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use 2020tax table and specify all answers by page and line by line 5 Robert and Vilma Greene are married filing jointly. They are 68

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use 2020tax table and specify all answers by page and line by line

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image text in transcribed

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image text in transcribed

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5 Robert and Vilma Greene are married filing jointly. They are 68 and 66 years old, respectively. Their address is 1001 N.W. 93rd Stree Miami, FL 33168. Additional information about Mr. and Mrs. Greene, who are retired, is as follows: nus eBook Social security number: Robert: 412-34-5670 Date of birth: 10/9/1952 SSA-1099 for Robert shows this amount: Box 5 = $21,600.00 Form 1099-INT for Robert shows this amount: Box 1 = $9,100.00 from CD Bank. Print References Social security number: Vilma: 412-34-5671 Date of birth: 11/9/1954 SSA-1099 for Vilma shows this amount: Box 5 = $15.600.00 Form 1099-INT for Vilma shows this amount: Box 1 = $7,500.00 from CD Bank. Help Save & SSA-1099 for Vilma shows this amount: Box 5 = $15.600.00 Form 1099-INT for Vilma shows this amount: Box 1 = $7.500.00 from CD Bank. Book Required: Prepare Form 1040 plus all the appropriate schedules and worksheets for Mr. and Mrs. Greene for 2020. They want to contribute to the presidential election campaign. Mr. and Mrs. Greene had qualifying health care coverage at all times during the tax year. The Greenes did not have any foreign accounts. Mr. and Mrs. Greene did not receive, sell, send, exchange, or otherwise acquire any financial interest in any virtual currency during 2020. (List the names of the taxpayers and any income they receive in the order in which they appear in the problem starting from the first line. Input all the values as positive numbers. Do not skip rows while entering in Interest section of Schedule B.) Use the appropriate Tax Tables. Print Ferences 1040 for a couple Married Filing Jointly with no dependents. 1040 PG 1 1040 PG 2 Schedule B Page 1 of Form 1040. Use provided information and follow instructions on form. 1 Wages salaries, tips, etc. Attach Form(s) W-2 1 2a Tax-exempt interest 2a b Taxable interest 2b Attach Sch. B if required. 3a Qualified dividends 3a b Ordinary dividends 3b 43 IRA distributions 4a b Taxable amount 4b 58 Pensions and annuities 5a b Taxable amount 5b 6a Social security benefits 6a b Taxable amount 6b 7 Capital gain or loss). Attach Schedule D if required. If not required. check here 7 8 Other income from Schedule 1. line 9 8 9 Add lines 1, 2b, 3b 4b. 5b. 6b, 7. and 8. This is your total income 9 9 0 10a 10b 100 0 10 Adjustments to income Standard a From Schedule 1, line 22 Deduction for Single or Married b Charitable contributions if you take the standard deduction. See instructions filing separately $12.400 Married filing c Add lines 10a and 10b. These are your total adjustments to income jointly or Qualifying 11 Subtract line 10c from line 9. This is your adjusted gross income widow(er), $24.800 Head of 12 Standard deduction or itemized deductions (from Schedule A) household S18 650 If you checked any 13 Qualified business income deduction Attach Form 8995 or Form 3995-A box under Standard Deduction, see 14 Add lines 12 and 13 instructions 15 Taxable income. Subtract line 14 from line 11. If zero or less enter -0. 0 14 0 115 Fom 1040 2020) For Disclosure. Privacy Act, and Paperwork Reduction Act Notice, see separate instructions. Cat No 113208 THIS FORM IS A SIMULATION OF AN OFFICIAL U.S. TAX FORM, IT IS NOT THE OFFICIAL FORN ITSELF DO NOT USE THIS FORM FOR TAX 16 Tax (see instructions). Check if any from Form(s): (1) 8814 (2) 4972 (3) 16 17 17 Amount from Schedule 2, line 3 18 Add lines 16 and 17 18 19 Child tax credit or credit for other dependents 19 20 20 Amount from Schedule 3, line 7 21 21 Add lines 19 and 20 22 Subtract line 21 from line 18. If zero or less, enter -O- 22 23 23 Other taxes, including self-employment tax, from Schedule 2, line 10 24 0 24 Add lines 22 and 23. This is your total tax 25 Federal income tax withheld from: 25a a Form(s) W-2 25b b Form(s) 1099 c Other forms (see instructions) 250 25d d Add lines 25 a through 25c 26 26 2020 estimated tax payments and amount applied from 2019 return 27 27 Earned income credit (EIC) have a ing child. Sch. EIC u have Kable at pay. see ctions 28 Additional child tax credit. Attach Schedule 8812 28 29 29 American opportunity credit from Form 8863. line 8 30 30 Recovery rebate credit. See instructions 31 31 Amount from Schedule 3 line 13 32 32 Add lines 27 through 31. These are your total other payments and refundable credits 51 32 Add lines 27 through 31. These are your total other payments and refundable credits 32 33 Add lines 25d, 26, and 32. These are your total payments 33 34 If line 33 is more than line 24, subtract line 24 from line 33. This is the amount you overpaid 34 Refund 35a Amount of line 34 you want refunded to you. If Form 8888 is attached, check here 35a b Routing number -c Type: Checking Savings Direct deposit? See instructions. d Account number 36 37 36 Amount of line 34 you want applied to your 2021 estimated tax Amount You 37 Subtract line 33 from line 24. This is the amount you owe now Owe Note: Schedule H and Schedule SE filers, line 37 may not represent all of the taxes you owe for 2020. See Schedule 3. For details on how to line 12e, and its instructions for details pay, see instructions 38 Estimated tax penalty (see instructions) 38 Yes. Complete below Do you want to allow another person to discuss this return with the IRS? See instructions Third Party Designee No Personal identification Designee's name Phone no number PIN Sign Here Under penalties of perjury. I declare that I have examined this return and accompanying schedules and statements, and to the best of my knowledge and belief. they are true, correct and complete Declaration of preparer other than taxpayer is based on all information of which preparer has any knowledge If the RS sent you an Identity Protection PIN. enter it here Date Your occupation Your signature ---- Schedule B of Form 1040. Chec SCHEDULE B (Form 1040) OMB No. 1545-0074 Interest and Ordinary Dividends 2020 Department of the Treasury Go to www.irs.gov/ScheduleB for instructions and the latest information. Internal Revenue Service (99) Name(s) shown on return Attach to Form 1040 or 1040-SR. Attachment Sequence No. 08 Your social security number Part 1 Amount 1 List name of payer. If any interest is from a seller-financed mortgage and the buyer used the property as a personal residence, see the instructions and list this interest first. Also, show that buyer's social security number and address Interest See instructions and the instructions for Forms 1040 and 1040-SR line 2b.) Note: If you received a Form 1099- INT Fom 1099-OID or substitute statement Prey 5 of 5 Next

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