Daniel, age 54 and Avery, age 53, are married. They clect to file Married Filing...
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Daniel, age 54 and Avery, age 53, are married. They clect to file Married Filing Jointly . Daniel is retired. He received Social Security benefits, a pension, and wages from a part-time job. . Avery was a ful-time elementary school teacher and paid $700 out of pocket for classroom supplies Avery is paying off a student loan that she took out when she attended colege for her bachelor's degree. Daniel and Avery have two sons, Jackson, age 19 and Matthew, age 16. Matthew lived at home the entire year. Jackson is a full-time colege student in his second year of study. He is pursuing a degree in Accounting and does not have a felony drug conviction. He received a Form 1098-T for 2019. Box 2 was not filled in and Box 7 was not checked Jackson lived in an apartment near campus during the school year and spent the summer at home with his parents Jackson received a scholarship and the terms require that it be used to pay tuition Daniel and Avery paid the cost of Jackson's tuition and course-related books in 2020 not covered by scholarship. They paid $90 for a parking sticker $4,500 for a meal plan, $500 for textbooks purchased at the college bookstore, and $100 for access to an online textbook . Daniel and Avery paid more than half the cost of maintaining a home and support for Jackson and Matthew Daniel and Avery do not have enough deductions to bemize on their federal tax return. They made a charitable contribution in the amount of $350 cash and they have a recept for it The Emorys made four timely estimated tax payments of $125 each for the year 2020 The Emorys received a $2,900 Economic Impact Payment (EIP) in 2020. . Daniel and Avery receive a refund, they would like to deposit it into their checking account. Documents from County Bank show that the routing number is 111000025. Their checking account number is 11337890 Directions Read the scenario information for Daniel and Avery Emory beginning on page 38 11. Daniel and Avery's standard deduction is: a $24 800 b. 526,100 c. $26.450 d. $27 400 12. What is the total amount of adjustments on the Emory tax retum? $_935 13. Daniel and Avery's total qualified education expenses used to calculate the American opportunity creditare $2,500. a. True b. False 14. Daniel and Avery can claim the child tax credit for Matthew. a. True b. False 15. Which of the following tems are included in the total payments on Daniel and Avery's tax retur? a. Federal income tax withheld from Forms W-2 and 1099 b. $600 estimated tax payment c. Refundable credits d. All of the above 16. The taxable amount of Daniel's Social Security is $7,500 a True b. False 17. Attendance at school is considered a temporary absence and those months are counted as time that Jackson ived with his parents for the earned Income credit a. True b. False
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