Humphrey W. Jones, social security number 510-98-1021, was born November 1, 1998. He is a college student

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Question:

Humphrey W. Jones, social security number 510-98-1021, was born November 1, 1998. He is a college student who works part-time and in the summer. For 2020, he has wages from Contemporary Corporation of $3,000, with federal withholding of $400. Humphrey also had wages from Antiquated Corporation of 4,200, with federal withholding of $600. Humphrey received $1,000 of interest income from Capital One Savings and $3,500 in interest from Treasury Bills. In addition, Humphrey had interest from City of Ellsworth bonds of $200. Humphrey had qualified dividends from Large Corporation of $9,000. Humphrey received a 1099-G from the State of Kansas reporting his 2019 income tax refund of $75.

Humphrey did not itemize deductions in 2019. Humphrey's parents, James and Jill, have taxable income of $500,000. James and Jill file a joint return, and James' social security number is 515-44-2233. Humphrey qualified for and is claimed as a dependent by his parents. The Jones family resides at 1847 Rock Road, Manhattan, Kansas 66502.

Federal estimated payments of $600 were made on Humphrey’s behalf as follows:

April 15, 2020	$150
June 15, 2020	$150
Sept. 15, 2020	$150
Jan. 15, 2021	$150

State estimated payments made on Humphrey’s behalf total $250.

Required:

Prepare Form 1040, pages 1 and 2, Schedules 1 – 3 as needed, Schedule A (if elected), and Form 8615 for Humphrey. Ignore Schedule B. Include in your workpapers the kiddie tax process as presented in the videos.