PLEASE HELP ME FILL THE W2 WITH INFO PROVIDED BELOW

Required information Comprehensive Problem 5-86 (LO 5-1, LO 5-2, LO 5-3) (Static) (The following information applies to the questions displayed below.) Ken is 63 years old and unmarried. He retired at age 55 when he sold his business, Understock.com. Though Ken is retired, he is still very active. Ken reported the following financial information this year. Assume Ken files as a single taxpayer. a. Ken won $1,200 in an illegal game of poker (the game was played in Utah, where gambling is illegal). b. Ken sold 1,000 shares of stock for $32 a share. He inherited the stock two years ago. His tax basis (or investment) in the stock was $31 per share. c. Ken received $25,000 from an annuity he purchased eight years ago. He purchased the annuity, to be paid annually for 20 years, for $210,000. d. Ken received $13,000 in disability benefits for the year. He purchased the disability insurance policy last year. e. Ken decided to go back to school to learn about European history. He received a $500 cash scholarship to attend. He used $300 to pay for his books and tuition, and he applied the rest toward his new car payment. f. Ken's son, Mike, instructed his employer to make half of his final paycheck of the year payable to Ken as a gift from Mike to Ken. Ken received the check on December 30 in the amount of $1,100. g. Ken received a $610 refund of the $3,600 in state income taxes his employer withheld from his pay last year. Ken claimed $12,250 in itemized deductions last year (the standard deduction for a single filer was $12,200). h. Ken received $30,000 of interest from corporate bonds and money market accounts. Comprehensive Problem 5-86 Part 2 (Static) Complete page 1 of Form 1040, Line 1-7b and Form 1040, Schedule 1, Lines 1-9 for ken. (Input all the values as positive numbers. Enter any non-financial information, (e.g. Names, Addresses, social security numbers) EXACTLY as they appear in any given information or Problem Statement.) 1040 for a single taxpayer. 1040 PG 1 Schedule 1 Department of the TreasuryInternal Revenue Form 1040 Service (99) 2019 OMB No. 1545-0074 IRS Use Only-Do not write or staple in this space U.S. Individual Income Tax Return Filing Status Single Married filing jointly Married filing separately (MFS) Head of household (HOH) Qualifying widow(er) (QW) Check only If you checked the MFS box, enter the name of spouse. If you checked the HOH or QW box, enter the child's name if the qualifying person is one box a child but not your dependent Your first name and middle initial Last name Your social security number (Enter as xxx-xx-xox) If joint return, spouse's first name and middle initial Spouse's social security number (Enter as XXX-XX- Last name Home address (number and street). If you have a P.O. box, see instructions. Apt. no. Presidential Election Campaign Check here if you, or your spouse if filing jointly, want $3 to go to this fund. Checking a box below will not change your tax or refund. City, town or post office, state, and ZIP code. If you have a foreign address, also complete spaces below (see instructions). You Spouse If more than four dependents, see instructions Foreign country name Foreign province/state/county Foreign postal code and here Someone can claim: You as a dependent Your spouse as a dependent Standard Deduction Spouse itemizes on a separate return or you were a dual-status alien Age/Blindness You: Dependents (see instructions): (1) First name Were born before January 2, 1955 Are blind (2) Social security number Spouse: Was born before January 2, 1955 Is blind (3) Relationship to you (4) Vif qualifies for (see instructions): Child tax credit Credit for other dependents Last name (Enter as xxx-xx-xxxx) Iyou: Were born before January 2, 1955 Are blind Age/Blindness Dependents (see instructions): (2) Social security number (Enter as XXX-XX-XXXX) -- Spouse: Was born before January 2, 1955 Is blind (3) Relationship to you (4) Vif qualifies for (see instructions) Child tax credit Credit for other dependents (1) First name Last name 1 Wages, salaries, tips, etc. Attach Form(s) W-2 1 2a Tax-exempt interest 2a 2b b Taxable interest. Attach Sch. B if required b Ordinary dividends. Attach Sch. B if required 3a Qualified dividends 3a 3b b Taxable amount 4b d d Taxable amount 4d b Taxable amount 5b 6 7a Standard 4a IRA distributions 4a Deduction for- 40 c Single or Married C Pensions and annuities filing separately, $12,200 5a Social security benefits 5 . Married filing jointly or 6 Capital gain or loss). Attach Schedule D if required. If not required, check here Qualifying 7a Other income from Schedule 1, line 9 widow(er), $24,400 Head of b Add lines 1, 2b, 36, 45, 40, 56, 6, and 7a. This is your total income household $18,350 8a Adjustments to income from Schedule 1, line 22 If you checked b Subtract line 8a from line 7b. This is your adjusted gross income any box under Standard 9 Standard deduction or itemized deductions (from Schedule A) Deduction, see instructions. 10 Qualified business income deduction. Attach Form 8995 or Form 8995-A 7b 0 . 8a 8b 9 10 11a Add lines 9 and 10 11a b Taxable income. Subtract line 11a from line 8b 11b For Disclosure, Privacy Act, and Paperwork Reduction Act Notice, see separate instructions. Cat. No. 11320B Form 1040 (2019) 1040 PG 1 Schedule 1 OMB No. 1545-0074 SCHEDULE 1 (Form 1040 or 1040-SR) Additional Income and Adjustments to Income 2019 Attach to Form 1040 or 1040-SR. Department of the Treasury nternal Revenue Service Attachment Sequence No. 01 Go to www.irs.gov/Form 1040 for instructions and the latest information. Name(s) shown on Form 1040 or 1040-SR Your social security number (Enter as XXX-XX-XXXX) Parti 1 1 Additional Income Taxable refunds, credits, or offsets of state and local income taxes Alimony received 1 2a 2a b 3 3 Date of original divorce or separation agreement (see instructions) Business income or (loss). Attach Schedule C Other gains or losses). Attach Form 4797 . Rental real estate, royalties, partnerships, S corporations, trusts, etc. Attach Schedule E 4 4 5 5 6 Farm income or (loss). Attach Schedule F 6 7 7 8 8 9 Unemployment compensation Other income. List type and amount Combine lines 1 through 8. Enter here and on Form 1040 or 1040-SR, line 7a Adjustments to Income Educator expenses 9 0 Part II 10 10 11 Certain business expenses of reservists, performing artists, and fee-basis government officials. Attach Form 2106 11 12 Health savings account deduction. Attach Form 8889 12 13 13 14 14 15 Moving expenses for members of the Armed Forces. Attach Form 3903 Deductible part of self-employment tax. Attach Schedule SE Self-employed SEP, SIMPLE, and qualified plans Self-employed health insurance deduction Penalty on early withdrawal of savings 15 16 16 17 17 18a Alimony paid 18a b Recipient's SSN Date of original divorce or separation agreement (see instructions) IRA deduction 19 19 20 Student loan interest deduction 20 21 Reserved for future use 21 22 Add lines 10 through 21. These are your adjustments to income. Enter here and on Form 1040 or 1040-SR, line 8a 22 For Paperwork Reduction Act Notice, see your tax return instructions. Cat. No. 71479F Schedule 1 (Form 1040 or 1040-SR) 2019 THIS FORM IS A SIMULATION OF AN OFFICIAL U.S. TAX FORM. IT IS NOT THE OFFICIAL FORM ITSELF. DO NOT USE THIS FORM FOR TAX FILINGS OR FOR ANY PURPOSE OTHER THAN EDUCATIONAL. 2020 McGraw-Hill Education