Question
USING 2019 TAX TABLES Rick and Cindy Davis are married and file a joint return. They live at 3223 Taccone Ave., Apt. 37, Medford, MA
USING 2019 TAX TABLES
Rick and Cindy Davis are married and file a joint return. They live at 3223 Taccone Ave., Apt. 37, Medford, MA 02155. Rick is an elementary school teacher in the Medford Public School system and Cindy is currently a homemaker after losing her job in late 2018. Cindys Social Security number is 412-37-5671 (date of birth 10/11/1980) and Rick's is 412-31-5670 (date of birth 3/19/1976).
Ricks W-2 contained the following information:
Wages (box 1) | = | $ | 69,245.15 | |
Federal W/H (box 2) | = | $ | 5,624.34 | |
Social security wages (box 3) | = | $ | 69,245.15 | |
Social security W/H (box 4) | = | $ | 4,293.20 | |
Medicare wages (box 5) | = | $ | 69,245.15 | |
Medicare W/H (box 6) | = | $ | 1,004.05 | |
Rick and Cindy have interest income of $237 from a savings account at Boston State Bank.
Cindy also owns stock in Microsoft. Cindy received $255 in qualified dividends from Microsoft in 2019. Rick was divorced in 2013 and pays his ex-wife (Mary Tortelli) alimony. Their original divorce decree, which remains unchanged, dictates that Rick pay Mary $525 per month in alimony for ten years. Marys social security number is 412-29-5675.
Cindy received unemployment compensation of $4,600 during 2019 and no taxes were withheld from the payments. Additionally, Rick won a $1,200 prize in a nationally sponsored fantasy football league and no income taxes were withheld from his winnings. Rick also spent $335 on supplies for his classroom for which he was not reimbursed.
Required:
Prepare a Form 1040 and Schedule 1 for Rick and Cindy Davis. (List the names of the taxpayers in the order in which they appear in the problem. Do not round intermediate computations. Round your final answers to the nearest whole dollar amount. Input all the values as positive numbers. Instructions can be found on certain cells within the forms.)
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