Question

Leo Timmy Wingull and Julie Angela Wingull are married taxpayers. They do not have children. Below is

their information for 2019:

•They have wages, dividend, and interest income. Please see the related forms.

•Leo pays his ex-wife alimony of $10,000 a year that meets all necessary qualifications.

The divorce decree was finalized in 2011.

•Julie received a gift from her cousin of $300.

Please prepare Form 1040 and all related schedules

22222 Da vaid Void U a Employee's social security number I000-00-0000 2 b Employer identification number (EIN) 00-000000000 c Employer's name, address, and ZIP code Employers R Us For Official Use Only OMB No. 1545-0008 1 Wages, tips, other compensation 80,000 3 Social Security wages 80,000 5 Medicare wages and tips 80,000 7 Social security tips Federal income tax withheld 7,952 4 Social security tax withheld 3,000 6 Medicare tax withheld 1,200 8 Allocated tips d Control number 10 Dependent care benefits e Employee's first name and initial Last name Suff. 11 Nonqualified plans 12a See instructions for box 12 Wingull 13 Statutory Leo T. 1 N 12 W Someplace, UT 01010 14 Other 1 Employee's address and ZIP code 15 State Employer's state ID number UTI 18 Local wages, tips, etc. 19 Local income tax 20 Locality name 16 State wages, tips, etc. 17 State income tax 80,000 3,500 Forn W-2 Wage and Tax Statement 2019 Department of the Treasury-Internal Revenue Service For Privacy Act and Paperwork Reduction Copy A For Social Security Administration - Send this entire page with Act Notice, see the separate instructions. Form W-3 to the Social Security Administration; photocopies are not acceptable. Cat. No. 10134D Do Not Cut, Fold, or Staple Forms on This Page

Answer 1

The Leo And her wife are filling return as married coupled and will be allowed a deduction of $24400 as single individual filler only gets $12200

computation of tax for the year 2019

Wages declared as per W2 $ 80000

Dividend $ 3500

Interest $6250

Total Gross Income = $ 89,750

Less alimony of ( $10,000)

Gift Recieved of $300 Exempt

Total Adjusted Income = $ 79750

Less Standard Deduction ( $ 24,400)

Taxable Income = $ 55350

TAX on $ 19400 @ 10% =$ 1940

Tax On $35950 @ 12 % = $ 4314

Total Income Tax computed before Tax credits   $ 1940 +$4314 = $ 6254

Less Federal Income Tax withheld as per W2 =$ 7952

Refund will be generated of amount ($ 7952-6254 )= $1698