[The following information applies to the questions displayed below.) Demarco and Janine Jackson have been married for 20 years and have four children who qualify as their dependents (Damarcus, Janine, Michael, and Candice). The couple received salary income of $100,000 and qualified business income of $10,000 from an investment in a partnership, and they sold their home this year. They initially purchased the home three years ago for $200,000 and they sold it for $250,000. The gain on the sale qualified for the exclusion from the sale of a principal residence. The Jacksons incurred $16,500 of itemized deductions, and they had $3,550 withheld from their paychecks for federal taxes. They are also allowed to claim a child tax credit for each of their children. However, because Candice is 18 years of age, the Jacksons may only claim the child tax credit for other qualifying dependents for Candice. (Use the tax rate schedules.) Complete page 1, page 2. and Schedule 1 of the Jacksons, Form 1040 (use the most recent form available) Demarco and Janine Jackson's address is 1001 NW.93 Street, Miami, FL 33168 Social security numbers: Demarco: 123-45-6789 Janine: 234-56-7890 Son: Damarcus: 345-67-8901 Daughter Janine: 456-78-9012 Son: Michael : 567-89-0123 Daughter Candice: 678-90-1234 Enter any non-financial information, (e.g. Nomes, Addresses, social security numbers) EXACTLY as they appear in any given information or Problem Statement. (Input all the values os positive numbers. Use 2019 tax laws.) (Do not round your intermediate calculations. Round final answers to the nearest whole dollar amount.) 1040 for a couple Married Filing Jointly. 1040 PG 1 1040 PG 2 Schedule 1 Page 2 of Form 1040. Some information does not carry over from Page 1 Page 2 of Form 1040. Some information does not carry over from Page 1. Form 1040 (2018) 1 Wages, salaries, tips, etc. Altach Form(s) W-2 1 2a Tax-exempt interest 2a b Taxable interest 26 Attach Forms]W-2. Also 3a Qualified dividends attachForms) W.2G 3a b Ordinary dividends 3b and 1099.Rifax 4a IRAs pensions, and annuities 4a bTaxable amount 46 waswithheld 5a Social security benefits 5a b Taxable amount 5b 6 Total income Add lines 1 through 5. Add any amount from Schedule 1, line 22 6 Standard deduction for. 7 Adjusted gross income. If you have no adjustments to income enter the amount from line 6 otherwise, subtract Schedule 1 . Single or Married filing line 36. from line 6 7 separately. 512.000 8 Standard deduction or itemized deductions from Schedule A) 8 9 Qualified business income deduction (see instructions) 9 10 Taxable income Subtractines 8 and 9 from line 7. If zero or less enter- Married fling jointly or 10 Qualifying widower) 11 Tax (sce inst (check if any from 524.000 1. Formis) 8814 2. Form 4972 3 b Add any amount from Schedule 2 and check here 11 Head of household 12 a Child tax credit credit for other dependents 3550 $18.000 Add any amount from Schedule 3 and check here 12 13 Subtract line 12 from line 11 If zero or less anter.o. 13 14 Other faces. Attach Schedule 4 14 If you checked any box 15 Total tax. Add lines 13 and 14 15 under Standard deduction see 16 Federal income tax withheld from Foms W.2 and 1099 16 instructions 17 Refundable credits a EIC (se inst) b Sch 8012 Form 8863 d Add any amount from Schedules 17 18 Add lines 16 and 17. These are your total payments 18 Refund 19 if line 18 is more than line 15. subtract line 15 from line 18. This is the amount you overpad 19 20a Amount of line 19 you want refunded to you if Form 8888 is attached, check here 20a Direct deposit? See Routing number Type Checking Savings instructions d Account number 21 Amount of line 19 you want applied to your 2019 estimated tax 21 Amount You Owe 22 Amount you owe Subtract line 18 from ine 15. For detais on how to pay, so instructions 22 23 Estimated tax penalty (see instructions Go to www.irs govForm1040 for instructions and the latest information THIS FORM IS A SIMULATION OF AN OFFICIAL U.S. TAX FORM. IT IS NOT THE OFFICIAL FORM ITSELF. DO NOT USE THIS FORM FOR TAX > Form 104 Additional Income and Adjustments to Income OMB No 1545-0074 SCHEDULE 1 (Form 1040) Department of the Treasury Internal Revenue Service Name(s) shown on Form 1040 2018 Alach to Form 1010 Go to www.is gov/Form1000 for instructions and the latest information Attachment Sequence No. 01 Your social security number Additional Income 1-90 10 11 12 13 14 150 1600 17 18 19 200 21 1-9 Reserved 10 Taxable refunds, credits or offsets of state and local income taxes 11 Alimony received 12 Business income or (ss). Attach Schedule C or CEZ 13 Capital gain or loss) Altach Schedule Dif required if not required check here 14 Other gains or losses Attach Form 4797 15a Reserved 16a Reserved 17 Rental real estate ale partnerships Scorporations trustee Asach Schedule E 18 Farm income or 098) Attach Schedule F 19 Unemployment compensation 20a Reserved 21 Other income. Listype and amount 22 Combine the amounts in the far right column you dont have any adjustments to come here and on Form 104. line 6 Omerwise go to line 23 23 Educator penses 23 24 Certain business expenses of resist performing artists and fer-basis government of Attach Form 2105 24 25 Health savings account deduction Attach Form 1000 25 25 Moving expenses for members of the armed forces Attach Form3003 25 27 Deductible part of employment Amach Schedule SE 22 25 Sef employed SEP SIMPLE and used plans 23 Setemployed health insurance detection 29 30 Penaly on any with of swings 30 11 Amony Dad D Recipients SSN 313 32 RA deduction 33 Studentantes de 32 34 Reed 33 35 Rasted 34 35 Adjustments to income 22 0 For Pawon Act Notic see your tax return instructions Cat No 11479 Schedule 1 (Form 1040) 2015