You have received the following information and are asked to fill outFredandCarrie's 2017form 1040 for them.FredandCarrie are married and have twin children namedDavidandLily, who are 17 years old.They rent a house inAustin

Fredworks at acoffee shop. Her W-2 reports that she has$34,000 intaxablewages and$4,000 was withheld for Federalincometaxes and$2,000 was withheld for Oregon income taxes.

Carrieworks ataenvironmental non-profit. His W-2 reports that he has taxable wages of$30,000,andthat$3,000 was withheld for federal income taxes and$2,000 was withheld for Oregon income taxes.

They paid $1,500 in interest on their student loans in the current year.They also made a charitable donation of $150to anenvironmentalfoundation thatFred'sorganization works with thatworks to preserve the Willamette River.

For the purpose of this assignment, you do not need to fill out additional tax forms, just the 1040.Assume they do not have any other income or expenses.Also assume they had health insurance the entire year and that they are below the ages of 65.To calculate the tax due, please use thetax rate schedule in the1040instructions.

Fill in the Blanks:Enter the following amounts from the 20171040. Remember to

enter only whole numbers with no commas, periods, or symbols:

Line 7:

Line 8a:

Line 10:

Line 20a:

Line 21:

Line 32:

Line 33:

Line 38:

Line 40:

Line 42:

Line 44:

Line 55:

Line 64:

Line 65:

Line 78:

Other Questions

1. How many personal and dependencyexemptionsdid they claim?

2. What is their marginal tax ratepercentage (do not enter the percentage symbol or a decimal point)?

3. What is their gross income?

4. What is their AGI?

5. What is their taxable income?