Question
Use 2020 1040 form Jose and Maria Suarez are married and live at 9876 Main Street, Denver, CO 80205. Joses SSN is 412-34-5670 and Marias
Use 2020 1040 form
Jose and Maria Suarez are married and live at 9876 Main Street, Denver, CO 80205. Joses SSN is 412-34-5670 and Marias SSN is 412-34-5671.
This problem doesn't identify filing status. (select married filing jointly) The problem does not have sufficient information to complete a filing separately form.
For the first five months of the year, Jose was employed by Mountain Mortgage Company. The Form W-2 from Mountain Mortgage contained information in the following boxes:
Wages (Box 1) = $35,028.52
Federal W/H (Box 2) = $3,746.89
Social Security Wages (Box 3) = $35,028.52
Social Security W/H (Box 4) = $2,171.77
Medicare Wages (Box 5) = $35,028.52
Medicare W/H (Box 6) = $507.91
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Jose was laid off from his job at Mountain Mortgage and was unemployed for three months. He received $1,000 of unemployment insurance payments. The Form 1099-G Jose received from the State of Colorado contained $1,000 of unemployment compensation in box 1 and $100 of federal income tax withholding in box 4.
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During the last four months of the year, Jose was employed by First Mountain Bank in Denver. The Form W-2 Jose received from the bank contained information in the following boxes:
Wages (Box 1) = $17,820.20
Federal W/H (Box 2) = $1,767.89
Social Security Wages (Box 3) = $17,820.20
Social Security W/H (Box 4) = $1,104.85
Medicare Wages (Box 5) = $17,820.20
Medicare W/H (Box 6) = $258.39
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Maria was employed the entire year by Blue Sky Properties in Denver. The Form W-2 Maria received from Blue Sky contained information in the following boxes:
Wages (Box 1) = $59,181.12
Federal W/H (Box 2) = $ 5,490.80
Social Security Wages (Box 3) = $59,181.12
Social Security W/H (Box 4) = $ 3,669.23
Medicare Wages (Box 5) = $59,181.12
Medicare W/H (Box 6) = $ 853.13
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The Suarezes also received two Form 1099-INTs showing interest they received on two savings accounts. One Form 1099-INT from the First National Bank of Northeastern Denver showed interest income of $59.36 interest income of in box 1. The other Form 1099-INT from Second National Bank of Northwestern Denver showed interest income of $82.45 in box 1.
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