Question: This problem is for the 2022 tax year. Lance H. and Wanda B. Dean are married and live at 431 Yucca Drive, Santa Fe, NM

This problem is for the 2022 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 local Chamber of Commerce, and Wanda is employed part-time as a paralegal for a law firm. During 2022, the Deans had the following receipts: Salaries ($60,000 for Lance, $42,500 for Wanda) $102,500 Interest income- I City of Albuquerque general purpose bonds $1,000 Ford Motor company bonds 1,100 Ally Bank certificate of deposit 400 2,500 Child support payments from John Allen 7,200 Annual gifts from parents 26,000 Settlement from Roadrunner Touring Company 90,000 Lottery winnings 600

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