Chapter $5$ TRP $5-2$

Assume the toxpayer does NOT wlsh to contrlbute to the Presidential Electlon Fund, unless otherwlse stated In the problem. In

addition, the taxpayers did NOT recelve, sell, send, exchange, or otherwlse acqulre any financlal Interest In any virtual currency

durlng the year.

John and Shannon O'Banion, who live at $3222$ Pinon Drive, Mesa, CO $81643,$ file as married filing jointly. John's social security number

is $412-34-5670($date of birth $5/12/1984),$ and Shannon's is $412-34-5671($date of birth $11/3/1986).$

John's W$-2$ contained the following information:

Wages $(box1)=$$$66,346\mathrm{.}74$

Federal$\frac{W}{H}(box2)$ $$4,787\mathrm{.}23$

Social security wages $(box3)$ $$66,346\mathrm{.}74$

Social security$\frac{W}{H}(box4)$ $$4,113\mathrm{.}50$

Medicare Wages $(box5)=$$$66,346\mathrm{.}74$

Medicare$\frac{W}{H}(box6)=$$$962\mathrm{.}63$

Shannon did not work for the year due to a medical condition but did receive unemployment compensation of $$5,328$ for the year with

federal withholding of $$654\mathrm{.}68.$ In the same year, they had the following medical costs:

In addition, they had the following other expenses:

Requlred:

Prepare a Form $1040$ with a Schedule $1$ and Schedule A for the O'Banions using any appropriate worksheets. Use the appropriate Tax

Tables.

Note: List the names of the taxpayers In the order In whlch they appear In the problem. Round your final answers to the nearest

whole dollar amount. Input all the values as positlve numbers. Instructlons can be found on certaln cells withln the forms.

$1040$ for a couple Married Filing Jointly with no dependents.

Page $1$ of Form $1040.$ Use provided information and follow instructions on form.