Question

Department of the Treasury-Internal Revenue Service (99) U.S. Individual Income Tax Return OMB No. 1545-0074 IRS Use Only-Do not write or staple in this space. Filing Status Single Married filing jointly Married filing separately (MFS) Head of household (HOH) Qualifying widow(er) (QW) Check only If you checked the MFS box, enter the name of spouse. If you checked the HOH or QW box, enter the child's name if the qualifying person is one box. a child but not your dependent. Your first name and middle initial Last name Your social security number If joint return, spouse's first name and middle initial Last name Spouse's social security number Home address (number and street). If you have a P.O. box, see instructions. Apt. no. City, town or post office, state, and ZIP code. If you have a foreign address, also complete spaces below (see instructions). Presidential Election Campaign Check here if you, or your spouse if filing jointly, want $3 to go to this fund. Checking a box below will not change your tax or refund. You Spouse If more than four dependents, see instructions and here Foreign country name Foreign province/state/county Foreign postal code Standard Deduction Someone can claim: You as a dependent Your spouse as a dependent Spouse itemizes on a separate return or you were a dual-status alien Age/Blindness You Were born before January 2, 1955 Dependents (see instructions): (1) First name Last name Are blind Spouse: (2) Social security number 1 Was born before January 2, 1955 Is blind (3) Relationship to you (4) if qualifies for (see instructions): Child tax credit Credit for other dependents 5a 1 2a 3a Standard Deduction for 4a • Single or Married c filing separately, $12,200 5a • Married filing jointly or Qualifying widow(er), 7a $24,400 • Head of b household, $18,350 | 8a • If you checked any box under Standard 9 Deduction, 10 see instructions. 11a b Wages, salaries, tips, etc. Attach Form(s) W-2 . . . . . . Tax-exempt interest . . . . b Taxable interest. Attach Sch. B if required Qualified dividends. . . За b Ordinary dividends. Attach Sch. B if required IRA distributions. . . . . b Taxable amount . . . . . . Pensions and annuities. . . 4c d Taxable amount . . . . . . Social security benefits. . . b Taxable amount . . . Capital gain or loss). Attach Schedule D if required. If not required, check here . . . . . Other income from Schedule 1, line 9 . . . . . . . . . . . . . . Add lines 12h Add lines 1, 2b, 3b, 4b, 40, 5b, 6, and 7a. This is your total income . . . . . . . . Adjustments to income from Schedule 1, line 22 . . . . . . . . Subtract line 8a from line 7b. This is your adjusted gross income . . . Standard deduction or itemized deductions (from Schedule A). . . . . 9 Qualified business income deduction. Attach Form 8995 or Form 8995-A . . . 10 Add lines 9 and 10. . Taxable income. Subtract line 11a from line 8b. If zero or less, enter-O-.. . . . . 11a
You are to prepare a tax return using the following information. You will need to use Form 1040, Schedule B if applicable, you determine (Read requirements in text). John Brown, age 53, (social security number 554-78-4556) is single and is supporting his 18 year old son, David (social security number 444-55-7777). David is a student at MirMonte High School. They live in a rented home at 1245 West 5Th Street, Coalinga, CA. John is employed as a engineer and received the following on his W-2, Wages, $124,566, Federal Income Tax withheld, $32,400. John also received dividends from Pepsico, $1500 of which 1344 were qualified dividends. Be sure to calculate the tax using the Qualified Dividends and Capital Gains tax worksheet. He also received interest from Bank of America totaling $245. Other items of income were a gift from John's father of cash, $50,000, lottery winnings of $1500 on a Lottery Scratcher ticket. You are to prepare the 2019 tax return manually using the forms provided in the Resources section titled Forms and Publications. You will only need to submit Form 1040 and Sch B if required.

Answer 1

Tom loyo Filling steetin Head of Household..... You fiast name.... Your SSN. ...John Brown 554-78-45.56 i). Wages. .....$12456.6. 2). Taxe Bempt interest. 20.-...b) lokable 26). $295.... 1. Iriterest 39). Qualified diuidend 30). $13.49.b.gdinary. 36). $155..... duidend 79... Other income forem schedule ............Ta) $ 1500 ... Total income. ..7.5) $127610.... 8a). Aeyushments..... Sa) - Adyusted quoss. Income.....862 $127810.... 9 - Standard deduckós 9).18350 .... 10). Qualified business del 10).-... 11a Add lines g.410... ..119) $18350 b. Taxable income................11b) $10946.0.. 120) Tax. 129)... 13a) Child tax credit or credit for- $500.... dependent Notest 1. Status of felling can be head of household... claiming his son as dependent...... 2) Gift secevable is not taxable. 2 Qualified dividend - tax @ 15%. & ordinary dindend at Ordinary rate.