Shelton and Mary Edmonds live at 3201 Wheeler Ave., Houston, Harris County, TX 77004. They have two (2) children, June Bugg and SheNaNa Ren. For 2019, Shelton had wages of $63,126, and $9,018 were withheld in federal income taxes. Mary had wages of $70,000, and there were $11,239 in federal income taxes withheld. The social security numbers are" Shelton 123-45-6789 Mary 987-65-4321 June 659-87-4321 SheNaNa 132-98-4567 Prepare a tax return for Shelton and Mary where they are married filing a joint return. Prepare a tax return for Shelton and Mary where they are married filing a separate return and each claims one (1) child. Use the tax rate schedules that we reviewed on Tuesday to determine the amount of tax due or the amount of the refund. I Filing Requirements For 2019. Code Sec. 6012 requires a tax return to be filed if gross income for the year is at least as much as the amount shown for the categories in the table below. Filing Status Gross Income 2019 Single Under 65 $12.200 65 or older Dependent with unearned income 1100 Dependent with no unearned income Married Filing Joint Return Both spouses under 65 524,400 One spouse 5 or older 25700 Both spouse or older 27.000 Married Filing Separate Return All 5 Head of Household Under 65 $1350 65 or older 20.000 Surviving Spouse Under 65 524,400 65 or older 25.700 Standard Deduction The standard deduction is based on the filing status of the taxpayer and is made up of the "basic standard deduction plus any "additional standard deduction. The standard deduction is adjusted annually, if necessary, for inflation. Filing Status Basic Standard Deduction 2019 Single $12,200 Married Filing Joint Return Married Filing Separate Return Head of Household Surviving Spouse 24400 Additional Standard Deduction for Age and Blindness. An additional standard deduction is allowed for those age 65 or over and for those who are blind. The additional standard deduction is the total of the additional amounts allowed for both age and blindness. The dollar value of each additional amount will depend on the taxpayer's filing status. 24,400 12.200 18,350 Filing Status Single Married Filing Joint Return Married Filing Separate Return Head of Household Surviving Spouse Additional Standard Deduction 2019 $1,650 1300 200 1.650 1300 Taxpayers receive an additional standard deduction for being both aged and blind. Thus, a married couple, both of whom are aged and blind, is allowed an additional standard deduction of $5,200 ($1,300 x 4). 2019 Tax Rates and Amounts Tax Rate Schedules for 2019 Schedule X: Single Individuals Taxable income Over But Not Over $0 $9,700 9,700 39,475 39,475 84.200 84.200 160,725 160,725 204,100 204,100 $10,300 510300 Pay $0.00 970.00 4,54300 14,382.50 32,748.50 46,628 50 153.798.50 ons 104 12 22 24 32 35 37 of the amount over 50 9.700 39,475 84200 160725 204,100 510 300 SCHEDULE Y-1: Married Filing Jointly and Surviving Spouses Taxable income Over But Not Over Pay $0 $19,400 $0.00 19,400 78,950 1.940.00 78.950 168,400 9,086.00 168,400 321,450 28,765.00 321 450 408,200 65.49700 408,200 612,350 93.257.00 612.350 164 709.50 Soncess 10% 12 22 24 of the amount over $0 19,400 78,950 168,400 321.450 408.200 612 350 * 35 SCHEDULE Y-2: Married Individuals Filing Separately Taxable income Over But Not Over Pay $0 $9.700 $0.00 9,700 39,475 970.00 39.475 84 200 4543.00 84200 160,725 14,382.50 160,725 204,100 32.748.50 204,100 306,175 46,628.50 306,175 82,35475 Son Excess 10% 12 22 24 of the amount over $0 9.700 39,475 84200 160,725 204,100 306,175 32 35
