Use the following schedules:
1040
1040 schedule
f1040 schedule
f1040 schedule
1040 schedule A
1040 schedule B
f1040 schedule C
f1040 schedule SE
8283
f2441
f8829
f8863
f1040s8812
2022 Tax Rate Schedules
To complete this assignment, read the information below about the hypothetical family and then complete their 20221040 without the assistance of tax preparation software. Scenario You have received the following information and are asked to fill out Dakota's and Taylor's 2022 form 1040. Dakota and Taylor are married with two children. Carson is 5 and Jules is 9. Both children are in full-time public school and do not require aftercare or other child care expenses during the school year; however, they spent $6,850 for summer camp fees so Taylor could keep her job when the kids were out for summer break. Taylor works part-time as a scheduler for a local medical office. Her W-2 reports that she has $22,000 in taxable wages and $2,200 was withheld for Federal income taxes and $1,100 was withheld for Oregon income taxes. Dakota works as an electrical engineer. His W-2 reports that he has taxable wages of $129,100, and that $9,700 was withheld for federal income taxes and $5,900 was withheld for Oregon income taxes. Dakota used his personal vehicle for work more than usual this year. He drove his car a total of 18,000 miles and 4,000 were for work purposes. He provides receipts for the following: car loan interest $840; fuel $3,200; oil changes and maintenance $475; business parking and tolls $250. Taylor's team wears scrubs to the office, so she bought new ones this year. The receipt shows a total cost of $645. On a whim, Taylor purchased a lottery ticket one day this year for $20. She won $5,000 ! Dakota paid $3,000 and Taylor paid $400 toward student loan interest this year. They own a house in Beaverton. This year, they paid $12,200 in mortgage interest, $600 in HOA fees, and $5,900 in property taxes. Carson was diagnosed with an auto-immune disorder this year, which increased their medical deductions significantly. The family spent the following on medical expenses: Physician Office Visits, \$2,500; Prescriptions, \$6,200; Physical Therapy, \$1,200; Imaging and X-ray tests, $850. For the purpose of this assignment, you will need form 1040 and any necessary schedules. Assume they do not have any other income or expenses. Assume the couple will file married filing jointly. If they have a refund, please give them the refund rather than apply it to next year. If they are underpaid, please ignore any underpayment penalties or interest