Question: I need help understanding where to put the given information into a tax form. Please fill in the areas with grey boxes according to there






I need help understanding where to put the given information into a tax form. Please fill in the areas with grey boxes according to there number






9/19/2019 26 Moving expenses for members of the Armed Forces. Attach Form 3903 . . . . . . . .. . |26 27 Deductible part of self-employment tax. Attach Schedule SE . . . . . . . . 27 28 Self-employed SEP, SIMPLE, and qualified plans 28 29 Self-employed health insurance deduction . . . . 29 30 Penalty on early withdrawal of savings . . . . . 30 31a Alimony paid b Recipient's SSN 123-45-6788 |31a 32 IRA deduction . 32 33 Student loan interest deduction . 33 34 Reserved . .. 34 35 Reserved . . . . . . . 35 36 Add lines 23 through 35 . . . . . . . . . . . . . . . . . . . . . ... 36 BAA For Paperwork Reduction Act Notice, see your tax return instructions. Schedule 1 (Form 1040) 2018 Uniform Premiums for Group Term Life Insurance Click here to view the Exhibit for Uniform Premiums for $1,000 of Group Term Life Insurance Protection. 2018 Tax Rate Schedules Use the 2018 Tax Rate Schedules to compute the tax. (Note: Because the tax rate schedules are used instead of the tax tables, the amount of tax computed may vary slightly from the amount listed in the tables.) 2018 Tax Rate Schedules Single-Schedule X Head of household-Schedule Z If taxable income of the If taxable income of the is: But not amount is: But not amount Over- over- The tax is: over- Over- over- The tax is: over- $0 $9,525 . . . . . 10% $0 $0 $13,600 . . . . . . 10% $0 9,525 38,700 $952.50 + 12% 9,525 13,600 51,800 $1,360.00 + 12% 13,600 38,700 82,500 4,453.50 + 22% 38,700 51,800 82,500 5,944.00 + 22% 51,800 9/19/2019 82,500 157,500 14,089.50 + 24% 82,500 82,500 157,500 12,698.00 + 24% 82,500 157,500 200,000 32,089.50 + 32% 157,500 157,500 200,000 30,698.00 + 32% 157,500 200,000 500,000 45,689.50 + 35% 200,000 200,000 500,000 44,298.00 + 35% 200,000 500,000 150,689.50 + 37% 500,000 500,000 149,298.00 + 37% 500,000 Married filing jointly or Qualifying widow(er)-Schedule Y-1 Married filing separately-Schedule Y-2 If taxable income of the If taxable income of the is: But not amount is: But not amount Over- over- The tax is: over- Over- over- The tax is: over- $0 $19,050 . . . . . 10% $0 $0 $9,525 . . . . 10% 19,050 77,400 $1,905.00 + 12% 19,050 9,525 38,700 $952.50 + 12% 9,525 77,400 165,000 8,907.00 + 22% 77,400 38,700 82,500 4,453.50 + 22% 38,700 165,000 315,000 28,179.00 + 24% 165,000 82,500 157,500 14,089.50 + 24% 82,500 315,000 400,000 64,179.00 + 32% 315,000 157,500 200,000 32,089.50 + 32% 157,500 400,000 600,000 91,379.00 + 35% 400,000 200,000 300,000 45,689.50 + 35% 200,000 600,000 . . 161,379.00 + 37% 600,000 300,000 . . . . . 80,689.50 + 37% 300,000Refund 19 If line 18 is more than line 15, subtract line 15 from line 18. This is the amount you overpaid . . . 19 20a Amount of line 19 you want refunded to you. If Form 8888 is attached, check here . . . . . . . . . . . . . . . . ........ . . ... ... ... .. . . . . . . . . . . . . . . . 20a Direct deposit? b Routing number x x x x x x x x x > c Type: . Checking . Savings See instructions. d Account number x x x x x x x x x x x x x xx xx 21 Amount of line 19 you want applied to your 2019 estimated tax 21 Amount 22 Amount you owe. Subtract line 18 from line 15. For details on how to pay, see instructions . . . . . 22 You Owe 23 Estimated tax penalty (see instructions) . . . . . 23 Go to www.irs.gov/Form 1040 for instructions and the latest information. Form 1040 (2018) Schedule 1 Complete Olds' Schedule 1 for 2018. 9/19/2019 Additional Income and Adjustments to OMB No. 1545- SCHEDULE 1 0074 Income (Form 1040) 2018 Department of the Treasury Internal Revenue Attach to Form 1040. Attachment Service Go to www.irs.gov/Form1040 for instructions and the latest Sequence No. information. 01 Your social Name(s) shown on Form 1040 security Alfred E. and Beulah A. Old number 111-11-1109 Additional 1- Income 9b Reserved . . . . . . . . . . . .. 1- 9b 10 Taxable refunds, credits, or offsets of state and local income taxes . . . . . . 10 11 Alimony received . . . . . . . . . . . . . 11 12 Business income or (loss). Attach Schedule Cor C-EZ . . . 12 13 Capital gain or (loss). Attach Schedule D if required. If not required, check here > a 13 14 Other gains or (losses). Attach Form 4797 . . . . . . . . . .. 14 15a Reserved . . . . . . . . . . . . . . . . .. . 15b 16a Reserved . . . . 16b 17 Rental real estate, royalties, partnerships, S corporations, trusts, etc. Attach Schedule E . . . 17 18 Farm income or (loss). Attach Schedule F . . 18 19 Unemployment compensation . . . . . . . . 19 20a Reserved . . . . . . . . . . . . . . 20b 21 Other income. List type and amount 21 22 Combine the amounts in the far right column. If you don't have any adjustments to income, enter here and include on Form 1040, line 6. Otherwise, go to line 23 22 Adjustments 23 Educator expenses . . 23 to Income 24 Certain business expenses of reservists, performing artists, and fee-basis government officials. Attach Form 2106 . 24 25 Health savings account deduction. Attach Form 8889 . . 25occupation enter it here Joint return? See Executive ( see inst.) instructions. Keep a Spouse's signature. If a joint return, Date Spouse's If the IRS sent you an Identity Protection PIN, copy for your both must sign. occupation enter it here records. Lawyer (see inst. Paid Preparer Use Only Preparer's name Preparer's signature PTIN Firm's EIN Check if: Self-Prepared 3rd Party Designee Firm's name Phone no. a Self-employed Firm's address BAA For Disclosure, Privacy Act, and Paperwork Reduction Act Notice, see separate instructions. Form 1040 (2018) Form 1040 (2018) Alfred E. and Beulah A. Old 111-11-1109 Page 2 1 Wages, salaries, tips, etc. Attach Form(s) W-2 . . . . . . . . . 1 192 2a Tax-exempt interest 2a b Taxable interest 2b 3a Qualified dividends 3a b Ordinary dividends 3b Attach Form(s) W-2. Also attach 4a IRAS, pensions, and annuities b Taxable amount 4b Form(s) W-2G and 1099-R if tax was 5a Social security benefits 5a b Taxable amount 15b withheld. Total income. Add lines 1 through 5. Add any amount from Schedule 1, line 22 7 Adjusted gross income. If you have no adjustments to income, enter the amount from line 6; otherwise, subtract Schedule 1, line 36, from line 6 . . . . . . . . . . . . Standard Deduction for- Standard deduction or itemized deductions (from Schedule A) . . . . . . . . . . Single or married filing separately, $12,000 Qualified business income deduction (see instructions) . . . 9 . Married filing jointly or Qualifying widow(er), $24,000 10 Taxable income. Subtract lines 8 and 9 from line 7. If zero or less, enter -0- 10 . Head of household, $18,000 11 a Tax (see inst) (check if any from: 1 0 Form(s) 8814 11 . If you checked any box under Standard deduction, see instructions. 2 0 Form 4972 30 b Add any amount from Schedule 2 and check here . . . . . . . 12 a Child tax credit/credit for other dependents b Add any amount from Schedule 3 and check here . 12 13 Subtract line 12 from line 11. If zero or less, enter -0- . . . 13 14 Other taxes. Attach Schedule 4 . . . . . . 14occupation enter it here Joint return? See Executive (see inst.) instructions. Keep a Spouse's signature. If a joint return, Date Spouse's If the IRS sent you an Identity Protection PIN, copy for your both must sign. occupation enter it here records. Lawye (see inst.) Paid Preparer Use Only Preparer's name Preparer's signature PTIN Firm's EIN Check if: Self-Prepared D 3rd Party Designee Firm's name Phone no. a Self-employed Firm's address BAA For Disclosure, Privacy Act, and Paperwork Reduction Act Notice, see separate instructions. Form 1040 (2018) Form 1040 (2018) Alfred E. and Beulah A. Old 111-11-1 109 Page 2 1 Wages, salaries, tips, etc. Attach Form(s) W-2 . . . . . . . . . 192 2a Tax-exempt interest 2a b Taxable interest 2b 3a Qualified dividends 3a b Ordinary dividends 3b Attach Form(s) W-2. Also attach 4a IRAs, pensions, and annuities b Taxable amount 4b Form(s) W-2G and 1099-R if tax was 5a Social security benefits 5a b Taxable amount 5b withheld. Total income. Add lines 1 through 5. Add any amount from Schedule 1, line 22 6 7 Adjusted gross income. If you have no adjustments to income, enter the amount from line 6; otherwise, subtract Schedule 1, line 36, from line 6 . . . . . . . . . . . . Standard Deduction for- 8 Standard deduction or itemized deductions (from Schedule A) . . . . 8 Single or married filing separately, $12,000 9 Qualified business income deduction (see instructions) . . . 9 Married filing jointly or Qualifying widow(er), $24,000 10 Taxable income. Subtract lines 8 and 9 from line 7. If zero or less, enter -0- . . 10 . Head of household, $18,000 If you checked any box under 11 a Tax (see inst) ( check if any from: 1 0 Form(s) 8814 Standard deduction, see instructions. 2 0 Form 4972 3 0 19/20 19 b Add any amount from Schedule 2 and check here . . . . . . 12 a Child tax credit/credit for other dependents b Add any amount from Schedule 3 and check here . . . 12 13 Subtract line 12 from line 11. If zero or less, enter -0- 13 14 Other taxes. Attach Schedule 4 . 14 Total tax. Add lines 13 and 14 . . .. 15 16 Federal income tax withheld from Forms W-2 and 1099 . . . . 16 17 Refundable credits: a EIC (see inst.) b Sch 8812 c Form 8863 Add any amount from Schedule 5 . . . . . . . . . . . . . . . . . . . . 17Beulah recently graduated from law school and is employed by Legal Aid Society, Inc. (Federal I.D. No. 11-1111111), as a public defender. She receives a salary of $42,000 in 2018. Her employer withheld $7,500 for Federal income taxes and $2,400 for state income taxes. The proper amounts were withheld for FICA taxes. Alfred and Beulah had interest income of $500. Alfred and Beulah receive a $1,900 refund on their 2017 state income taxes. They itemized deductions on their 2017 Federal income tax return (total of $15,000). Alfred and Beulah pay $4,500 interest and $1,450 property taxes on their personal residence in 2018. Their charitable contributions total $2,400 (all to their church). They paid sales taxes of $1,400, for which they maintain the receipts. Both spouses had health insurance for all months of 2018 and do not want to contribute to the Presidential Election Campaign. Required: Compute the Olds' net tax payable (or refund due) for 2018. Use Form 1040 and Schedule 1 to complete this tax return. It may be necessary to complete the tax schedule and worksheet before completing Form 1040. Enter all amounts as positive numbers. If an amount box does not require an entry or the answer is zero, enter "0". Make realistic assumptions about any missing data. When computing the tax liability, do not round your immediate calculations. If required round your final answers to the nearest dollar. 12019 . Use the 2018 Tax Rate Schedule provided. Do not use the Tax Tables. Form 1040 Complete Form 1040 for the Olds. Form Department of the Treasury-Internal Revenue Service (99) 1040 U.S. Individual Income Tax Return 2018 OMB No. 1545-0074 IRS Use Only Filing status: Married filing jointly Your first name and initial Last name Your social security number Alfred E. Old 111-11-1109 Your standard deduction: None If joint return, spouse's first name and initial Last name Spouse's social security Beulah A. Old number 123-45-6780 Spouse standard deduction: 0 Someone can claim your spouse as a dependent . Spouse was born Full-year health before January 2, 1954 . Spouse is blind Spouse itemizes on a separate return or you were dual- No care coverage or status alien exempt (see inst.) Home address (number and street). If you have a P.O. box, see instructions. Apt. no. Presidential Election 211 Brickstone Drive Campaign (see inst.) None City, town or post office, state, and ZIP code. If you have a foreign address, attach Schedule 6. If more than four dependents, Atlanta, GA 30304 see inst. and v here > o Dependents (see instructions): (2) Social security number (3) Relationship to you (4) V if qualifies for (see inst.): (1) First name Last name Child tax credit Credit for other dependents Sign Under penalties of perjury, I declare that I have examined this return and accompanying schedules and statements, and to the best of my knowledge and belief, they are true, correct, and complete. Declaration of Here preparer (other than taxpayer) is based on all information of which preparer has any knowledge. Your signature Date Your If the IRS sent you an Identity Protection PIN,Instructions Note: This problem is for the 2018 tax year. Alfred E. Old and Beulah A. Crane, each age 42, married on September 7, 2016. Alfred and Beulah will file a joint return for 2018. Alfred's Social Security number is 111-11-1109. Beulah's Social Security number is 123-45-6780, and she adopted "Old" as her married name. They live at 21 1 Brickstone Drive, Atlanta, GA 30304. Alfred was divorced from Sarah Old in March 2016. Under the divorce agreement, Alfred is to pay Sarah $1,250 per month for the next 10 years or until Sarah's death, whichever occurs first. Alfred pays Sarah $15,000 in 2018. In addition, in January 2018, Alfred pays Sarah $50,000, which is designated as being for her share of the marital property. Also, Alfred is responsible for all prior years' income taxes. Sarah's Social Security number is 123-45-6788. Alfred's salary for 2018 is $150,000. He is an executive working for Cherry, Inc. (Federal I.D. No. 98-7654321). As part of his compensation package, Cherry provides him with group term life insurance equal to twice his annual salary. His employer withheld $24,900 for Federal income taxes and $8,000 for state income taxes. The proper amounts were withheld for FICA taxes. Beulah recently graduated from law school and is employed by Legal Aid Society, Inc. (Federal I.D. No. 11-1111111), as a public defender. She receives a salary of $42,000 in 2018. Her employer withheld $7,500 for Federal income taxes and $2,400 for state income taxes. The proper amounts were withheld for FICA taxes. Alfred and Beulah had interest income of $500. Alfred and Beulah receive a $1,900 refund on their 2017 state income taxes. They itemized deductions on their 2017 Federal income tax return (total of $15,000). Alfred and Beulah pay $4,500 interest and $1,450 property taxes on their personal residence in 2018. Their charitable contributions total $2,400 (all to their church). They paid sales taxes of $1,400, for which they maintain the receipts. Both spouses had health insurance for all months of 2018 and do not want to contribute to the Presidential Election Campaign. Required: Compute the Olds' net tax payable (or refund due) for 2018. Use Form 1040 and Schedule 1 to complete this tax return. It may be necessary to complete the tax schedule and worksheet before completing Form 1040. Enter all amounts as positive numbers. If an amount box does not require an entry or the answer is zero, enter "0". Make realistic assumptions about any missing data. When computing the tax liability, do not round your immediate calculations. If required round your final answers to the nearest dollar
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