using IRS form 1040, Section 1, Section 2 and section 3

2019 Tax Rates and Amounts Tax Rate Schedules for 2019 Schedule X: Single Individuals Taxable income Over But Not Over $0 $9,700 9,700 39,475 39,475 84.200 84.200 160,725 160,725 204,100 204,100 $10,300 510,300 Pay $0.00 970.00 4,54300 14,382.50 32,748.50 46,628 50 153,798 50 on boss 10 12 22 24 32 35 of the amount over 50 9.700 39,475 84200 160,725 204,100 510 300 Non Excess 10% SCHEDULE Y-1: Married Filing Jointly and Surviving Spouses Taxable income Over But Not Over Pay $0 $19.400 $0.00 19,400 78,950 1940.00 78.950 168,400 9,086.00 168,400 321,450 28,765.00 321.450 408,200 65.49700 408,200 612,350 93.257.00 612 350 164 709 50 22 of the amount over $0 19,400 73,950 168,400 321.450 408.200 612 350 35 SCHEDULE Y-2: Married Individuals Filing Separately Taxable income Over But Not Over Pay 50 $9.700 $0.00 9,700 39,475 970.00 39,475 84.200 4543.00 84.200 160,725 14,382.50 160,725 204,100 32.748 50 204,100 306,175 46,628.50 306,175 82,35475 Son Excess 10% 12 22 24 of the amount over 50 9.700 39,475 84200 160,725 204,100 306,175 35 37 Practice Return Shelton and Mary Edmonds live at 3201 Wheeler Ave., Houston, Harris County, TX 77004. They have two (2) children, June Bugg and SheNaNa Ren. For 2019, Shelton had wages of $63,126, and $9,018 were withheld in federal income taxes. Mary had wages of $70,000, and there were $11,239 in federal income taxes withheld. The social security numbers are" Shelton 123-45-6789 Mary 987-65-4321 June 659-87-43211 SheNaNa 132-98-4567 Prepare a tax return for Shelton and Mary where they are married filing a joint return. Prepare a tax return for Shelton and Mary where they are married filing a separate return and each claims one (1) child. Use the tax rate schedules that we reviewed on Tuesday to determine the amount of tax due or the amount of the refund. I Filing Requirements For 2019. Code Sec. 6012 requires a tax return to be filed if gross income for the year is at least as much as the amount shown for the categories in the table below. Filing Status Single Gross Income 2019 $12.200 Married Filing Joint Return Under 65 65 or older Dependent with unearned income Dependent with no uneared income Both spouses under 65 One spouse 5 or older Both spouse or older All Under 65 65 or older Under 65 65 or older Married Filing Separate Return Head of Household 1100 12.200 524,400 25700 27.000 5 $350 20,000 524,400 25700 Surviving Spouse Standard Deduction The standard deduction is based on the filing status of the taxpayer and is made up of the basic standard deduction plus any "additional standard deduction. The standard deduction is adjusted annually, if necessary, for inflation Filing Status Single Married Filing Joint Return Married Filing Separate Return Head of Household Surviving Spouse Basic Standard Deduction 2019 $12,200 24,400 12.200 18,350 24400 Additional Standard Deduction for Age and Blindness. An additional standard deduction is allowed for those age 65 or over and for those who are blind. The additional standard deduction is the total of the additional amounts allowed for both age and blindness. The dollar value of each additional amount will depend on the taxpayer's filing status. Filing Status Additional Standard Deduction 2019 Single $1,650 Married Filing Joint Return 1300 Married Filing Separate Return 100 Head of Household 1.650 Surviving Spouse 1300 Taxpayers receive an additional standard deduction for being both aged and blind. Thus, a married couple, both of whom are aged and blind, is allowed an additional standard deduction of $5,200 ($1,300 x 4). 2019 Tax Rates and Amounts Tax Rate Schedules for 2019 Schedule X: Single Individuals Taxable income Over But Not Over $0 $9,700 9,700 39,475 39,475 84.200 84.200 160,725 160,725 204,100 204,100 $10,300 510,300 Pay $0.00 970.00 4,54300 14,382.50 32,748.50 46,628 50 153,798 50 on boss 10 12 22 24 32 35 of the amount over 50 9.700 39,475 84200 160,725 204,100 510 300 Non Excess 10% SCHEDULE Y-1: Married Filing Jointly and Surviving Spouses Taxable income Over But Not Over Pay $0 $19.400 $0.00 19,400 78,950 1940.00 78.950 168,400 9,086.00 168,400 321,450 28,765.00 321.450 408,200 65.49700 408,200 612,350 93.257.00 612 350 164 709 50 22 of the amount over $0 19,400 73,950 168,400 321.450 408.200 612 350 35 SCHEDULE Y-2: Married Individuals Filing Separately Taxable income Over But Not Over Pay 50 $9.700 $0.00 9,700 39,475 970.00 39,475 84.200 4543.00 84.200 160,725 14,382.50 160,725 204,100 32.748 50 204,100 306,175 46,628.50 306,175 82,35475 Son Excess 10% 12 22 24 of the amount over 50 9.700 39,475 84200 160,725 204,100 306,175 35 37 Practice Return Shelton and Mary Edmonds live at 3201 Wheeler Ave., Houston, Harris County, TX 77004. They have two (2) children, June Bugg and SheNaNa Ren. For 2019, Shelton had wages of $63,126, and $9,018 were withheld in federal income taxes. Mary had wages of $70,000, and there were $11,239 in federal income taxes withheld. The social security numbers are" Shelton 123-45-6789 Mary 987-65-4321 June 659-87-43211 SheNaNa 132-98-4567 Prepare a tax return for Shelton and Mary where they are married filing a joint return. Prepare a tax return for Shelton and Mary where they are married filing a separate return and each claims one (1) child. Use the tax rate schedules that we reviewed on Tuesday to determine the amount of tax due or the amount of the refund. I Filing Requirements For 2019. Code Sec. 6012 requires a tax return to be filed if gross income for the year is at least as much as the amount shown for the categories in the table below. Filing Status Single Gross Income 2019 $12.200 Married Filing Joint Return Under 65 65 or older Dependent with unearned income Dependent with no uneared income Both spouses under 65 One spouse 5 or older Both spouse or older All Under 65 65 or older Under 65 65 or older Married Filing Separate Return Head of Household 1100 12.200 524,400 25700 27.000 5 $350 20,000 524,400 25700 Surviving Spouse Standard Deduction The standard deduction is based on the filing status of the taxpayer and is made up of the basic standard deduction plus any "additional standard deduction. The standard deduction is adjusted annually, if necessary, for inflation Filing Status Single Married Filing Joint Return Married Filing Separate Return Head of Household Surviving Spouse Basic Standard Deduction 2019 $12,200 24,400 12.200 18,350 24400 Additional Standard Deduction for Age and Blindness. An additional standard deduction is allowed for those age 65 or over and for those who are blind. The additional standard deduction is the total of the additional amounts allowed for both age and blindness. The dollar value of each additional amount will depend on the taxpayer's filing status. Filing Status Additional Standard Deduction 2019 Single $1,650 Married Filing Joint Return 1300 Married Filing Separate Return 100 Head of Household 1.650 Surviving Spouse 1300 Taxpayers receive an additional standard deduction for being both aged and blind. Thus, a married couple, both of whom are aged and blind, is allowed an additional standard deduction of $5,200 ($1,300 x 4)