Question: Fill in the table below, using the information below, based on what is best for the client. Steve Alito is 66 and has no

Fill in the table below, using the information below, based on what

Fill in the table below, using the information below, based on what is best for the client. Steve Alito is 66 and has no children. On December 30, 2022, he married Pat, age 28, who had no income in 2022, and had been living with Steve. Assume tax laws in 2022 are as described in the textbook, and as updated in lecture and Carmen notes. Line numbers refer to the 2022 version of the 1040 form posted on Carmen. Use reasonable assumptions about the best method for federal income taxes for 2022. If no information is provided on this handout for an item needed on the return, assume that it is zero, e.g., no contribution to an IRA because not listed on the handout. Steve's Box 1 wages in 2022 = $100,000. Federal income tax withholding = $10,000 Corporate bond interest income = $50,000. Cash contributions to public charity in 2022 = $5,000 Steve made $40,000 in alimony payments to his ex-wife Mary, for a divorce finalized in 2002. A. 2022 Federal gross income $ = Line 1z= Line 2b = B. Adjustments to gross income (list each one) - = Line 9 = Line 10 = Adjusted gross income = C. Filing status = (single/married filing jointly, household head) Type best choice D. Line 12: Standard deduction (SD): = E. 2022 Federal taxable income $ = Line 11 = Line 12 = Line 15 = F.2022 Federal marginal tax rate (bracket) G. Federal income tax before credits for 2022 $= Line 16 = H. Credits (Lines 19 & 20) Line 21= I. Total tax net of Line 21 credits -- Line 24= J. Line 25a W2 withholding = Line 25d= K. Refund or balance due (specify which)

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