Required information [The following information applies to the questions displayed below. John and Sandy Ferguson got married eight years ago and have a seven-year-old daughter, Samantha. In 2021, John worked as a computer technician at a local university earning a salary of $152,000, and Sandy worked part time as a receptionist for a law firm earning a salary of $29,000. John also does some Web design work on the side and reported revenues of $4,000 and associated expenses of $750. The Fergusons received $800 in qualified dividends and a $200 refund of their state income taxes. The Fergusons always itemize their deductions, and their itemized deductions were well over the standard deduction amount last year. Assume the Fergusons did not receive an advance payment for the 2021 individual recovery credit because they are not eligible for the credit. Use Exhibit 8-10, Tax Rate Schedule, Dividends and Capital Gains Tax Rates, 2021 AMT exemption for reference. The Fergusons reported making the following payments during the year: State income taxes of $4,400. Federal tax withholding of $21,000. Alimony payments to John's former wife of $10,000 (divorced 12/31/2014). Child support payments for John's child with his former wife of $4,100. $12,200 of real property taxes. Sandy was reimbursed $600 for employee business expenses she incurred. She was required to provide documentation for her expenses to her employer. $3,600 to Kid Care day care center for Samantha's care while John and Sandy worked. $14,000 interest on their home mortgage ($400,000 acquisition debt). $3,000 interest on a $40,000 home-equity loan. They used the loan to pay for a family vacation and new car. $15,000 cash charitable contributions to qualified charities. Donation of used furniture to Goodwill. The furniture had a fair market value of $400 and cost $2,000. Complete pages 1 and 2, Schedule 1, Schedule 2, and Schedule 3 of Form 1040 and Form 6251 for John and Sandy. John and Sandy Ferguson's address is 19010 N.W. 135th Street, Miami, FL 33054. Social security numbers: John (DOB 11/07/1970): 111-11-1111 Sandy (DOB 6/24/1972): 222-22-2222 Samantha (DOB 9/30/2016): 333-33-3333 Alimony recipient: 555-55-5555 Required information nyuDHILOS IUM. TIIU WUL WIVI Unudy - www MIL WHI JpVuo. VIUIS VUI VUIVI VIUI-, IJU JIS TU Dependents (see instructions): (2) Social security number (3) Relationship to you (4) Vif qualifies for (see instructions): Child tax credit Credit for other dependents Last name (1) First name Samantha Ferguson 333-33-3333 Daughter If more than four dependents, see instructions and check here 1 2a 2b 3a 3b 4a 4b 0 5b 6b 7 8 9 1 Wages, salaries, tips, etc. Attach Form(s) W-2 181,000 Attach Sch. B if 2a Tax-exempt interest 12,200 b Taxable interest. 4,200 required. 3a Qualified dividends 800 b Ordinary dividends. 800 4a IRA distributions 0 b Taxable amount 5a Pensions and annuities 5a ob Taxable amount 0 6a Social security benefits 210 b Taxable amount 185,2501 7 Capital gain or loss). Amount. 175,206 Standard Deduction for- 8 Other income from Schedule 1, line 9 Single or Married filing separately, 9 Add lines 1, 2b, 36, 45, 56, 6, 7, and 8. This is your total income 546,456 $12,400 Married filing 10 Adjustments to income: jointly or Qualifying a From Schedule 1, line 22 widow(er), $24,800 b Charitable contributions if you take the standard deduction. See instruction 15,000 Head of household, C Add lines 10a and 10b. These are your total adjustments to income 10c 15,000 S18,650 . If you checked 11 Subtract line 10c from line 9. This is your adjusted gross income 11 any box under Standard 12 Standard deduction or itemized deductions (from Schedule A) 12 Deduction, see instructions 13 Qualified business income deduction. Attach Form 8995 or Form 8995-A 13 14 Add lines 12 and 13 15 Taxable income. Subtract line 14 from line 11. If zero or less, enter - - For Disclosure, Privacy Act, and Paperwo Reduction Act Notice, see separate ins ctions. Form 1040 (2020) 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. 2021 McGraw-Hill Education. 10a 10b 14 0 15 0 Ca No. 11320B | Refund 34 If line 33 is more than line 24, subtract line 24 from line 33. This is the amount you overpaid 34 35a Amount of line 34 you want refunded to you. 35a Direct Routing c Type: Checking Savings deposit? number See d Account instructions. number 36 Amount of line 34 you want applied to your 2021 estimated tax 36 Amount You 37 Subtract line 33 from line 24. This is the amount you owe now 37 Owe Note: Schedule H and Schedule SE filers, line 37 may not represent all of the taxes you owe for 2020. See Schedule 3, line 12e, and its instructions for details For details on how to 38 Estimated tax penalty (see instructions) 38 pay. See instructions. Third Party Do you want to allow another person to discuss this return with the IRS? See instructions No Yes. Complete below. Designee Designee's Phone Personal identification name no. number (PIN) Sign Under penalties of perjury, I declare that I have examined this return and accompanying schedules and statements, and to the best of my knowledge Here and belief, they are true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge Joint Your signature If the IRS sent you an identity Date Your occupation return? Protection PIN, enter it here See (see inst.) instructions. Keep a Spouse's signature. If a joint return, both must sign. If the IRS sent your spouse an Date Spouse's occupation Identity Protection PIN, enter it here your records. (see inst.) Phone no. Email address Preparer's name Preparer's signature Date PTIN Check if: Paid Preparer Self-employed Firm's name Phone no. Only Firm's address Firm's EIN Go to www.irs.gov/Form1040 for instructions and the latest information Form 1040 (2020) 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. 2021 McGraw-Hill Education. copy for Use