Return to questionItem $1$

Assume the taxpayer does NOT wish to contribute to the Presidential Election Fund, unless otherwise stated in the problem. In addition, the taxpayers did NOT receive, sell, send, exchange, or otherwise acquire any financial interest in any virtual currency during the year.

John and Martha Holloway are married filing jointly. They are $35$ and $31$ years old, respectively. Their address is $10010$ Dove Street, Atlanta, GA $30294.$ Additional information about Mr$.$ and Mrs$.$ Holloway is as follows:

Social Security number:

John: $412-34-5670$

Date of birth: $3/4/1988$

W$-2$ for John shows these amounts:

Wages $($box $1)=$ $ $22,198\mathrm{.}00$

Federal W$/$H $($box $2)=$ $ $1,500\mathrm{.}00$

Social Security wages $($box $3)=$ $ $22,198\mathrm{.}00$

Social Security W$/$H $($box $4)=$ $ $1,376\mathrm{.}28$

Medicare wages $($box $5)=$ $ $22,198\mathrm{.}00$

Medicare W$/$H $($box $6)=$ $ $321\mathrm{.}87$

Social Security number:

Martha: $412-34-5671$

Date of birth: $8/20/1992$

W$-2$ for Martha shows these amounts:

Wages $($box $1)=$ $ $35,500\mathrm{.}00$

Federal W$/$H $($box $2)=$ $ $3,100\mathrm{.}00$

Social Security wages $($box $3)=$ $ $35,500\mathrm{.}00$

Social Security W$/$H $($box $4)=$ $ $2,201\mathrm{.}00$

Medicare wages $($box $5)=$ $ $35,500\mathrm{.}00$

Medicare W$/$H $($box $6)=$ $ $514\mathrm{.}75$

Form $1099-$DIV for Martha shows this amount:

Box $1$a and box $1$b $=$ $$345\mathrm{.}00$ from MAR Brokerage.

Form $1099-$INT for Martha shows these amounts:

Box $1=$ $$450\mathrm{.}00$ from ABC Bank.

Box $4=$ $$35\mathrm{.}00.$

John is a maintenance worker, and Martha is a Human Resources Manager.

Required:

Prepare Form $1040$ for Mr$.$ and Mrs$.$ Holloway for $2023.$ They want to contribute to the presidential election campaign. Use the appropriate Tax Tables.

Note: List the names of the taxpayers in the order in which they appear in the problem. Input all the values as positive numbers. Instructions can be found on certain cells within the forms.