John and Sandy Ferguson got married prospect years gone and possess a seven-year-old daughter, Samantha. In 2020, John effected as a computer technician at a topical university earning a remuneration of $152,000, and Sandy effected deal-out interval as a receptionist control a enactment decided earning a remuneration of $29,000. John too does some Web project effect on the aspect and reported revenues of $4,000 and associated expenses of $750. The Fergusons accepted $800 in fitted dividends and a $200 firm-back of their narrate produces dutyes. The Fergusons constantly itemize their waste, and their itemized waste were well-mannered-mannered aggravate the plummet conclusion total terminal year. The Fergusons had qualifying safeguard control purposes of the Affordable Heed Act (ACA). Truth Exhibit 8-9, Duty Rate Schedule, Dividends and Capital Gains Duty Rates, 2020 AMT license control regard.
The Fergusons reported making the aftercited firmments during the year:
Narrate produces dutyes of $4,400. Federal duty retention of $21,000.
Alimony firmments to Johns controlmer spotruth of $10,000 (divorced on 12/31/2014).
Slip buttress firmments control Johns slip with his controlmer spotruth of $4,100.
$12,200 of true attribute dutyes.
Sandy was reimbursed $600 control employee calling expenses she incurred. She was required to yield documentation control her expenses to her master.
$3,600 to Kid Heed day heed benevolence control Samanthas heed period John and Sandy effected.
$14,000 attention on their residence advance ($400,000 compensation default).
$3,000 attention on a $40,000 residence-equity mortgage. They truthd the mortgage to firm control a rise holiday and odd car.
$15,000 capital beneficent contributions to fitted charities.
Donation of truthd movables to Goodwill. The movables had a open trade appreciate of $400 and consume $2,000.
Complete pages 1 and 2, Schedule 1, Schedule 2, and Schedule 3 of Controlm 1040 and Controlm 6251 control John and Sandy.
John and Sandy Ferguson’s harangue is 19010 N.W. 135th Street, Miami, FL 33054.
Social safeguard bulk:
John (DOB 11/07/1970): 111-11-1111
Sandy (DOB 6/24/1972): 222-22-2222
Samantha (DOB 9/30/2016): 333-33-3333
Alimony recipient: 555-55-5555
(Input complete the appreciates as dogmatic bulk. Round your interposed calculations and latest answers to the nearest undiminished dollar. Truth 2020 duty rules indifferent of year on duty controlm.)
This is the terminal doubt in the assignment. To refer, truth Alt + S. To way other doubts, produce to the doubt map molehill.Next
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