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If possible I need help with this problem. Thnxs in advance :) ...

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Accounting

If possible I need help with this problem. Thnxs in advance :)
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During the 2021 tax year, Thomas Payer ( SS 211-25-8598) ( 66 year old) received $14,900 in Social Security benefits. Also received $10,000 in tax-exempt interest income and has no for AGI deductions. His wife Lonnie Payer ( SS 212-65-8978) have 65 year old, and earned $26,500 from salary and tax withheld of $2,590. Thomas worked only 4 months of the year and earned $15,200, and tax withheld $1,180. After that he retired forever. Tomas began receiving benefits under a Annuity. He received his first payment in May. The monthly_payment is $1,500. He contributed $40,000. Lonnie has a Certificate of Deposit in the State Bank that generated $600 in interest revenue. Instructions: 1. Prepare Form 1040SR and applied all theory related to Annuities, Pensions, Social Security and other sources of income. Also applied the deductions, exemptions, etc , studied in cahpater 1 and 2 . Don't forget the ages. HINTS: A. Used the Simplified Method, Social Security Worksheet

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