25 Federal income tax withheld from:
a Form(s) W-2 . . . . . . . . . . . . . . . . . 25a
b Form(s) 1099 . . . . . . . . . . . . . . . . 25b
c Other forms (see instructions) . . . . . . . . . . 25c
d Add lines 25a through 25c . . . . . . . . . . . . . . . . . . . 25d
26 2020 estimated tax payments and amount applied from 2019 return . . 26
27 Earned income credit (EIC) . . . . . . . . . . .
• If you have
a qualifying
child, attach
Sch. EIC.
• If you have
nontaxable
combat pay,
see
instructions.
27
28 Additional child tax credit. Attach Schedule 8812 . . 28
29 American opportunity credit from Form 8863, line 8 . 29
30 Recovery rebate credit. See instructions . . . . . 30
31 Amount from Schedule 3, line 13 . . . . . . . . 31
32
Add lines 27 through 31. These are your total other payments and
refundable credits . . . . . . . . . . . . . . . . . . . . . ? 32
33 Add lines 25d, 26, and 32. These are your total payments . . . . . ? 33
Go to www.irs.gov/Form1040SR for instructions and the latest information. Form 1040-SR (2020 )
14,050
14,050
6,200
623
623
623
623
1,197
1,197
1,197
Solutions for Questions and Problems – Chapter 1 1-9
Comprehensive Problem 1B, cont.
August 18, 2020
DO NOT FILE
DRAFT AS OF
Form 1040-SR (2020) Page 3
Refund 34
If line 33 is more than line 24, subtract line 24 from line 33. This is the
amount you overpaid . . . . . . . . . . . . . . . . . . . . . 34
35
a
Amount of line 34 you want refunded to you. If Form 8888 is attached,
check here . . . . . . . . . . . . . . . . . . . . . . . ? 35a
Direct deposit?
See
instructions.
? b Routing number ? c Type:
Checking Savings
? d Account number
36
Amount of line 34 you want applied to your 2021
estimated tax . . . . . . . . . . . . . . .
? 36
Amount
You Owe
For details on
how to pay,
see
instructions.
37 Subtract line 33 from line 24. This is the amount you owe now . . . ? 37
Note: Schedule H and Schedule SE filers, line 37 may not represent all of
the taxes you owe for 2020. See Schedule 3, line 12e, and its
instructions for details.
38 Estimated tax penalty (see instructions) . . . . .
?
38
Third Party
Designee
Do you want to allow another person to discuss this return with the IRS? See
instructions . . . . . . . . . . . . . . . . . . . . . ? Yes. Complete below. No
Designee’s
name ?
Phone
no. ?
Personal identification
number (PIN) ?
Sign
Here
Joint return?
See instructions.
Keep a copy for
your records.
Under penalties of perjury, I declare that I have examined this return and accompanying schedules and statements, and to the best of
my knowledge and belief, they are true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information
of which preparer has any knowledge.
Your signature
Date Your occupation If the IRS sent you an Identity
Protection PIN, enter it here
(see inst.)
Spouse’s signature. If a joint return, both must sign.
?
Date Spouse’s occupation If the IRS sent your spouse an
Identity Protection PIN, enter it here
(see inst.)
Phone no. Email address
Paid
Preparer
Use Only
Preparer’s name Preparer’s signature Date PTIN Check if:
Self-employed
Firm’s name ? Phone no.
Firm’s address ? Firm’s EIN ?
Go to www.irs.gov/Form1040SR for instructions and the latest information. Form 1040-SR (2020 )
Parking Attendant
574
574
1-10 Chapter 1 – The Individual Income Tax Return
Comprehensive Problem 2A
August 18, 2020
DO NOT FILE
DRAFT AS OF
DRAFT AS OF
Form
1040 2020
U.S. Individual Income Tax Return
Department of the Treasury—Internal Revenue Service (99)
OMB No. 1545-0074 IRS Use Only—Do not write or staple in this space.
Filing Status
Check only
one box.
Single Married filing jointly Married filing separately (MFS) Head of household (HOH) Qualifying widow(er) (QW)
If you checked the MFS box, enter the name of your spouse. If you checked the HOH or QW box, enter the child’s name if the qualifying
person is a child but not your dependent ?
Your first name and middle initial Last name Your social security number
If joint return, spouse’s first name and middle initial Last name Spouse’s social security number