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this assignment for me i included it also in the attached document 9) Lance and Wanda Dean are married. Lance works for the convention bureau

this assignment for me i included it also in the attached document 9) Lance and Wanda Dean are married. Lance works for the convention bureau of the local Chamber of Commerce, while Wanda is employed part-time by a law firm as a paralegal. During 2013, 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 Child support payments from John Allen 7,200 Annual gifts from Lances parents 26,000 Settlement from Roadrunner Touring Company 90,000 Lottery winnings 600 Federal tax refund (for tax year 2012) 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. 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. As 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 to her $90,000 in settlement of the personal injuries she sustained. The dean made the following expenditures in 2013 Medical expense (not covered by insurance) $7,200 Taxes Property taxes on personal residence $3,600 State of New Mexico income tax(include amount witheld from wages during 2013) 4,200 Total taxes 7,800 Interest on home mortgage 6,000 Paid church pledge 3,600 Life insurance premiums (policy on Lance's life) 1,200 Contribution to IRA (on Wanda's behalf) 5,000 Traffic fines 300 Contribution to the reelection campaign fund of the mayor of santa fe 500 Funeral expense for Wayne Boyle 6,300 The life insurance policy was taken out by Lance several years ago and designates Wanda as beneficiary. As a part-time employee, Wanda is excluded from coverage under her employer's pension plan. She provides her own retirement with a traditional IRA. 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: Lance Dean (age 42) social security abcd Wanda Dean (age 40) Penny Allen (age 19) Kyle Allen (age 17) Wayne Boyle (age 70) Penny graduated from high school on May 9, 2013 and is undecided about college. During 2013, she earned $8,500 (placed in a savings account) playing a harp in the lobby of a local hotel. Wayne is Wandas widower father who died on January 10, 2013. For the past few years, Wayne qualified as a dependent of the Deans. Federal income tax withheld is $5,200 (Lance) and $3,100 (Wanda). The proper amount of Social Security and Medicare tax was withheld. Determine the Federal income tax for the Deans on a joint return. They do not want to contribute to the Presidential election campaign fund. Prepare form 1040 and schedule A

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