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! 1 Required information (The following information applies to the questions displayed below.) Skipped Shauna Coleman is single. She is employed as an architectural designer
! 1 Required information (The following information applies to the questions displayed below.) Skipped Shauna Coleman is single. She is employed as an architectural designer for Streamline Design (SD). Shauna wanted to determine her taxable income for this year (2021). She correctly calculated her AGI. However, she wasn't sure how to compute the rest of her taxable income. She provided the following information with hopes that you could use it to determine her taxable income. eBook a. Shauna paid $4,704 for medical expenses for care related to a broken ankle. Also, Shauna's boyfriend, Blake, drove Shauna (in her car) a total of 115 miles to the doctor's office so she could receive care for her broken ankle. b. Shauna paid a total of $3,460 in health insurance premiums during the year (not through an exchange). SD did not reimburse any of this expense. Besides the health insurance premiums and the medical expenses for her broken ankle, Shauna had Lasik eye surgery last year and paid $3,060 for the surgery (she received no insurance reimbursement). She also incurred $474 of other medical expenses for the year. C. SD withheld $1,860 of state income tax, $7,555 of Social Security tax, and $14,740 of federal income tax from Shauna's paychecks throughout the year. d. In 2021, Shauna was due a refund of $274 for overpaying her 2020 state taxes. On her 2020 state tax return that she filed in April 2021, she applied the overpayment toward her 2021 state tax liability. She estimated that her state tax liability for 2021 will be $2,360 e. Shauna paid $3,260 of property taxes on her personal residence. She also paid $524 to the developer of her subdivision because he had to replace the sidewalk in certain areas of the subdivision. f. Shauna paid a $224 property tax based on the state's estimate of the value of her car. g. Shauna has a home mortgage loan in the amount of $232,000 that she secured when she purchased her home. The home is worth about $412,000. Shauna paid interest of $12,540 on the loan this year. h. Shauna made several charitable contributions throughout the year. She contributed stock in ZYX Corporation to the Red Cross. On the date of the contribution, the fair market value of the donated shares was $1,240 and her basis in the shares was $496. Shauna originally bought the ZYX Corporation stock in 2009. Shauna also contributed $324 cash to State University and religious artifacts she has held for several years to her church. The artifacts were valued at $524 and Shauna's basis in the items was $324. Shauna had every reason to believe the church would keep them on display indefinitely. Shauna also drove 200 miles doing church-related errands for her minister. Finally, Shauna contributed $1,260 of services to her church last year. i. Shauna paid $274 in investment advisory fees and another $174 to have her tax return prepared (that is, she paid $174 in 2021 to have her 2020 tax return prepared). j. Shauna is involved in horse racing as a hobby. During the year, she won $2,560 in prize money and incurred $12,400 in expenses. She has never had a profitable year with her horse-racing activities, so she acknowledges that this is a hobby for federal income tax purposes. k. Shauna sustained $2,060 in gambling losses over the year (mostly horse-racing bets) and had only $224 in winnings. b-2. Complete page 1 of Form 1040 (through taxable income, line 15) and Schedule A assuming her AGI is $219,000. (Input all the values as positive numbers. Enter any non-financial information, (e.g. Names, Addresses, social security numbers) EXACTLY as they appear in any given information or Problem Statement. Use 2021 tax rules regardless of year on form.) Shauna's address is 19010 N.W. 135th Street, Miami, FL 33054. 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SCHEDULE A Form 104-1 Itemized Deductions Co to www.golchedule tortruction and the tormation Defter Attach toon 1040 or 1940-5 This Sun Cachor you will nom, radice Names.com 100C 100-SR Shauna Coleman Medical Cration: Darlindude pribud gradby and Dental 1 Medical and cap Expencec Euromom 1040 10-11 2 Multiply line 2 by (007 Subinderi 1. in line 1 Taxes You Sale Paid Send me and also ou may include the income nown, but both. If you need to deal hoida Acheter NL UT Your calcurity rumber 111-11-1111 dak Sb 9 9 Septy Ante Sort.com Other Land 3 7 Interest You Pald TAS ulsalariants build, or in your commercio check Home and prepared to you on om 10 ruchome Horrel reported to you anlam 1. Sendirilec.pl pentrum ufumy leghat he has, radna daw hapenare, cardbyes Eruthere a ruled an Bc Bd 10 Spored to you can to 100 Series for the Marie primerudi Hd reari ta Ithirugi ... 9. Achom42. Sedie Tu need Gifts to 11 back you made my sido 11 Charity 12 here by you medewy , audio ! wachomes for 3500 Cruharr: f you - Grador 14 Add in 11 Theoch Casualty and 15 Caddy bar Allahoma Theft Logo from 18 mm Other 18 Chroma Itemid Deductions 17 14 15 18 Total IT Add the one in the column for shoh 18. no 1040 1040-12 17 Itemized Deduction ra de lelarunaduccess Harifughteyasia fuan your adecanc stdcri, data For perwork leduction Act Notice the intructions for tem 10 and 1090-SIL CL. 171450 Schedule Afro 1040 2020 THIS POIS A SIMULATION OF AN OFFICIAL US. IAX CHIENOITHE COFFICIAL PROM 22. DO NDI USE THIS FOR LAXFILINCSOK FOR ANYUCUS CHER THAN EDUCATIONAL W2021 McDil Education
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