[The following information applies to the questions displayed below.) Demarco and Janine Jackson have been married for 20 years and have four children (no children under age 6 at year-end) who qualify as their dependents (Damarcus, Jasmine, 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 (no charitable contributions), and they had $1,000 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 was 18 years of age at year end, the Jacksons may claim a 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 19010 NW. 135th Street, Miami, FL 33054, Hur here 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 19010 N.W. 135th Street, Miami, FL 33054 Social security numbers: Demarco: 123-45-6789 Janine: 234-56-7890 Son: Damarcus: 345-67-8901 Daughter: Jasmine : 456-78-9012 Son: Michael : 567-89-0123 Daughter: Candice: 678-90-1234 La If more than four dependents instructions and check here Son Daughter Son Daughter (1) First name Damarous Jackson 345-67-8901 Jasmine Jackson 456-78-9012 Michael Jackson 567-89-0123 Candice Jackson 678-90-1234 1 Wages, salaries ipsc Attach Fos) W-2 2a Tax-compt interest 3a Qualified dividends Ja 4 IRA distributions da sa Pensions and annuities 56 Ba Social Security benefits 5a 7 Capital gain or loss) Attach Schedule Frequired 8 Other income from Schedule 1 e 9 Attach Sch Bif required 31 30 100,000 O 0 Test 0 Ordinary divided ob Tube amount 0 Tamant 0 Standard Deduction for 7 - Single or Married filing 09 OC 100.000 20.000 9 Add lines 1.2, 3, 4, 5, 6, 7 and 8 This is your total income my work mode: This shows what is correct or incorrect for the work you have completed so far. It does not indicate completion. Returnster Required information Singer Other income from Sheet ng separately Adres 1.2 T and this 100.000 your $12.00 - Ming 10 Adjustments to come 200.000 Jounty From Schedule 22 Gunting 10 0 widow Che cost you standard duction $24 300 estructors 100 o Head of Addison and 100 These you to household Toe S18650 11 Sunitracito bom. This is your adulti 11 0 12. Standard deduction or deductions from Sche 12 any box under Standard 13 Quilted business.com diduction Attach to com 13 Deduction 14 14 Addnes 12 and 13 tis 15 Taxable income Subtrace 14 hom 11 from or less, Cart Form 1080 100 2000 For Disclosure, Privacy Act and Paperwork Reduction Act Notice, se separate instruction THIS FORM IS A SIMULATION OF AN OFFICIAL U.S. TAX FORM. IT IS NOT THE OFFICIAL FORMITTELF. DO NOT USE THIS FORM FOR TAXILINGS OR FOR ANY PURPOSE OTHER THAN EDUCATIONAL 2021 Merwe Education A A - you checked . OOD to question 16 ) Chrom 501 81 4072 0 20 17 Amount om Schede 23 18 Adlines 16 and 17 10 tax creditor for the end 20 Amount from Sched 3 net 21 Add lines 19 and 20 22 Subtractine 21 from in 18 ore 23 Otheraxes nodig of employment from schedule ne 10 244 Add lines 22 and 23: This is your ox 25 Federal income to withhold from am) W2 Foms) 1099 che fosse struction) 250 DOO Ek my work mode: This shows what is correct or incorrect for the work you have completed so far. It does not indicate completion Helvet Burton 13R Required information sch EC . if you have 27 income 20 ANS cony 29 Anonymous structions 0 Recovery otros 31 Amount 2. Add 27 th These your 33 Addins de Refund 3440 Abouwded to your Dund Roger RA 14 . A struction d Account 3 Armero you do 2021 Amount PY 1 of 1 Next [The following information applies to the questions displayed below.) Demarco and Janine Jackson have been married for 20 years and have four children (no children under age 6 at year-end) who qualify as their dependents (Damarcus, Jasmine, 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 (no charitable contributions), and they had $1,000 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 was 18 years of age at year end, the Jacksons may claim a 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 19010 NW. 135th Street, Miami, FL 33054, Hur here 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 19010 N.W. 135th Street, Miami, FL 33054 Social security numbers: Demarco: 123-45-6789 Janine: 234-56-7890 Son: Damarcus: 345-67-8901 Daughter: Jasmine : 456-78-9012 Son: Michael : 567-89-0123 Daughter: Candice: 678-90-1234 La If more than four dependents instructions and check here Son Daughter Son Daughter (1) First name Damarous Jackson 345-67-8901 Jasmine Jackson 456-78-9012 Michael Jackson 567-89-0123 Candice Jackson 678-90-1234 1 Wages, salaries ipsc Attach Fos) W-2 2a Tax-compt interest 3a Qualified dividends Ja 4 IRA distributions da sa Pensions and annuities 56 Ba Social Security benefits 5a 7 Capital gain or loss) Attach Schedule Frequired 8 Other income from Schedule 1 e 9 Attach Sch Bif required 31 30 100,000 O 0 Test 0 Ordinary divided ob Tube amount 0 Tamant 0 Standard Deduction for 7 - Single or Married filing 09 OC 100.000 20.000 9 Add lines 1.2, 3, 4, 5, 6, 7 and 8 This is your total income my work mode: This shows what is correct or incorrect for the work you have completed so far. It does not indicate completion. Returnster Required information Singer Other income from Sheet ng separately Adres 1.2 T and this 100.000 your $12.00 - Ming 10 Adjustments to come 200.000 Jounty From Schedule 22 Gunting 10 0 widow Che cost you standard duction $24 300 estructors 100 o Head of Addison and 100 These you to household Toe S18650 11 Sunitracito bom. This is your adulti 11 0 12. Standard deduction or deductions from Sche 12 any box under Standard 13 Quilted business.com diduction Attach to com 13 Deduction 14 14 Addnes 12 and 13 tis 15 Taxable income Subtrace 14 hom 11 from or less, Cart Form 1080 100 2000 For Disclosure, Privacy Act and Paperwork Reduction Act Notice, se separate instruction THIS FORM IS A SIMULATION OF AN OFFICIAL U.S. TAX FORM. IT IS NOT THE OFFICIAL FORMITTELF. DO NOT USE THIS FORM FOR TAXILINGS OR FOR ANY PURPOSE OTHER THAN EDUCATIONAL 2021 Merwe Education A A - you checked . OOD to question 16 ) Chrom 501 81 4072 0 20 17 Amount om Schede 23 18 Adlines 16 and 17 10 tax creditor for the end 20 Amount from Sched 3 net 21 Add lines 19 and 20 22 Subtractine 21 from in 18 ore 23 Otheraxes nodig of employment from schedule ne 10 244 Add lines 22 and 23: This is your ox 25 Federal income to withhold from am) W2 Foms) 1099 che fosse struction) 250 DOO Ek my work mode: This shows what is correct or incorrect for the work you have completed so far. It does not indicate completion Helvet Burton 13R Required information sch EC . if you have 27 income 20 ANS cony 29 Anonymous structions 0 Recovery otros 31 Amount 2. Add 27 th These your 33 Addins de Refund 3440 Abouwded to your Dund Roger RA 14 . A struction d Account 3 Armero you do 2021 Amount PY 1 of 1 Next
