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What would be 11a, 11b, and 19 Alfred E. Old and Beulah A. Crane, each age 42, married on September 7, 2017. Alfred and Beulah

What would be 11a, 11b, and 19
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Alfred E. Old and Beulah A. Crane, each age 42, married on September 7, 2017. Alfred and Beulah will file a joint return for 2019. Alfred's Social Security number is 111-11-1109. Beulah's Social Security number is 123-45-6780, and she adopted "Old" as her married name. They live at 211 Brickstone Drive, Atlanta, GA 30304 Alfred was divorced from Sarah Old in March 2016. Under the divorce agreement, Alfred is to pay Sarah $1,250 per month for the next 10 years or until Sarah's death, whichever occurs first. Alfred pays Sarah $15,000 in 2019. In addition, in January 2019, Alfred pays Sarah $50,000, which is designated as peing for her share of the marital property. Also, Alfred is responsible for all prior years' income taxes. Sarah's Social Security number is 123-45-6788. Alfred's salary for 2019 is $150,000. He is an executive working for Cherry, Inc. (Federal I.D. No. 28-7654321). As part of his compensation package, Cherry provides him with group term life insurance equal to twice his annual salary. His employer withheld $24.900 for Federal income taxes and $8,000 for state income taxes. The proper amounts were withheld for FICA taxes. Beulah recently graduated from law school and is employed by Legal Aid Society, Inc. (Federal I.D. No. 11-1111111), as a public defender. She receives a salary of $42,000 in 2019. Her employer withheld $7,500 for Federal income taxes and $2,400 for state Income taxes. The proper amounts were withheld for FICA taxes. Alfred and Beulah had interest income of $500. Alfred and Beulah receive a $1,900 refund on their 2018 state income taxes. They claimed the standard deduction on their 2018 Federal income tax return. Alfred and Beulah pay $4,500 interest and $1,450 property taxes on their personal residence in 2019. Their charitable contributions total $2,400 (all to their church). They paid sales taxes of $1,400, for which they maintain the receipts. Both spouses had health insurance for all of 2019 and they do not want to contribute to the Presidential Election Campaign. Required: Compute the Olds' net tax payable (or refund due) for 2019. Use Form 1040 10 11 OD 12 13 14 15 16 $12,000 10 Taxable income. Subtract lines 8 and 9 from line 7. If zero or less, entero Married filing joindy or Ouditying 11 a Tax (see hst.) (check if any from 1 Form(s) 8914 2 Form 4972 3 widosfer). $24,000 b Add any amount from Schedule 2 and check here Head of 12 a Chid tax creditoredt for other dependents b Add any amount from Schedule 3 and check here household, $18,000 13 Subtract line 12 from line 11. If zero or less, enter-O- If you checked 14 Other taxes. Attach Schedule 4. any box under Standard 15 Total tax. Add lines 13 and 14. deduction, indholddon. 16 Federal income tax withheld from Forme W-2 and 1000 17 Refundable credits: a EIC (sce rst.) b Sch. 8012 c Form 3063 Ackd any amount from Schedule 5 18 Add Inco 16 and 17. These are your total payments Refund 10 line 18 be more than lino 15, oubtract line 16 from line 18. This is the amount you overpaid 20 Amount of lino 19 you want refunded to you. # Form Benin attached, check here Direct deposit Routing number Sve instructions Type Checking Savings d Account number 21 Amount of line 19 you want applied to your 2010 estimated tax .. 21 17 18 19 20

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