USE this form to help you complete my question.

Here is my required question: Required: Combine this new information about the Gaytor family with the information from Chapter 1 and complete a revised 2020 tax return for Albert and Allison. Be sure to save your data input files since this case will be expanded with more tax information in later chapters.

1040 Department of the Treasury - Internal Revenue Service (99) U.S. Individual Income Tax Return 2020 OMB No. 1545-0074 IRS Use Only-Do not write or staple in this space. Filing Status Single X Married filing jointly Married filing separately (MFS) Head of household (HOH) Qualifying widow(er) (w) Check only If you checked the MFS box, enter the name of your spouse. If you checked the HOH or QW box, enter the child's name if the qualifying one box. person is a child but not your dependent Your first name and middle initial Last name Your social security number Albert T. Gaytor 266 51 1966 If joint return, spouse's first name and middle initial Last name Spouse's social security number Allison A Gaytor 266 34 1967 Home address (number and street). If you have a P.O. box, see instructions. Apt. no. Presidential Election Campaign 12340 Cocoshell Road Check here if you, or your City, town, or post office. If you have a foreign address, also complete spaces below. spouse if filing jointly, want $3 State ZIP code FL Coral Gables 33134 to go to this fund. Checking a box below will not change Foreign country name Foreign province/state/county Foreign postal code your tax or refund. You Spouse At any time during 2020, did you receive, sell, send, exchange, or otherwise acquire any financial interest in any virtual currency? | Yes IX NO Standard Someone can claim: You as a dependent Your spouse as a dependent Deduction Spouse itemizes on a separate retum or you were a dual-status alien Age/Blindness You: Were bom before January 2, 1956 Are blind Spouse: Was born before January 2, 1956 Is blind Dependents (see instructions): (2) Social security (3) Relationship (4) Vif qualifies for (see instructions): If more (1) First name number Last name to you Child tax credit Credit for other dependents than four Crocker Gaytor 261 55 1212 Son dependents, see instructions and check here 1 Wages, salaries, tips, etc. Attach Form(s) W-2 67.255 Attach 2a Tax-exempt interest . b Taxable interest 2b 348 Sch. Bif 3a Qualified dividends 3a b Ordinary dividends required. 3b 4a IRA distributions. 4a b Taxable amount 4b 5a Pensions and annuities 5a b Taxable amount. 5b Standard 6a Social security benefits 6a b Taxable amount 6b Deduction for- 7 Capital gain or loss). Attach Schedule Dif required. If not required, check here Single or Married filing 8 Other income from Schedule 1, line 9. 8 separately, 9 $12,400 9 Add lines 1, 2, 3, 4, 5, 66, 7, and 8. This is your total income 67 603 Married filing 10 Adjustments to income: JUILL 1 2a 7 to you JIL JIL At any time during 2020, did you receive, sell, send, exchange, or otherwise acquire any financial interest in any virtual currency? Yes x No Standard Someone can claim: You as a dependent Your spouse as a dependent Deduction Spouse itemizes on a separate retum or you were a dual-status alien Age/Blindness You Were born before January 2, 1956 Are blind Spouse: Was born before January 2, 1956 Is blind Dependents (see instructions): (2) Social security (3) Relationship (4) Vif qualifies for (see instructions): (1) First name If more number Last name Child tax credit Credit for other dependents than four Crocker Gaytor 261 55 1212 Son dependents, see instructions and check D D here D 1 Wages, salaries, tips, etc. Attach Form(s) W-2 1 67.255 Attach 2a Tax-exempt interest . 2a b Taxable interest 2b 348 Sch. Bif 3a Qualified dividends 3a required. 3b b Ordinary dividends 4a IRA distributions 4a b Taxable amount 4b 5a Pensions and annuities b Taxable amount. Standard 6a Social security benefits b Taxable amount Deduction for- 7 Capital gain or loss). Attach Schedule Dif required. If not required, check here 7 Single or Married fling 8 Other income from Schedule 1, line 9 separately, $12,400 9 Add lines 1, 2, 3, 4, 5, 6, 7, and 8. This is your total income 67.603 Married filing 10 Adjustments to income: jointly or Qualifying 10a a From Schedule 1, line 22 widower). $24,800 10b b Charitable contributions if you take the standard deduction. See instructions Head of Add lines 10a and 10b. These are your total adjustments to income 10c household, 11 $18,650 Subtract line 10c from line 9. This is your adjusted gross income 11 67.603 If you checked 12 Standard deduction or itemized deductions (from Schedule A) 12 24.800 any box under Standard 13 Qualified business income deduction. Attach Form 8995 or Form 8995-A 13 Deduction, 14 Add lines 12 and 13. 14 24.800 see instructions. 15 Taxable income. Subtract line 14 from line 11. If zero or less, enter-O- 15 42.803 For Disclosure, Privacy Act, and Paperwork Reduction Act Notice, see separate instructions. Form 1040 (2020) 5a 5b 6b 8 9 AA Cat. No. 11320B Page 2 2 23 Form 1040 (2020) 16 Tax (see instructions). Check if any from Form(s): 1 8814 4972 3 16 4.744 17 Amount from Schedule 2, line 3 17 18 Add lines 16 and 17 18 4.744 19 Child tax credit or credit for other dependents 19 500 20 Amount from Schedule 3, line 7 20 21 Add lines 19 and 20. 21 500 22 Subtract line 21 from line 18. If zero or less, enter-O- 22 4.244 23 Other taxes, including self-employment tax, from Schedule 2, line 10 24 Add lines 22 and 23. This is your total tax 24 4.244 25 Federal income tax withheld from: a Form(s) W-2 25a 5.588 b Form(s) 1099 25b c Other forms (see instructions) 25C d Add lines 25a through 25c 25d 5.588 26 If you have a 2020 estimated tax payments and amount applied from 2019 return 26 qualifying child, 27 Earned income credit (EIC) 27 attach Sch. EIC. If you have 28 Additional child tax credit. Attach Schedule 8812 nontaxable 29 29 combat pay, American opportunity credit from Form 8863, line 8. see instructions. 30 Recovery rebate credit. See instructions 30 31 Amount from Schedule 3, line 13 31 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 5.588 34 Refund If line 33 is more than line 24, subtract line 24 from line 33. This is the amount you overpaid 34 1.344 35a Amount of line 34 you want refunded to you. If Form 8888 is attached, check here 35a 1.344 Direct deposit? Routing number c Type: Checking Savings See instructions. Account number 36 Amount of line 34 you want applied to your 2021 estimated tax . 36 Amount 37 Subtract line 33 from line 24. This is the amount you owe now You Owe Note: Schedule H and Schedule SE filers, line 37 may not represent all of the taxes you owe for For details on how to pay, see 2020. See Schedule 3, line 12e, and its instructions for details. instructions. 38 Estimated tax penalty (see instructions) 38 Third Party Do you want to allow another person to discuss this return with the IRS? See Designee instructions Yes. Complete below. No Designee's Phone Personal identification number (PIN) Sian 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 TASO AA OL 37 name no. 26 26 27 ia ---- 36 If you have a 2020 estimated tax payments and amount applied from 2019 return qualifying child 27 Earned income credit (EIC) attach Sch. EIC. If you have 28 Additional child tax credit. Attach Schedule 8812 28 nontaxable 29 American opportunity credit from Form 8863, line 8. 29 combat pay, see instructions. 30 Recovery rebate credit. See instructions 30 31 Amount from Schedule 3, line 13 31 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 5,588 Refund 34 If line 33 is more than line 24, subtract line 24 from line 33. This is the amount you overpaid 34 1,344 35a Amount of line 34 you want refunded to you. If Form 8888 is attached, check here 35a 1.344 Direct deposit? Routing number c Type: Checking Savings See instructions. Account number Amount of line 34 you want applied to your 2021 estimated tax 36 Amount 37 Subtract line 33 from line 24. This is the amount you owe now 37 You Owe Note: Schedule H and Schedule Se filers, line 37 may not represent all of the taxes you owe for For details on how to pay, see 2020. See Schedule 3, line 12e, and its instructions for details. instructions. 38 Estimated tax penalty (see instructions) 38 Third Party Do you want to allow another person to discuss this return with the IRS? See Designee instructions Yes. Complete below. No Designee's Phone Personal identification name number (PIN) Sign 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 Here belief, they are true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge. Your signature Date Your occupation If the IRS sent you an Identity Protection PIN, enter it here Joint return? Boat Captain (see inst.) See instructions. Spouse's signature. If a joint return, both must sign. Date Spouse's occupation If the IRS sent your spouse an Keep a copy for Identity Protection PIN, enter it here your records. Unemployed (see inst.) Phone no. Email address Preparer's name Preparer's signature PTIN Check if: Paid Self-employed Preparer Use Only Firm's name Phone no. Firm's address Firm's EIN Go to www.irs.gow/Form 1040 for instructions and the latest information. Form 1040 2020 no. Date Chapter 2: Gross Income and Exclusions l AA 1. The following additional information is available for the family of Albert and Allison Gaytor. In 2020, Albert received a Form W-2 from his employer, Coconut Grove Fishing Charters, Inc. (hint: slightly modified from Chapter 1): + Employee's social security number 266-51-1966 b Employer identification number (EN) 60-3456789 c Employer's name, address, and ZIP code Coconut Grove Fishing Charters, Inc. 2432 Bay Blvd. Coconut Grove, FL 33133 Safe, accurate, Visit the IAS website at e file www.ragoutatile OMB No 1545-0008 FASTI Use 1 Wages, ps, other compensation 2 Federal income tax withheld 67,254.70 5,588.17 3 Socioecurity wages Social security tax withheld 67,254.70 4,169.79 5 Medicare wage and tips 6 Medicare tax withheld 67,254.70 975.19 7 Social security tips 8 Allocated tips