Schedute 8 at: fort tix Plike Sebeauths Tix Planting for 2022 Form 1040 Dependents If more than four dependents; see instructions and check bere ra Atrach Sch. B if required Standard Deduction for- - Single or Married filing separatelif. 112,590 - Married tiling joinaly or Qualifying widow(er). 525,100 - Hebd or housebola, $16,000 - If reuchecked any box under Standerd Deduction, see instructions. (see instructions) (1) First name Last name \begin{tabular}{|l|c|} \hline (1) First name Last name & number \\ \hline John Byrd & 12345.6780 \\ \hline Sam Byrd & 12345.6787 \\ \hline & \\ \hline \end{tabular} (3) Pelationahip to you Child Parent (4) if qualifies for (see instructions): \begin{tabular}{|c|c|} \begin{tabular}{c} (2) Social security \\ number \end{tabular} & \begin{tabular}{c} (3) Pelationahip \\ to you \end{tabular} \\ 123456780 & Child \\ \hline 123456787 & Parent \\ \hline & \\ \hline \end{tabular} \begin{tabular}{l} (4) if qualifies for (see instructions): \\ Child tax credit \\ \hline \end{tabular} 1 Wages, salaries, tips, etc. Atach form(s) W-2 2a Tax-exemot interest. 3a Qualified dividends :... 4 a TRA distributions ..... 5a Pensions and annuties 6a Social security benefits 7 Copital gain or (loss), Attach Schedule D if required, If nor required, check here 8 Other income from Schedule 1 , line 10 . 9 Add lines 1,2b,3b,4b,5b,6b,7, and 8 . This is your total inceme 10 Adjustments to income from Schedule 1 , line 26 11 Subtract line 10 from line 9. This is your adjusted gress inceme 12a Standard deduction or itemized deductions (from Schedule A). b Choricable coetributions a yeu take the standard deduction (ste instructions) c Add lines 12a asd 120 13 Qualified business income dedcetion from form 9995 or form em5-A 14 fdd lines 12x and 17 15 Taxable income. Subtrace line 14 from line 11 . If zero or less, enter to. b Taxable interest. b Ordinary dividends b Tarable amount. b Taxable amount b. Taxable amount \begin{tabular}{|l|} \hline 2a \\ \hline 3a \\ \hline 4a \\ \hline 5a \\ \hline 6a \\ \hline \end{tabular} b Taxable interest ...., ..... BAA For Disclosure, Privacy Act, and Paperwork Reduction Act Netice, see separate instivctions. form 1040 (2002) 2021 estimated tax payments and amount soplied from 2020 return The medcal expenses for Sam represent most of the 60% that Bruce contributed toward his father's support Other relevant information folliows: - When they filed their 2020 state return in 2021, the Byrds paid additional state income tax of $900 - Dunng 2021, Alice and Eruce attended a dinner dance sponsored by the Lowell Police Disability Association (a qualfied charitable organization). The Byrds paid $300 for the tickets. The sest of comparable entertainment would normally be $50. - The Byrds contributed $5,000 to Lowell Presbyserian Church and gave used cleching (cost of $1,200 and fair market walue of $350 ) to the 5alvation Army. Alt donations are supported by receipts, and the clothing is in very good condition. - We a crowdhunding site (gofundme com), Alice and Bruce made a gift to a needy farmily who lost their home in a fire (\$400). In adilion, they made several cash gifts to homeless individuals dewntown (estimated to be 465 ). - In 2021, the Brts receivod interest incente of $2,750, which was reported on a Form 1099 -INT from Second Nationat Bank, 125 Oak Street, Lowell, MA 01850 (Employer Identication Number 987654322 ). Identication Namber 997654323 ). The mortgage (outstanding balance of $425,000 as of January 1.2021 ) nas taken out by the Byrds on May 1, 201 ? - Alice's employer requires that all employees weat uniforms to nork. During 2021 , Alice spent saso on new un f ormis and $566 on loundry chargesi - Bruce pild s400 for an annual subscription to the Joumal of Franchie Mandgement and 5741 for anoual membership dues to his prefersienalastocintion. - Neither Alices nor Bruce's employer reimburses for enplovee expenses. - The byrds do not keog the receipss for the sales taxes they poid and had no major purchases subject to sales tax. - This year the tyrds gave each of their children $2,000, which inas then deposited into ther Roth 1 RAs. - Alice and fruce paid no estimated federal inceme tax, and ther did noc engage in any virtual currency transactions during the rear Neither Alce nor Sruce wants to designate 53 to the Presidential Election Campaign Fund The evrds received the aporobuate recovery retates (economic impact parments); related questions in Proconhect Tax should be ignored. Aequired: then. * Make realistic assumptions about any missing data. - If en emoust box does seot require an entry er the answer is aero, enter " 0 ". - Enter all ampuets as pesitive sumbers. - Ir may be necessary te complete the tax schedules befera completiag form 1040. - When computing the tax liability, do not round vour inanediate calculations. It required, round yeur final answrers to the nearest delier. Senecule 0012 2021 Tix Riti Schedules Tax Planning for 2022 Form 1040 Note: This preblem is for the 2021 tax year. Alice J. and Bruce M. Eyrd are married takpayers who file a joink return. Their Social Security numbers are 123-45.6784 and 111-11-11 13. respectively. Alce's birthday is September 21, 1974, and Bruce's is June 27, 1973. Ther live at 473 Revere Awecue, Lowell, MA 01B50, Alice is the office manager for Lowell Dental Clink, 433 Eroad Street, Lowell, NA 01850 (Empleyer Identification Number 967654321 ), Bruce is the manager of a Supes Eurpers fast-fecd outlet omned and operated by Whrmouth Corporation, 1247 Central Auenue, Happauge, Ny 11763 (Employer Identification Number 11 -1111111). The following information is shown on their Wage and Tar Statements (form W-2) for 2021 The Eyrds perevide over half of the support of their two chilese, Crnthia (born January 25, 1997, Sociel Secunty number 123 -45-6788) aod when they are awar at coligoe, Cynthia earned $6,200 from a summer intermship in 2021 , and John earned 53,800 from a part.time job. tobi children received scholarships covening tuition and materials. Schaduin Ber2 2021 Tax Rate Sehedules Tax Planning tor 2022 Form 1040 . Complete the Erress form 1040 for 2021. Use the 2021 Tax Rate Schedules to compute the tax. (Note: Because the tax rate schedules are used instead of the tax tables, the Schedute 8 at: fort tix Plike Sebeauths Tix Planting for 2022 Form 1040 Dependents If more than four dependents; see instructions and check bere ra Atrach Sch. B if required Standard Deduction for- - Single or Married filing separatelif. 112,590 - Married tiling joinaly or Qualifying widow(er). 525,100 - Hebd or housebola, $16,000 - If reuchecked any box under Standerd Deduction, see instructions. (see instructions) (1) First name Last name \begin{tabular}{|l|c|} \hline (1) First name Last name & number \\ \hline John Byrd & 12345.6780 \\ \hline Sam Byrd & 12345.6787 \\ \hline & \\ \hline \end{tabular} (3) Pelationahip to you Child Parent (4) if qualifies for (see instructions): \begin{tabular}{|c|c|} \begin{tabular}{c} (2) Social security \\ number \end{tabular} & \begin{tabular}{c} (3) Pelationahip \\ to you \end{tabular} \\ 123456780 & Child \\ \hline 123456787 & Parent \\ \hline & \\ \hline \end{tabular} \begin{tabular}{l} (4) if qualifies for (see instructions): \\ Child tax credit \\ \hline \end{tabular} 1 Wages, salaries, tips, etc. Atach form(s) W-2 2a Tax-exemot interest. 3a Qualified dividends :... 4 a TRA distributions ..... 5a Pensions and annuties 6a Social security benefits 7 Copital gain or (loss), Attach Schedule D if required, If nor required, check here 8 Other income from Schedule 1 , line 10 . 9 Add lines 1,2b,3b,4b,5b,6b,7, and 8 . This is your total inceme 10 Adjustments to income from Schedule 1 , line 26 11 Subtract line 10 from line 9. This is your adjusted gress inceme 12a Standard deduction or itemized deductions (from Schedule A). b Choricable coetributions a yeu take the standard deduction (ste instructions) c Add lines 12a asd 120 13 Qualified business income dedcetion from form 9995 or form em5-A 14 fdd lines 12x and 17 15 Taxable income. Subtrace line 14 from line 11 . If zero or less, enter to. b Taxable interest. b Ordinary dividends b Tarable amount. b Taxable amount b. Taxable amount \begin{tabular}{|l|} \hline 2a \\ \hline 3a \\ \hline 4a \\ \hline 5a \\ \hline 6a \\ \hline \end{tabular} b Taxable interest ...., ..... BAA For Disclosure, Privacy Act, and Paperwork Reduction Act Netice, see separate instivctions. form 1040 (2002) 2021 estimated tax payments and amount soplied from 2020 return The medcal expenses for Sam represent most of the 60% that Bruce contributed toward his father's support Other relevant information folliows: - When they filed their 2020 state return in 2021, the Byrds paid additional state income tax of $900 - Dunng 2021, Alice and Eruce attended a dinner dance sponsored by the Lowell Police Disability Association (a qualfied charitable organization). The Byrds paid $300 for the tickets. The sest of comparable entertainment would normally be $50. - The Byrds contributed $5,000 to Lowell Presbyserian Church and gave used cleching (cost of $1,200 and fair market walue of $350 ) to the 5alvation Army. Alt donations are supported by receipts, and the clothing is in very good condition. - We a crowdhunding site (gofundme com), Alice and Bruce made a gift to a needy farmily who lost their home in a fire (\$400). In adilion, they made several cash gifts to homeless individuals dewntown (estimated to be 465 ). - In 2021, the Brts receivod interest incente of $2,750, which was reported on a Form 1099 -INT from Second Nationat Bank, 125 Oak Street, Lowell, MA 01850 (Employer Identication Number 987654322 ). Identication Namber 997654323 ). The mortgage (outstanding balance of $425,000 as of January 1.2021 ) nas taken out by the Byrds on May 1, 201 ? - Alice's employer requires that all employees weat uniforms to nork. During 2021 , Alice spent saso on new un f ormis and $566 on loundry chargesi - Bruce pild s400 for an annual subscription to the Joumal of Franchie Mandgement and 5741 for anoual membership dues to his prefersienalastocintion. - Neither Alices nor Bruce's employer reimburses for enplovee expenses. - The byrds do not keog the receipss for the sales taxes they poid and had no major purchases subject to sales tax. - This year the tyrds gave each of their children $2,000, which inas then deposited into ther Roth 1 RAs. - Alice and fruce paid no estimated federal inceme tax, and ther did noc engage in any virtual currency transactions during the rear Neither Alce nor Sruce wants to designate 53 to the Presidential Election Campaign Fund The evrds received the aporobuate recovery retates (economic impact parments); related questions in Proconhect Tax should be ignored. Aequired: then. * Make realistic assumptions about any missing data. - If en emoust box does seot require an entry er the answer is aero, enter " 0 ". - Enter all ampuets as pesitive sumbers. - Ir may be necessary te complete the tax schedules befera completiag form 1040. - When computing the tax liability, do not round vour inanediate calculations. It required, round yeur final answrers to the nearest delier. Senecule 0012 2021 Tix Riti Schedules Tax Planning for 2022 Form 1040 Note: This preblem is for the 2021 tax year. Alice J. and Bruce M. Eyrd are married takpayers who file a joink return. Their Social Security numbers are 123-45.6784 and 111-11-11 13. respectively. Alce's birthday is September 21, 1974, and Bruce's is June 27, 1973. Ther live at 473 Revere Awecue, Lowell, MA 01B50, Alice is the office manager for Lowell Dental Clink, 433 Eroad Street, Lowell, NA 01850 (Empleyer Identification Number 967654321 ), Bruce is the manager of a Supes Eurpers fast-fecd outlet omned and operated by Whrmouth Corporation, 1247 Central Auenue, Happauge, Ny 11763 (Employer Identification Number 11 -1111111). The following information is shown on their Wage and Tar Statements (form W-2) for 2021 The Eyrds perevide over half of the support of their two chilese, Crnthia (born January 25, 1997, Sociel Secunty number 123 -45-6788) aod when they are awar at coligoe, Cynthia earned $6,200 from a summer intermship in 2021 , and John earned 53,800 from a part.time job. tobi children received scholarships covening tuition and materials. Schaduin Ber2 2021 Tax Rate Sehedules Tax Planning tor 2022 Form 1040 . Complete the Erress form 1040 for 2021. Use the 2021 Tax Rate Schedules to compute the tax. (Note: Because the tax rate schedules are used instead of the tax tables, the