local income taxes 11 Alimony received 12 Business income or (loss). Attach Schedule C or C-EZ 13 Capital gain or loss). Attach Schedule D if required. If not required, check here 14 Other gains or losses). Attach Form 4797 15a Reserved 16a Reserved 17 Rental real estate, royalties, partnerships, S corporations, trusts, etc. Attach Schedule E 18 Farm income or (loss). Attach Schedule F 19 Unemployment compensation 20a Reserved 21 Other Income. List type and amount 22 Combine the amounts in the far right column. If you don't have any adjustments to income, enter here and include on Form 1040, line 6. Otherwise, go to line 23 14 15b 16b 17 18 19 20b 21 22 Head of household, 12 a Child tax credit/credit for other dependents $18,000 b Add any amount from Schedule 3 and check here 13 Subtract line 12 from line 11. If zero or less, enter-O- 14 Other taxes. Attach Schedule 4 If you checked any box 15 Total tax. Add lines 13 and 14 under Standard 16 Federal income tax withheld from Forms W-2 and 1099 deduction, see instructions. 17 Refundable credits: a EIC (see inst.) b Sch. 8812 10 11 0_0 12 13 141 15 16 Check my work Required information TURIIULUI UUSIVU UUTIE LUI VOU VI Married filing jointly or Qualifying widower) $24,000 (check if any from: 1. Form(s) 8814 2. Form 4972 11 a Tax (see inst.) 3. b Add any amount from Schedule 2 and check here 11 Head of household, 12 a Child tax credit/credit for other dependents $18,000 b Add any amount from Schedule 3 and check here U 12 13 Subtract line 12 from line 11. If zero or less, enter-O- 13 14 Other taxes. Attach Schedule 4 14 . If you checked any box 15 Total tax. Add lines 13 and 14 15 under Standard 16 Federal income tax withheld from Forms W-2 and 1099 16 deduction, see instructions 17 Refundable credits: a EIC (see inst.) b Sch. 8812 c Form 8863 Add any amount from Schedule 5 17 18 Add lines 16 and 17. These are your total payments. 18 Refund 19 If line 18 is more than line 15, subtract line 15 from line 18. This is the amount you overpaid 19 20a Amount of line 19 you want refunded to you. If Form 8888 is attached, check here 20a Direct deposit? See Routing number c Type: Checking Savings instructions >d Account number 21 Amount of line 19 you want applied to your 2019 estimated tax 21 22 Amount you owe. Subtract line 18 from line 15. For details on how to pay, see instructions 22 Amount You Owe 23 Estimated tax penalty (see instructions) 23 Go to www.irs.gov/Form 1040 for instructions and the latest information. THIS FORM IS A SIMULATION OF AN OFFICIAL U.S. TAX FORM. IT IS NOT THE OFFICIAL FORM ITSELF. DO NOT USE THIS FORM FOR TAX FILINGS OR FOR ANY PURPOSE OTHER THAN EDUCATIONAL. 2019 McGraw-Hill Education. Form 1040 (2018) Check my work Required information 1040 PG 1 1040 PG 2 Schedule 1 Schedule 1 of Form 1040. Additional Income and Adjustments to Income OMB No. 1545-0074 SCHEDULE 1 (Form 1040) Department of the Treasury Intemal Revenue Service Name(s) shown on Form 1040 2018 Attach to Form 1040. Go to www.irs.gov/Form 1040 for instructions and the latest information. Attachment Sequence No. 01 Your social security number Additional Income 1-9b 10 11 12 13 1-9 b Reserved 10 Taxable refunds, credits, or offsets of state and local income taxes 11 Alimony received 12 Business income or (loss). Attach Schedule C or C-EZ 13 Capital gain or loss). Attach Schedule D if required. If not required, check here 14 Other gains or losses). Attach Form 4797 15a Reserved 16a Reserved 17 Rental real estate, royalties, partnerships, S corporations, trusts, etc. Attach Schedule E 18 Farm income or (loss). Attach Schedule F 19 Unemployment compensation 20a Reserved 21 Other Income. List type and amount 22 Combine the amounts in the far right column. If you don't have any adjustments to income, enter here and include on Form 1040, line 6. Otherwise, go to line 23 14 15b 16b 17 18 19 20b 21 22