Question: Note: This problem is for the tax year.Lance H . and Wanda B . Dean are married and live at 4 3 1 Yucca Drive,

Note: This problem is for the tax year.Lance H. and Wanda B. Dean are married and live at 431 Yucca Drive, Santa Fe, NM 87501. Lance works for the convention bureau of the local Chamber of Commerce, and Wanda is employed part-time as a paralegal for a law firm.During , the Deans had the following receipts:Line Item DescriptionAmountAmountSalaries ($60,000 for Lance, $43,000 for Wanda)$103,000Interest incomeCity of Albuquerque general purpose bonds$1,000Ford Motor company bonds1,100Ally Bank certificate of deposit400Total2,500Child support payments from John Allen7,200Annual gifts from parents26,000Settlement from Roadrunner Touring Company90,000Lottery winnings600Federal income tax refund (for tax year )400Wanda was previously married to John Allen. When they divorced several years ago, Wanda was awarded custody of their two children, Penny and Kyle. (Note: Wanda has never issued a Form 8332 waiver.) Under the divorce decree, John was obligated to pay alimony and child supportthe alimony payments were to terminate if Wanda remarried.In July, while going to lunch in downtown Santa Fe, Wanda was injured by a tour bus. Because the driver was clearly at fault, the owner of the bus, Roadrunner Touring Company, paid her medical expenses (including a one-week stay in a hospital). To avoid a lawsuit, Roadrunner also transferred $90,000 to her in settlement of the personal injuries she sustained.The Deans had the following expenditures for :Line Item DescriptionAmountAmountMedical expenses (not covered by insurance)$7,200TaxesProperty taxes on personal residence$3,600State of New Mexico income tax (includes amount withheldfrom wages during )4,200Total7,800Interest on home mortgage (First National Bank)6,500Charitable contributions (cash)3,600Life insurance premiums (policy on Lance's life)1,200Contribution to traditional IRA (on Wanda's behalf)6,500Traffic fines300Contribution to the reelection campaign fund of the mayor of Santa Fe500Funeral expenses for Wayne Boyle6,300The life insurance policy was taken out by Lance several years ago and designates Wanda as the beneficiary. As a part-time employee, Wanda is excluded from coverage under her employer's pension plan. Consequently, she provides for her own retirement with a traditional IRA obtained at a local trust company. Because the mayor is a member of the local Chamber of Commerce, Lance felt compelled to make the political contribution.The Deans' household includes the following, for whom they provide more than half of the support:Line Item DescriptionSocial Security NumberBirth DateLance Dean (age 42)123-45-678612/16/1981Wanda Dean (age 40)123-45-678708/08/1983Penny Allen (age 19)123-45-678810/09/Kyle Allen (age 16)123-45-678005/03/Wayne Boyle (age 75)123-45-678506/15/1948Penny graduated from high school on May 9,, and is undecided about college. During , she earned $8,500(placed in a savings account) playing a harp in the lobby of a local hotel. Wayne is Wanda's widower father who died on December 20,. For the past few years, Wayne qualified as a dependent of the Deans.Federal income tax withheld is $3,900(Lance) and $1,600(Wanda). The proper amount of Social Security and Medicare tax was withheld.Required:Determine the Federal income tax for for the Deans on a joint return by completing the appropriate forms. Use Form 1040 and Schedule 1 to complete this tax return. They do not own and did not use any digital assets during the year, and they do not want to contribute to the Presidential Election Campaign Fund. If an overpayment results, it is to be refunded to them.Make realistic assumptions about any missing data.Enter all amounts as positive numbers.If an amount box does not require an entry or the answer is zero, enter "0".Use the tax rate schedules included with this problem. When computing the tax liability, do not round your immediate calculations. If required, round your final answers to the nearest dollar.
**I need help filling out form 1040 and schedule 8812

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