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Business, 18.02.2021 21:00 Auttyrain7596

Carl Conch and Mary Duval are married and file a joint return. Carl works for the Key Lime Pie Company and Mary is a homemaker after losing her job in 2019. Carl's birthdate is June 14, 1974 and Mary's is October 2, 1974. Carl received a W-2 from his employer (see separate tab). Carl and Mary received Form 1099-INT from the Coral Reef Bank and Form 1099-DIV from Southwest Corporation (see separate tab). Mary is divorced and she pays her ex-husband (Tom Tortuga) child support. Pursuant to their 2017 divorce decree, Mary pays Tom $500 per month in child support. All payments were made on time in 2020. In June of 2020, Mary's father gave her a cash gift of $75,000. Mary also received unemployment compensation as shown on the Form 1099-G (see separate tab). Mary won a $775 prize in a women's club raffle in 2020. No income tax was withheld from the prize. The Key Lime Pie Company provides Carl with a company car to drive while he is working. The Company spent $6,475 to maintain this vehicle during 2020. Carl never uses the car for personal purposes. The Key Lime Pie Company also provides a cafeteria for all employees on the factory premises. Other restaurants exist in the area and so Carl is not required to eat in the cafeteria, but he typically does. The value of Cari's meals is $650 in 2020. Complete Carl and Mary's Form 1040 and Schedule 1 for 2020. The taxpayers had health care coverage the entire year. Only Carl wants to make a contribution to the presidential election campaign. Make any other realistic assumptions about any missing data. If an amount box does not require an entry or the amount is zero, enter "0". Enter all amounts as positive numbers. If required, round amounts to the nearest dollar.

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Carl Conch and Mary Duval are married and file a joint return. Carl works for the Key Lime Pie Compa...
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