*****THE FOLLOWING QUESTION IS FOR THE 2019 TAX YEAR!!*****

BELOW I HAVE ATTACHED IMAGES OF WHAT I HAVE ALREADY COMPLETED. THE ONES WITH A RED "X" ARE INCOREECT. PLEASE PROVIDE THE CORRECT ANSWERS. THANK YOU IN ADNVACE.

Lance H. and Wanda B. Dean are married and live at 431 Yucca Drive, Santa Fe, NM 87501. Lance works for the convention bureau of the local Chamber of Commerce, and Wanda is employed part-time as a paralegal for a law firm. During 2019, the Deans had the following receipts: Salaries ($60,000 for Lance, $41,000 for Wanda) $101,000 Interest income- City of Albuquerque general purpose bonds $1,000 Ford Motor company bonds 1,100 Ally Bank certificate of deposit 400 2,500 7,200 Child support payments from John Allen Annual gifts from parents 26,000 Settlement from Roadrunner Touring Company 90,000 Lottery winnings 600 Federal income tax refund (for tax year 2018) 400 Wanda was previously married to John Allen. When they divorced several years ago, Wanda was awarded custody of their two children, Penny and Kyle. (Note: Wanda has never issued a Form 8332 waiver.) Under the divorce decree, John was obligated to pay alimony and child support-the alimony payments were to terminate if Wanda remarried. In July, while going to lunch in downtown Santa Fe, Wanda was injured by a tour bus. Because the driver was clearly at fault, the owner of the bus, Roadrunner Touring Company, paid her medical expenses (including a one-week stay in a hospital). To avoid a lawsuit, Roadrunner also transferred $90,000 to her in settlement of the personal injuries she sustained. The Deans had the following expenditures for 2019: Medical expenses (not covered by insurance) $ 7,200 Taxes- Property taxes on personal residence $3,600 State of New Mexico income tax (includes amount withheld from wages during 2019) 4,200 7,800 6,000 Interest on home mortgage (First National Bank) Charitable contributions 3,600 Life insurance premiums (policy on Lance's life) 1,200 5,000 Contribution to traditional IRA (on Wanda's behalf) Traffic fines 300 500 Contribution to the reelection campaign fund of the mayor of Santa Fe Funeral expenses for Wayne Boyle 6,300 The life insurance policy was taken out by Lance several years ago and designates Wanda as the beneficiary. As a part-time employee, Wanda is excluded from coverage under her employer's pension plan. Consequently, she provides for her own retirement with a traditional IRA obtained at a local trust company. Because the mayor is a member of the local Chamber of Commerce, Lance felt compelled to make the political contribution. The Deans' household includes the following, for whom they provide more than half of the support: Social Security Number Birth Date Lance Dean (age 42) 123-45-6786 12/16/1977 Wanda Dean (age 40) 123-45-6787 08/08/1979 Penny Allen (age 19) 123-45-6788 10/09/2000 Kyle Allen (age 17) 123-45-6780 05/03/2003 Wayne Boyle (age 75) 123-45-6785 06/15/1944 Penny graduated from high school on May 9, 2019, and is undecided about college. During 2019, she earned $8,500 (placed in a savings account) playing a harp in the lobby of a local hotel. Wayne is Wanda's widower father who died on December 20, 2019. For the past few years, Wayne qualified as a dependent of the Deans. Federal income tax withheld is $3,900 (Lance) and $1,800 (Wanda). The proper amount of Social Security and Medicare tax was withheld. Required: Determine the Federal income tax for 2019 for the Deans on a joint return by completing the appropriate forms. Use Form 1040 and Schedule 1 to complete this tax return. They do not own and did not use any virtual currency during the year, and they do not want to contribute to the Presidential Election Campaign Fund. If an overpayment results, it is to be refunded to them. Make realistic assumptions about any missing data. Enter all amounts as positive numbers. If an amount box does not require an entry or the answer is zero, enter "0". Use the tax rate schedules included with this problem. When computing the tax liability, do not round your immediate calculations. If required round your final answers to the nearest dollar. . Form Department of the Treasury-Internal Revenue Service (99) 1040 U.S. Individual Income Tax Return 2019 OMB No. 1545-0074 IRS Use Only Filing Status Married filing jointly Your first name and middle initial Last name Your social security number Lance H. Dean 123-45-6786 If joint return, spouse's first name and middle initial Last name Spouse's social security Wanda B. Dean number 123-45-6787 Home address (number and street). If you have a P.O. box, see instructions. Apt. no. Presidential Election 431 Yucca Drive Campaign Home address (number and street). If you have a P.O. box, see instructions. Apt. no. Presidential Election 431 Yucca Drive City, town or post office, state, and ZIP code. If you have a foreign address, also complete spaces below Campaign Check here if you, or your spouse if filing jointly, want $3 to go to this fund. Checking a box below will not change your tax or refund. (see instructions). Santa Fe, NM 87501 None Foreign country name Foreign province/state/county Foreign postal code If more than four dependents, see instructions and here Standard Someone can claim: None Standard Someone can claim: None Deduction You: None Age/Blindness Spouse: None Dependents (see instructions): (2) Social security number (3) Relationship to you (4) if qualifies for (see instructions): (1) First name Last name Child tax credit Credit for other dependents Penny Allen 123-45-6788 Child No Yes Kyle Allen 123-45-6780 Child Yes No Wayne Boyle 123-45-6785 Parent No Yes 1 Wages, salaries, tips, etc. Attach Form(s) W-2 1 101,000 b Taxable interest. Attach Sch. B 2a Tax-exempt interest .. 2a 0 X if required 2b 2,500 X Standard b 3a Qualified dividends ... 3a Ordinary dividends. Attach Sch. B if required Deduction for- 3b 4a IRA distributions ..... 4a b Taxable amount. 4b C Pensions and annuities 4c d Taxable amount. 4d Single or Married filing separately, $12,200 Married filing jointly or Qualifying widow(er), 5a Social security benefits 5a b Taxable amount 5b 6 Capital gain or loss). Attach Schedule D if required. If not required, check here 6 7a Other income from Schedule 1, line 9 7a 600 7a Other income from Schedule 1, line 9. 7a 600 b Add lines 1, 2b, 3b, 46, 4d, 5b, 6, and 7a. This is your total income 7b 104,100 X Qualifying widow(er), $24,400 Head of household, $ 18,350 If you checked any box under Standard 8a Adjustments to income from Schedule 1, line 22 . 8a 5,000 b Subtract line 8a from line 7b. This is your adjusted gross income 8b 99,100 X 9 Standard deduction or itemized deductions (from Deduction, see Schedule A) ....... 9 24,400 instructions. 10 Qualified business income deduction. Attach Form 8995 or Form 8995-A. 10 11a Add lines 9 and 10.. 11a 24,400 11a Add lines 9 and 10.. 11a 24,400 b Taxable income. Subtract line 11a from line 8b. If zero or less, enter -o-, 11b 74,700 x BAA For Disclosure, Privacy Act, and Paperwork Reduction Act Notice, see separate instructions. Form 1040 (2019) Form 1040 (2019) Lance H. and Wanda B. Dean 123-45-6786 Page 2 12a Tax (see inst.) Check if any from Form(s): 1 o 8814 2 0 4972 30 12a 8,569 X b Add Schedule 2, line 3, and line 12a and enter the total 12b 8,569 X 13a Child tax credit or credit for other dependents. 13a 2,000 X 13a Child tax credit or credit for other dependents . 13a 2,000 X b Add Schedule 3, line 7, and line 13a and enter the total. 13b 2,000 X 14 Subtract line 13b from line 12b. If zero or less, enter -O- 14 6,569 X 15 Other taxes, including self-employment tax, from Schedule 2, line 10 15 16 Add lines 14 and 15. This is your total tax 16 6,569 X 17 Federal income tax withheld from Forms W-2 and 1099 17 5,700 18 Other payments and refundable credits: .. If you have a qualifying child, attach Sch. EIC. a Earned income credit (EIC) 18a a Earned income credit (EIC). 18a qualifying child, attach Sch. EIC. If you have nontaxable b Additional child tax credit. Attach Schedule 8812 18b 18C combat pay, see c American opportunity credit from Form 8863, line 8 instructions. d Schedule 3, line 14 ... 18d e Add lines 18a through 18d. These are your total other payments and refundable credits. 18e 19 Add lines 17 and 18e. These are your total payments 19 5,700 20 If line 19 is more than line 16, subtract line 16 from line 19. This is the amount you Refund 20 0 overpaid. 21a Amount of line 20 you want refunded to you. If Form 8888 is attached, check here 21a 0 Lance H. and Wanda B. Dean are married and live at 431 Yucca Drive, Santa Fe, NM 87501. Lance works for the convention bureau of the local Chamber of Commerce, and Wanda is employed part-time as a paralegal for a law firm. During 2019, the Deans had the following receipts: Salaries ($60,000 for Lance, $41,000 for Wanda) $101,000 Interest income- City of Albuquerque general purpose bonds $1,000 Ford Motor company bonds 1,100 Ally Bank certificate of deposit 400 2,500 7,200 Child support payments from John Allen Annual gifts from parents 26,000 Settlement from Roadrunner Touring Company 90,000 Lottery winnings 600 Federal income tax refund (for tax year 2018) 400 Wanda was previously married to John Allen. When they divorced several years ago, Wanda was awarded custody of their two children, Penny and Kyle. (Note: Wanda has never issued a Form 8332 waiver.) Under the divorce decree, John was obligated to pay alimony and child support-the alimony payments were to terminate if Wanda remarried. In July, while going to lunch in downtown Santa Fe, Wanda was injured by a tour bus. Because the driver was clearly at fault, the owner of the bus, Roadrunner Touring Company, paid her medical expenses (including a one-week stay in a hospital). To avoid a lawsuit, Roadrunner also transferred $90,000 to her in settlement of the personal injuries she sustained. The Deans had the following expenditures for 2019: Medical expenses (not covered by insurance) $ 7,200 Taxes- Property taxes on personal residence $3,600 State of New Mexico income tax (includes amount withheld from wages during 2019) 4,200 7,800 6,000 Interest on home mortgage (First National Bank) Charitable contributions 3,600 Life insurance premiums (policy on Lance's life) 1,200 5,000 Contribution to traditional IRA (on Wanda's behalf) Traffic fines 300 500 Contribution to the reelection campaign fund of the mayor of Santa Fe Funeral expenses for Wayne Boyle 6,300 The life insurance policy was taken out by Lance several years ago and designates Wanda as the beneficiary. As a part-time employee, Wanda is excluded from coverage under her employer's pension plan. Consequently, she provides for her own retirement with a traditional IRA obtained at a local trust company. Because the mayor is a member of the local Chamber of Commerce, Lance felt compelled to make the political contribution. The Deans' household includes the following, for whom they provide more than half of the support: Social Security Number Birth Date Lance Dean (age 42) 123-45-6786 12/16/1977 Wanda Dean (age 40) 123-45-6787 08/08/1979 Penny Allen (age 19) 123-45-6788 10/09/2000 Kyle Allen (age 17) 123-45-6780 05/03/2003 Wayne Boyle (age 75) 123-45-6785 06/15/1944 Penny graduated from high school on May 9, 2019, and is undecided about college. During 2019, she earned $8,500 (placed in a savings account) playing a harp in the lobby of a local hotel. Wayne is Wanda's widower father who died on December 20, 2019. For the past few years, Wayne qualified as a dependent of the Deans. Federal income tax withheld is $3,900 (Lance) and $1,800 (Wanda). The proper amount of Social Security and Medicare tax was withheld. Required: Determine the Federal income tax for 2019 for the Deans on a joint return by completing the appropriate forms. Use Form 1040 and Schedule 1 to complete this tax return. They do not own and did not use any virtual currency during the year, and they do not want to contribute to the Presidential Election Campaign Fund. If an overpayment results, it is to be refunded to them. Make realistic assumptions about any missing data. Enter all amounts as positive numbers. If an amount box does not require an entry or the answer is zero, enter "0". Use the tax rate schedules included with this problem. When computing the tax liability, do not round your immediate calculations. If required round your final answers to the nearest dollar. . Form Department of the Treasury-Internal Revenue Service (99) 1040 U.S. Individual Income Tax Return 2019 OMB No. 1545-0074 IRS Use Only Filing Status Married filing jointly Your first name and middle initial Last name Your social security number Lance H. Dean 123-45-6786 If joint return, spouse's first name and middle initial Last name Spouse's social security Wanda B. Dean number 123-45-6787 Home address (number and street). If you have a P.O. box, see instructions. Apt. no. Presidential Election 431 Yucca Drive Campaign Home address (number and street). If you have a P.O. box, see instructions. Apt. no. Presidential Election 431 Yucca Drive City, town or post office, state, and ZIP code. If you have a foreign address, also complete spaces below Campaign Check here if you, or your spouse if filing jointly, want $3 to go to this fund. Checking a box below will not change your tax or refund. (see instructions). Santa Fe, NM 87501 None Foreign country name Foreign province/state/county Foreign postal code If more than four dependents, see instructions and here Standard Someone can claim: None Standard Someone can claim: None Deduction You: None Age/Blindness Spouse: None Dependents (see instructions): (2) Social security number (3) Relationship to you (4) if qualifies for (see instructions): (1) First name Last name Child tax credit Credit for other dependents Penny Allen 123-45-6788 Child No Yes Kyle Allen 123-45-6780 Child Yes No Wayne Boyle 123-45-6785 Parent No Yes 1 Wages, salaries, tips, etc. Attach Form(s) W-2 1 101,000 b Taxable interest. Attach Sch. B 2a Tax-exempt interest .. 2a 0 X if required 2b 2,500 X Standard b 3a Qualified dividends ... 3a Ordinary dividends. Attach Sch. B if required Deduction for- 3b 4a IRA distributions ..... 4a b Taxable amount. 4b C Pensions and annuities 4c d Taxable amount. 4d Single or Married filing separately, $12,200 Married filing jointly or Qualifying widow(er), 5a Social security benefits 5a b Taxable amount 5b 6 Capital gain or loss). Attach Schedule D if required. If not required, check here 6 7a Other income from Schedule 1, line 9 7a 600 7a Other income from Schedule 1, line 9. 7a 600 b Add lines 1, 2b, 3b, 46, 4d, 5b, 6, and 7a. This is your total income 7b 104,100 X Qualifying widow(er), $24,400 Head of household, $ 18,350 If you checked any box under Standard 8a Adjustments to income from Schedule 1, line 22 . 8a 5,000 b Subtract line 8a from line 7b. This is your adjusted gross income 8b 99,100 X 9 Standard deduction or itemized deductions (from Deduction, see Schedule A) ....... 9 24,400 instructions. 10 Qualified business income deduction. Attach Form 8995 or Form 8995-A. 10 11a Add lines 9 and 10.. 11a 24,400 11a Add lines 9 and 10.. 11a 24,400 b Taxable income. Subtract line 11a from line 8b. If zero or less, enter -o-, 11b 74,700 x BAA For Disclosure, Privacy Act, and Paperwork Reduction Act Notice, see separate instructions. Form 1040 (2019) Form 1040 (2019) Lance H. and Wanda B. Dean 123-45-6786 Page 2 12a Tax (see inst.) Check if any from Form(s): 1 o 8814 2 0 4972 30 12a 8,569 X b Add Schedule 2, line 3, and line 12a and enter the total 12b 8,569 X 13a Child tax credit or credit for other dependents. 13a 2,000 X 13a Child tax credit or credit for other dependents . 13a 2,000 X b Add Schedule 3, line 7, and line 13a and enter the total. 13b 2,000 X 14 Subtract line 13b from line 12b. If zero or less, enter -O- 14 6,569 X 15 Other taxes, including self-employment tax, from Schedule 2, line 10 15 16 Add lines 14 and 15. This is your total tax 16 6,569 X 17 Federal income tax withheld from Forms W-2 and 1099 17 5,700 18 Other payments and refundable credits: .. If you have a qualifying child, attach Sch. EIC. a Earned income credit (EIC) 18a a Earned income credit (EIC). 18a qualifying child, attach Sch. EIC. If you have nontaxable b Additional child tax credit. Attach Schedule 8812 18b 18C combat pay, see c American opportunity credit from Form 8863, line 8 instructions. d Schedule 3, line 14 ... 18d e Add lines 18a through 18d. These are your total other payments and refundable credits. 18e 19 Add lines 17 and 18e. These are your total payments 19 5,700 20 If line 19 is more than line 16, subtract line 16 from line 19. This is the amount you Refund 20 0 overpaid. 21a Amount of line 20 you want refunded to you. If Form 8888 is attached, check here 21a 0