Question

Marc and Michelle are married and earned salaries this year of $74,000 and $15,750, respectively. In addition to their salaries, they received interest of $350 from municipal bonds and $1,750 from corporate bonds. Marc contributed $3,750 to an individual retirement account, and Marc paid alimony to a prior spouse in the amount of $2,750. Marc and Michelle have a 10-year-old son, Matthew, who lived with them throughout the entire year. Thus, Marc and Michelle are allowed to claim a $2,000 child tax credit for Matthew. Marc and Michelle paid $8,500 of expenditures that qualify as itemized deductions and they had a total of $7,400 in federal income taxes withheld from their paychecks during the course of the year.

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Department of the Treasury - Internal Revenue Service (99) U.S. Individual Income Tax Return Filing status: Single Married filing jointly Married filing separately Your first name and initial Last name OMB No. 1545-0074 IRS Use Only-Do not write or staple in this space. Head of household Qualifying widower) Your social security number You were born before January 2, 1954 Your standard deduction: Someone can claim you as a dependent If joint return, spouse's first name and initial Last name You are blind Spouse's social security number Spouse standard deduction Someone can claim your spouse as a dependent Spouse was born before January 2, 1954 Spouse is blind Spouse itemizes on a separate return or you were dual-status alien Home address (number and street). If you have a P.O.box, see instructions, Apt. no. Full-year health care coverage or exempt (see inst.) Presidential Election Campaign (see inst.) You Spouse City, town or post office, state, and ZIP code. If you have a foreign address, attach Schedule 6. If more than four dependents, see inst. and heren (4) if qualities for (see inst.) Child tax credit Credit for other dependents Dependents (see instructions): (1) First name (2) Social security number (3) Relationship to you Last name Sign Here Date Under penalties of perjury. I dociare that I have examined this return and accompanying schedules and statements, and to the best of my knowledge and belief, they are true correct, and complete. Declaration of preparer (other than taxpayer) is based on al information of which preparer has any knowledge. Your signature Your occupation If the IRS sent you an identity Protection Joint return? PIN, enter it See instructions. here see inst) Keep a copy for Spouse's signature. If a joint return, both must sign. Date Spouse's occupation If the IRS sent you an identity Protection your records. PIN anterit here we inst) Preparer's name Preparer's signature PTIN Firm's EIN Check if: Paid 3rd Party Designee Preparer Firm's name Phone no Use Only Self-employed Firm's address For Disclosure, Privacy Act, and Paperwork Reduction Act Notice, see separate instructions. Cat. No. 11320B Form 1040 (2018)

Answer 1

19... A Department of the Treasury - Internal Revenue Service 99) TU 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) Houd of household (HOH) Qualifying widower) (GW) Check only if you checked the MFS box, enter the name of spouse. If you checked the HOH or GW box, enter the child's name if the qualifying person is one bax. a child but not your dependent. Your first name and midde initial Lastnanie Your social security number Marc 1 2 3 4 5 6 7 8 9 If joint return, spouse's first name and middle initial Last name Spouse's social security number Michelle 1 2 3 4 516 9 8 7 Home address (number and street). If you have a P.O. box, see instructions. Apt. no. Presidential Election Campaign Check here if you, or your spouse fring XXXXXXX jointly, want $3 to go to this fund. City, town or post office, state, and ZIP code. If you have a foreign address, also complete spaces below (see instructions). Checiding a box below will not change your tax or refund. You Spouse Foreign country name Foreign province/state/county Foreign postal code If more than four dependents, see instructions and here I Standard Someone can claim: You as a dependent Your spouse as a dependent Deduction Snause temizes on a separate return or you were a dual-status allen Age/Blindness You Were bom before January 2, 1955 Are blind Spouse: Was born before January 2, 1955 Is blind Dependents (see instructions): (2) Social security number (3) Acationship to you (4) if qualifies for soc instructions (1) First name Last name Child tax credit Credit for other dependents Matthew 1 2 3 4 5 6 8 97 Son XXXX 1 2 3 4 5 6 6 7 8 Prior spouse XX XX 89750 2b 350 1 Wages, salaries, tips, etc. Attach Formis) W-2, . . . , 2a Tax-exempt interest. . . . 2a 1750 b Taxable interest. Attach Sch. B if required 3a Qualified dividends. . 3a b Ordinary dividends. Attach Sch. B if required Standard Deduction for 4a IRA distributions. . . . . 4a b Taxable amount . . . . . Single or Married Pensions and annuities. . , 4c d Taxable amount . . . filing separately. $12 200 5a Social security benefits. . . 5a b Taxable amount . . . . • Married filing jointly or Qualifying 6 Capital gain or loss), Attach Schedule D if required. If not required, check here . . widower) 7a Other income from Schedule 1, line 9 . . . . . . . . . . . . . . $24.400 • Head of b Add lines 1, 2, 3, 46, 4d, 5b, 6, and 7a. This is your total income . . . . . . . . household Ba Adjustments to income from Schedule 1, line 22 . . . . . . . . . . . $18350 . . If you checked b Subtract line Ba from line 7b. This is your adjusted gross income any box under Standard deduction or itemized deductions from Schedule A). . . . Standard 14950 Deduction 10 Qualified business income deduction. Attach Form 8995 or Form 8995-A . . . 10 Soe instructions 11a Add lines 9 and 10 : . . . . . . . . . . . . . . . . . . . . . . . b Taxable income. Subtract line 11a from line ab. If zero or less, enter-o- - . . . . . . For Disclosure, Privacy Act, and Paperwork Reduction Act Notice, see separate instructions. Cat. No. 11320B Ba Bb 11b 75150 Farm 1040 (2019)

14 Form 1040 2019 Page 2 12a Tax (see inst.) Check it any from Forms): 1 0 8814 2 4972 3 12a b Add Schedule 2, line 3, and line 12a and enter the total . . . . . . . . 12b 13a Child tax credit or credit for other dependents . . . . . . . 13a 2000 b Add Schedule 3, line 7, and line 13a and enter the total . . . . . . 13b 14 Subtract line 13b from line 12b. If zero or less, enter-O- 15 Other taxes, including self-employment tax, from Schedule 2, line 10. . 8390 16 Add lines 14 and 15. This is your total tax . . . . . . 8390 Federal income tax withheld from Forms W-2 and 1099 . . 7400 • If you have a 18 Other payments and refundable credits: qualifying child Earned income credit (EIC). . . . . . . . . attach Sch. EIC . . . . . 18a . • If you have b Additional child tax credit. Attach Schedule 8812 . . . . . . 18b nontable c American opportunity credit from Form 8863, line 8 : . combat pay. See : . : . . instructions. d Schedule 3, line 14 . . . . . . . . . . . . . . . . . 18d • Add lines 18a through 18d. These are your total other payments and refundable credits . . 18 19 Add lines 17 and 18e. These are your total payments. . . . . 7400 Refund 20 If line 19 is more than line 16, subtract line 16 from line 19. This is the amount you overpald, . . 21a Amount of line 20 you want refunded to you. If Form 8888 is attached, check here . . . . . . U 21a Direct depost? b Routing number c Type: Checking Savings See instructions ► Account number 22 Amount of line 20 you want applied to your 2020 estimated tax. . 22 Amount 23 Amount you owe. Subtract line 19 from line 16. For details on how to pay, see instructions . . . 23 990 You Owe 24 Estimated tax penalty (sce instructions) . . 24 Third Party Do you want to alow another person (other than your paid preparer) to discuss this return with the IRS? See instructions. Yes. Complete below. Designee No Other than Designee's Phone Personal identification paid preparer) number (PIN) Sign Under penalties af perjury, I declare that I have examined this retum and companying schedules and staterriants, and to the best of my knowledge and belief, they are true, correct, and complete. Declaraton of preparar (other than taxpayer) is based on al information of which preparer has any knowledge Here Your signature Date Your occupation If the IRS sent you an Identity Protection PIN, enter it here Joint return? (see inst.) re. If a joint retum, both must sign. Date Spouse's occupation If the IRS sent your spouse an Keep a copy for Identity Protection PIN, enter it here your records. (see inst.) Phone no. Email address Preparer's name Preparer's signature Dale PTIN Check it: Paid 3rd Party Designee Preparer Firm's name Phone no. Self-employed Firm's EN Go to www.irs.gov/Form 1040 for instructions and the latest information. Form 1040 (2019) name Use Only Firm's address