1. Calculate for AGI

2. Which items are included in taxable income or not.

3. 2022 Tax liability

**Please use or attach Excel to solve these questions** THANK YOU

Andor is a Texas resident, age 55. He has no dependents. He has the following income considerations in 2022 (listed in no particular order):

a) Gross salary (wage) is $78,500.

b) Enrolled in a highdeductible health care plan. Premiums are $400 monthly.

c) The employer contributes $100 per month to Andors Health Savings Account HSA.

d) Andor expects to contribute $2,000 to his HSA on March 16, 2023, before his 2022 tax return is due on April 15. 2023.

e) Andors employer matches 6% in 401(k) for an employee contribution of 6%. Andor contributes 8% to his 401(k).

f) Andor paid $14,000 for a qualified annuity in 2018 when his life expectancy would be 20 years. He receives $200 per month.

g) Andor received a state tax refund of $600 in April, from 2021s tax return filing. He did not itemize in 2021.

h) Andor bought 300 shares of 3M stock in 2017 for $27,000.

i) 3M paid qualified dividends of $900 in 2022. j) Andor sold 200 shares of his 3M stock for $21,600 in September.

k) Andor has $125,000 invested in a moneymarket savings account that pays 2% interest annually.

l) Inherited South Dakota farmland on April 29; the FMV of the land is $400,000.

m) The farmland is under lease, and the farmer using the SD farmland pays $4,000 per month in rent.

n) Andor bought St. Paul, MN municipal bonds in 2020 for $30,000.

o) The Municipal bonds paid interest of $1,200.

p) Andor sold St. Paul, MN bonds on December 1 for $29,000.

q) Andor is one of four equal partners in a rental partnership. The partnership expects to earn $45,000 total each year. The partnership will distribute 25% of income for tax purposes.