Group $5$: Cumulative Software Problem

$1.$

Albert Gaytor and his wife Allison are married and file a joint return for $2022.$ The Gaytors live at $12340$ Cocoshell Road, Coral Gables, FL $33134.$ Captain Albert Gaytor is a charter fishing boat captain but took six months off from his job in $2022$ to train and study for his Masters Captain$$s License.

In $2022,$ Albert received a Form W$-2$ from his employer, Coconut Grove Fishing Charters, Inc.:

Name

Social Security Number

Date of Birth

Albert T$.$ Gaytor

$266-51-1966$

$09/22/1973$

Allison A$.$ Gaytor

$266-34-1967$

$07/01/1974$

Crocker Gaytor

$261-55-1212$

$12/21/2004$

Cayman Slacker

$261-11-4444$

$03/13/2003$

Sean Slacker

$344-23-5656$

$05/01/2002$

The Gaytors have an $18-$year$-$old son, Crocker, who is a full$-$time freshman at Brickell State University. The Gaytors also have a $19-$year$-$old daughter, Cayman, who is a part$-$time student at Dade County Community College $($DCCC$).$ Cayman is married to Sean Slacker, who is $20$ years old and a part$-$time student at DCCC$.$ Sean and Cayman have a $1-$year$-$old child, Wanda Slacker $($Social Security number $648-99-4306).$ Sean, Cayman, and Wanda all live in an apartment up the street from Albert and Allison during the entire current calendar year. Sean and Cayman both work for Sean$$s wealthy grandfather as apprentices in his business. Their wages for the year were a combined $$50,000,$ which allowed them to pay all the personal expenses for themselves and their daughter. Albert$$s cousin, Jeff $($everyone calls him Swampy$)$ Gaytor is $25$ years old $($birthdate $4/16/1997,$ Social Security number $542-11-5562).$ Swampy lost his job and in $2022,$ received $$3,200$ of unemployment compensation. The remainder $($well above $50$ percent$)$ of Swampy$$s support was provided by the Gaytors, including the rent on Swampy$$s apartment in Cutler Bay, FL$,$ about $16$ miles from the Gaytor$$s home.

Albert and Allison have a savings account and received the following Form $1099-$INT for $2022$:

Details

Required: Use a computer software package such as Intuit ProConnect to complete Form $1040$ for Albert and Allison Gaytor for $2022.$ Be sure to save your data input files since this case will be expanded with more tax information in later chapters. Make assumptions regarding any information not given.