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Required: Use the following information to complete Keith and Jennifer Hamiltons 2020 federal income tax return. If any information is missing, use reasonable assumptions to

Required:

  • Use the following information to complete Keith and Jennifer Hamiltons 2020 federal income tax return. If any information is missing, use reasonable assumptions to fill in the gaps.
  • Form 1040, supporting schedules, and instructions to the forms and schedules can be found at the IRS website (www.irs.gov).

Facts:

  1. Keith Hamilton is employed as an airline pilot for Flyby Airlines in Las Vegas, Nevada. Jennifer is employed as a teachers assistant at Small World Elementary School, in Henderson, Nevada. Keith and Jennifer live in a home they purchased this year. Keith and Jennifer have three children who lived with them all year, Joshua (17), Danielle (14), and Sara (10). None of the children provided more than half of his or her own support. Keith and Jennifer provided the following personal information:
    • Keith and Jennifer do not want to contribute to the presidential election campaign.
    • Keith and Jennifer do not claim itemized deductions.
    • Neither Keith nor Jennifer have any foreign bank accounts or trusts.
    • Neither Keith nor Jennifer acquired, sold, or exchanged virtual currency in 2020.
    • Keith and Jennifer live at 3678 Blue Sky Drive, Henderson, Nevada 89052.
    • Keiths birthday is 10/12/1974 and his Social Security number is 535-22-4466.
    • Jennifers birthday is 7/29/1977 and her Social Security number is 535-44-2255.
    • Joshuas birthday is 6/30/2002 and his Social Security number is 454-54-5454.
    • Danielles birthday is 8/12/2005 and her Social Security number is 343-43-4343.
    • Saras birthday is 5/13/2009 and her Social Security number is 232-32-3232.
    • 2. Keith received above Form W-2 for 2020 from Flyby Airlinesimage text in transcribed
    • 3. Jennifer received the following Form W-2 for 2020 from Small World Elementary School
    • image text in transcribed4. During 2020, Keith and Jennifer received $550 in interest from Las Vegas municipal bonds, $1,070 interest from U.S. Treasury bonds, and $65 from their savings account at SCD Credit Union. Keith and Jennifer are joint owners of the Las Vegas city bonds and the U.S. Treasury bonds. They have a joint savings account at SCD Credit Union.
    • 5. On May 17, 2020, Keith and Jennifer received a federal income tax refund of $975 from their 2019 federal income tax return.
    • 6. On September 29, 2020, Jennifer won an iPad valued at $500 in a raffle at the annual fair held at Joshuas high school.
    • 7. Keith and Jennifer did not buy, sell, exchange, or otherwise acquire any financial interest in a virtual currency
OMB No. 1545-0008 a Employee's social security number 22222 535-22-4466 b Employer identification number (EIN) 91-0001002 c Employer's name, address, and ZIP code Flyby Airlines 375 West Flight Blvd. Las Vegas, NV 89119 1 Wages, tips, other compensation 163,645.00 3 Social security wages 132,900.00 5 Medicare wages and tips 178,645.00 7 Social security tips 2 Federal income tax withheld 25,000.00 4 Social security tax withheld 8,239.80 6 Medicare tax withheld 2,590.35 8 Allocated tips d Control number 9 10 Dependent care benefits e Employee's first name and initial Last name Suff. 11 Nonqualified plans 12a 15,000.00 Keith Hamilton 13 Statutory Retirement plan Third-party sick pay 12b employee 14 Other 12c 3678 Blue Sky Drive Henderson, NV 89052 12d f Employee's address and ZIP code 15 State Employer's state ID number NV 987654321 18 Local wages, tips, etc. 19 Local income tax 20 Locality name 16 State wages, tips, etc. 17 State income tax 163,645.00 Form W-2 Wage and Tax Statement 2021 Department of the Treasury - Internal Revenue Service Copy 1-For State, City, or Local Tax Department a Employee's social security number 22222 535-44-2255 b Employer identification number (EIN) 91-0001003 c Employer's name, address, and ZIP code Small World Elementary School 333 Tiny Tot Lane Henderson, NV 89053 OMB No. 1545-0008 1 Wages, tips, other compensation 36,825.00 3 Social security wages 39,925.00 5 Medicare wages and tips 39,925.00 7 Social security tips 2 Federal income tax withheld 3,350.00 4 Social security tax withheld 2,475.35 6 Medicare tax withheld 578.91 8 Allocated tips d Control number 9 10 Dependent care benefits e Employee's first name and initial Last name Suff. 11 Nonqualified plans 12a 3,100.00 Jennifer Hamilton 13 Statutory employee Retirement plan Third-party sick pay 12b 14 Other 12c 3678 Blue Sky Drive Henderson, NV 89052 12d f Employee's address and ZIP code 15 State Employer's state ID number NV 123456789 18 Local wages, tips, etc. 19 Local income tax 20 Locality name 16 State wages, tips, etc. 17 State income tax 36,825.00 W-2 Wage and Tax Statement 2021 Department of the Treasury - Internal Revenue Service Form Copy 1-For State, City, or Local Tax Department OMB No. 1545-0008 a Employee's social security number 22222 535-22-4466 b Employer identification number (EIN) 91-0001002 c Employer's name, address, and ZIP code Flyby Airlines 375 West Flight Blvd. Las Vegas, NV 89119 1 Wages, tips, other compensation 163,645.00 3 Social security wages 132,900.00 5 Medicare wages and tips 178,645.00 7 Social security tips 2 Federal income tax withheld 25,000.00 4 Social security tax withheld 8,239.80 6 Medicare tax withheld 2,590.35 8 Allocated tips d Control number 9 10 Dependent care benefits e Employee's first name and initial Last name Suff. 11 Nonqualified plans 12a 15,000.00 Keith Hamilton 13 Statutory Retirement plan Third-party sick pay 12b employee 14 Other 12c 3678 Blue Sky Drive Henderson, NV 89052 12d f Employee's address and ZIP code 15 State Employer's state ID number NV 987654321 18 Local wages, tips, etc. 19 Local income tax 20 Locality name 16 State wages, tips, etc. 17 State income tax 163,645.00 Form W-2 Wage and Tax Statement 2021 Department of the Treasury - Internal Revenue Service Copy 1-For State, City, or Local Tax Department a Employee's social security number 22222 535-44-2255 b Employer identification number (EIN) 91-0001003 c Employer's name, address, and ZIP code Small World Elementary School 333 Tiny Tot Lane Henderson, NV 89053 OMB No. 1545-0008 1 Wages, tips, other compensation 36,825.00 3 Social security wages 39,925.00 5 Medicare wages and tips 39,925.00 7 Social security tips 2 Federal income tax withheld 3,350.00 4 Social security tax withheld 2,475.35 6 Medicare tax withheld 578.91 8 Allocated tips d Control number 9 10 Dependent care benefits e Employee's first name and initial Last name Suff. 11 Nonqualified plans 12a 3,100.00 Jennifer Hamilton 13 Statutory employee Retirement plan Third-party sick pay 12b 14 Other 12c 3678 Blue Sky Drive Henderson, NV 89052 12d f Employee's address and ZIP code 15 State Employer's state ID number NV 123456789 18 Local wages, tips, etc. 19 Local income tax 20 Locality name 16 State wages, tips, etc. 17 State income tax 36,825.00 W-2 Wage and Tax Statement 2021 Department of the Treasury - Internal Revenue Service Form Copy 1-For State, City, or Local Tax Department

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