Social security number: Jose: 412-34-5670 Date of birth: 4/23/1972 W-2 for Jose shows these amounts: Wages...

Transcribed Image Text:

Social security number: Jose: 412-34-5670 Date of birth: 4/23/1972 W-2 for Jose shows these amounts: Wages (box 1) = Federal W/H (box 2) = Social security wages (box 3) = Social security W/H (box 4) = Medicare wages (box 5) = Medicare W/H (box 6) = $ 45,800.00 $ 4,038.00 $ 45,800.00 $ 2,839.60 $ 45,800.00 $ 664.10 Social security number: Dora: 412-34-5671 Date of birth: 7/12/1977 W-2 for Dora shows these amounts: Wages (box 1) = $31,012.00 Federal W/H (box 2) = Social security wages (box 3) = Social security W/H (box 4) = Medicare wages (box 5) = $ 31,012.00 Medicare W/H (box 6) = $ 2,290.00 $31,012.00 $ 1,922.74 $ 449.67 Form 1099-INT for Jose and Dora shows this amount: Box 1 $365 from City Bank. Dependent: Daughter Adela is 5 years old. Her date of birth is 3/15/2017. Her social security number is 412-34-5672. Jose is a store manager, and Dora is a receptionist. Required: Prepare Form 1040 and Schedule 8812 for Mr. and Mrs. Hernandez for 2022. They are entitled to the child tax credit. For now, enter the credit on the appropriate line of the form. They want to contribute to the presidential election campaign. Mr. and Mrs. Hernandez had qualifying health care coverage at all times during the tax year. Use the appropriate Tax Tables. Note: List the names of the taxpayers in the order in which they appear in the problem. Input all the values as positive numbers. Do not skip rows while entering in Dependents section of Form 1040 PG1. Instructions can be found on certain cells within the forms. 1040 for a couple Married Filing Jointly with one dependent. 1040 PG 1 1040 PG 2 Schedule 8812 Schedule 8812 Worksheet A Answer is not complete. Page 2 of Form 1040. Some information does not carry over from Page 1. Use provided information and follow instructions on form. Form 1040 (2022) Jose Hernandez Tax and Credits 16 Tax (see instructions). Check if any from Form(s): 17 Amount from Schedule 2, line 3 Payments If you have a Dora Hernandez (1) 8814 412-34-5670 (2) 4972 (3) 18 Add lines 16 and 17 19 Child tax credit or credit for other dependents from Schedule 8812 20 Amount from Schedule 3, line 8 21 Add lines 19 and 20 22 Subtract line 21 from line 18. If zero or less, enter -0- 23 Other taxes, including self-employment tax, from Schedule 2, line 21 24 Add lines 22 and 23. This is your total tax 25 Federal income tax withheld from: a Form(s) W-2 b Form(s) 1099 c Other forms (see instructions) d Add lines 25a through 25c 26 2022 estimated tax payments and amount applied from 2021 return 27 Earned income credit (EIC) qualifying child, attach Schedule EIC. 28 Additional child tax credit from Schedule 8812 29 American opportunity credit from Form 8863, line 8 30 Reserved for future use 31 Amount from Schedule 3, line 15 32 Add lines 27, 28, 29, and 31. These are your total other payments and refundable credits 33 Add lines 25d, 26, and 32. These are your total payments 25a 6,328 25b 25c Page 2 16 5,758 X 17 18 5,758 19 2,000 20 21 2,000 22 3,758 x 23 24 3,758 25d 6,328 26 27 28 29 30 31 32 33 0 6,328 34 2,570x 35a 2,570 Savings Refund 34 If line 33 is more than line 24, subtract line 24 from line 33. This is the amount you overpaid 35a Amount of line 34 you want refunded you. If Form 8888 attached, check here Direct deposit? See instructions. b Routing number c Type: Checking d Account number 36 Amount of line 34 you want applied to your 2023 estimated tax 36 Amount You Owe 37 Subtract line 33 from line 24. This is the amount you owe. For details on how pay, go to www.irs.gov/Payments or see instructions 38 Estimated tax penalty (see instructions) 37 38 Third Party Designee Do you want to allow another person to discuss this return with the IRS? See instructions Designee's name Sign Here Phone no. Yes. Complete below No Personal identification number (PIN) Under penalties of perjury, I declare 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 all information of which preparer has any knowledge. Your signature Date Your occupation If the IRS sent you an Identity Protection PIN, enter it here Social security number: Jose: 412-34-5670 Date of birth: 4/23/1972 W-2 for Jose shows these amounts: Wages (box 1) = Federal W/H (box 2) = Social security wages (box 3) = Social security W/H (box 4) = Medicare wages (box 5) = Medicare W/H (box 6) = $ 45,800.00 $ 4,038.00 $ 45,800.00 $ 2,839.60 $ 45,800.00 $ 664.10 Social security number: Dora: 412-34-5671 Date of birth: 7/12/1977 W-2 for Dora shows these amounts: Wages (box 1) = $31,012.00 Federal W/H (box 2) = Social security wages (box 3) = Social security W/H (box 4) = Medicare wages (box 5) = $ 31,012.00 Medicare W/H (box 6) = $ 2,290.00 $31,012.00 $ 1,922.74 $ 449.67 Form 1099-INT for Jose and Dora shows this amount: Box 1 $365 from City Bank. Dependent: Daughter Adela is 5 years old. Her date of birth is 3/15/2017. Her social security number is 412-34-5672. Jose is a store manager, and Dora is a receptionist. Required: Prepare Form 1040 and Schedule 8812 for Mr. and Mrs. Hernandez for 2022. They are entitled to the child tax credit. For now, enter the credit on the appropriate line of the form. They want to contribute to the presidential election campaign. Mr. and Mrs. Hernandez had qualifying health care coverage at all times during the tax year. Use the appropriate Tax Tables. Note: List the names of the taxpayers in the order in which they appear in the problem. Input all the values as positive numbers. Do not skip rows while entering in Dependents section of Form 1040 PG1. Instructions can be found on certain cells within the forms. 1040 for a couple Married Filing Jointly with one dependent. 1040 PG 1 1040 PG 2 Schedule 8812 Schedule 8812 Worksheet A Answer is not complete. Page 2 of Form 1040. Some information does not carry over from Page 1. Use provided information and follow instructions on form. Form 1040 (2022) Jose Hernandez Tax and Credits 16 Tax (see instructions). Check if any from Form(s): 17 Amount from Schedule 2, line 3 Payments If you have a Dora Hernandez (1) 8814 412-34-5670 (2) 4972 (3) 18 Add lines 16 and 17 19 Child tax credit or credit for other dependents from Schedule 8812 20 Amount from Schedule 3, line 8 21 Add lines 19 and 20 22 Subtract line 21 from line 18. If zero or less, enter -0- 23 Other taxes, including self-employment tax, from Schedule 2, line 21 24 Add lines 22 and 23. This is your total tax 25 Federal income tax withheld from: a Form(s) W-2 b Form(s) 1099 c Other forms (see instructions) d Add lines 25a through 25c 26 2022 estimated tax payments and amount applied from 2021 return 27 Earned income credit (EIC) qualifying child, attach Schedule EIC. 28 Additional child tax credit from Schedule 8812 29 American opportunity credit from Form 8863, line 8 30 Reserved for future use 31 Amount from Schedule 3, line 15 32 Add lines 27, 28, 29, and 31. These are your total other payments and refundable credits 33 Add lines 25d, 26, and 32. These are your total payments 25a 6,328 25b 25c Page 2 16 5,758 X 17 18 5,758 19 2,000 20 21 2,000 22 3,758 x 23 24 3,758 25d 6,328 26 27 28 29 30 31 32 33 0 6,328 34 2,570x 35a 2,570 Savings Refund 34 If line 33 is more than line 24, subtract line 24 from line 33. This is the amount you overpaid 35a Amount of line 34 you want refunded you. If Form 8888 attached, check here Direct deposit? See instructions. b Routing number c Type: Checking d Account number 36 Amount of line 34 you want applied to your 2023 estimated tax 36 Amount You Owe 37 Subtract line 33 from line 24. This is the amount you owe. For details on how pay, go to www.irs.gov/Payments or see instructions 38 Estimated tax penalty (see instructions) 37 38 Third Party Designee Do you want to allow another person to discuss this return with the IRS? See instructions Designee's name Sign Here Phone no. Yes. Complete below No Personal identification number (PIN) Under penalties of perjury, I declare 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 all information of which preparer has any knowledge. Your signature Date Your occupation If the IRS sent you an Identity Protection PIN, enter it here