• Jeff, age 68 and Claire, age 63 elect to file Married Filing Jointly. Neither taxpayer is blind. • Jeff is retired. He received Social Security benefits and a pension. • Jeff and Claire's daughter Shelby, age 19, is a full-time college student in her second year of study. She is pursuing a degree in foreign studies and does not have a felony drug conviction. She received a Form 1098-T for 2022. Box 7 was not checked on her Form 1098-T for the previous tax year. • Shelby spent the summer at home with her parents but lived in an apartment near campus during the school year. • Shelby received a scholarship and the terms require that it be used to pay tuition. Jeff and Claire paid the cost of Shelby’s tuition and course-related books in 2022 not covered by scholarship. They paid $120 for a parking sticker, $5,500 for a meal plan, $750 for textbooks purchased at the college bookstore, and $100 for access to an online textbook. • Jeff and Claire paid more than half the cost of maintaining a home and support for Shelby. • Jeff and Claire do not have enough deductions to itemize on their federal tax return. • Jeff, Claire, and Shelby are U.S. citizens and have valid Social Security numbers. They all lived in the United States for the entire year. • If Jeff and Claire receive a refund, they would like to deposit it into their checking account. Documents from Baldwin Bank show that the routing number is 111000025. Their checking account number is 11337890. 14. Jeff and Claire's standard deduction amount is $27,300. T/F 15. Jeff and Claire's total qualified education expenses used to calculate the American Opportunity Credit is $ _______________. 16. Jeff and Claire Pickens can claim the Credit for Other Dependents. (T/F) 17. What is the total amount of the Pickens's federal income tax withholding. 18. The taxable amount of Jeff’s Social Security is $12,000.00. (T/F)
• Jeff, age 68 and Claire, age 63 elect to file Married Filing Jointly. Neither taxpayer is blind.
• Jeff is retired. He received Social Security benefits and a pension.
• Jeff and Claire's daughter Shelby, age 19, is a full-time college student in her second year of study. She is pursuing a degree in foreign studies and does not have a felony drug conviction. She received a Form 1098-T for 2022. Box 7 was not checked on her Form 1098-T for the previous tax year.
• Shelby spent the summer at home with her parents but lived in an apartment near campus
during the school year.
• Shelby received a scholarship and the terms require that it be used to pay tuition. Jeff and Claire paid the cost of Shelby’s tuition and course-related books in 2022 not covered by scholarship. They paid $120 for a parking sticker, $5,500 for a meal plan, $750 for textbooks purchased at the college bookstore, and $100 for access to an online textbook.
• Jeff and Claire paid more than half the cost of maintaining a home and support for Shelby.
• Jeff and Claire do not have enough deductions to itemize on their federal tax return.
• Jeff, Claire, and Shelby are U.S. citizens and have valid Social Security numbers. They all lived in the United States for the entire year.
• If Jeff and Claire receive a refund, they would like to deposit it into their checking account.
Documents from Baldwin Bank show that the routing number is 111000025. Their checking account number is 11337890.
14. Jeff and Claire's standard deduction amount is $27,300. T/F
15. Jeff and Claire's total qualified education expenses used to calculate the American Opportunity Credit is $ _______________.
16. Jeff and Claire Pickens can claim the Credit for Other Dependents. (T/F)
17. What is the total amount of the Pickens's federal income tax withholding.
18. The taxable amount of Jeff’s Social Security is $12,000.00. (T/F)
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