Question: 1) John is 19 years old. He has a W-2 for $20,000 with $2,000 federal withholding. 2) Pam (John's wife) is 24 years old. She

1) John is 19 years old. He has a W-2 for $20,000 with $2,000 federal withholding. 

2) Pam (John's wife) is 24 years old. She has a W-2 for $50,000 with $5,000 federal withholding. Pam also has $250 in teacher expenses. 

3) John has $2,000 student loan interest.

4) Pam has 3 kids from a previous marriage. The kids are 3, 4, and 5.

5) John is an accounting student. He has paid $5,000 in tuition. 

6) Pam has $2,000 childcare expense. 7) John has $2,000 interest income. 

8) Pam has $20,0000 mortgage interest, $18,000medical expense, $10,000 church donations, and $10,000 RE Taxes. 

9) John has Uber profit of $2,000. 

10) Pam sold stocks $40,000 basis $30,000 

11) John has a farm loss of $8,000 12) John has rental gain of $5,000 


Required

1) Prepare the tax return for John and Pam. 

2) What is the refund amount? 

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