8. Note: Form 1040, Line 10b instructions state:

If you don't itemize deductions on Schedule A (Form 1040), you (or you and your spouse if filing jointly) may be able to take a charitable deduction for cash contributions made in 2020. Enter the total amount of your contributions on line 10b. Don't enter more than: $300 if single, head of household, or qualifying widow(er); $300 if married filing jointly; or $150 if married filing separately.

If the TP in question 4 above had the filing status of married filing jointly and both spouses are between the ages of 50 and 60, the amount on Form 1040, Line 12 should be:

a. $12,400.

b. $24,800.

c. $25,600.

d. $26,150.

9. If the TP overpays her 2020 Federal income tax liability by $5,200, but wants to apply $3,000 of the overpayment to her 2021 estimated Federal income tax liability, then she should enter $3,000 on:

a. Form 1040, Line 26.

b. Schedule 3, Line 8.

c. Form 1040, Line 25a.

d. Form 1040, Line 36.

If only one of the following is a correct entry on the TPs return, it is:

a. $3,000 on Schedule D, Part I, Line 1, column (h).

b. ($10,000) on Form 8949, Part II, Line 1, column (h).

c. ($3,000) on Form 1040, Line 7.

d. ($7,000) on Schedule D, Part III, Line 21