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Romonek Tax Return Kevin (SS# 123-45-6789) and Michelle (SS# 987-65-4321) Romonek are married and earned salaries this year of $64,000 and $12,000, respectively. In
Romonek Tax Return Kevin (SS# 123-45-6789) and Michelle (SS# 987-65-4321) Romonek are married and earned salaries this year of $64,000 and $12,000, respectively. In addition to their salaries, they received interest of $350 from municipal bonds and $500 from corporate bonds. Kevin received $900 in disability insurance payments from a work-related injury. Michelle also received $10,000 as an Annual Director Fee. Kevin and Michelle have a 10-year old son, Matthew (SS# 540-67-9921), who lived with them throughout the entire year. Thus, Kevin and Michelle are allowed to claim the child tax credit. Kevin and Michelle paid $6,000 of expenditures that qualify as itemized deductions, of which $520 were cash donations. They had a total of $5,500 in federal income taxes withheld from their paychecks during the course of the year. Michelle is also 50% partner in Passports, Inc. Michelle's Schedule K-1 showed the following information: Ordinary Income (Non-passive) $2,900 Interest Income $110 Ordinary (Qualified) Dividend $40 Cash Distribution $1,000 The Romonek's live at 10832 Rose Dr, San Luis Obispo, CA 93401. 1)Prepare a Schedule E 2)Prepare Schedule B 3) Prepare any applicable schedules (1-3) 4) Prepare Form 1040
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