a-1. Assume Shauna's AGI is $118,000. Determine Shauna's taxable income
b-1. Assume Shauna's AGI is $218,000. Determine Shauna's taxable income..
Shauna Coleman is single. She is employed as an architectural designer for Streamline Design (SD). Shauna wanted to a. Shauna paid $4,702 for medical expenses for care related to a broken ankle in October. 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 $3,455 in health insurance premiums during the year (not through an exchange). SD did not Shauna had Lasik eye surgery last year and paid $3.055 for premiums and the medical expenses for her broken ankle, She also incurred $472 of other medical expenses for the year. c. SD withheld $1,855 of state income tax, $7,550 of Social Security tax, and $14,720 of federal income tax from Shauna's paychecks throughout the year. d. In 2022, Shauna was due a refund of $272 for overpaying her 2021 state taxes, On her 2021 state tax return that she filed in April 2022 , she applied the overpayment toward her 2022 state tax llability. She estimated that her state tox llability for 2022 will be $2,355. e. Shauna paid $3,255 of property taxes on her personal residence. She also paid $522 to the developer of her subdivision because he had to replace the sidewalk in certain areas of the subdivision. f. Shauna paid a $222 property tax based on the state's estimate of the value of her car. 9. Shauna has a home mortgage loan in the amount of $231,000 that she secured when she purchased her home. The home is worth about $411,000. Shauna paid interest of $12,520 on the loan this year. h. Shauna made several charitable contributions throughout the year. She contributed stock in ZYX Corporation to the Red 1. Shauna paid a $L property tax based on the state's estimate of the value of her car. 9. Shauna has a home mortgage loan in the amount of $231,000 that she secured when she purchased her home. The home is worth about $411,000. Shauna paid interest of $12,520 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 $1,220 and her basis in the shares was $488. Shauna originally bought the ZYX Corporation stock in 2009 . Shauna also contributed $322 cash to State University and religious artifacts she has held for several years to her church. The artifacts were valued at $522 and Shauna's basis in the items was $322. 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 $1,255 of services to her church last year. i. Shauna paid $272 in investment advisory fees and another $172 to have her tax return prepared (that is, she paid $172 in 2022 to have her 2021 tax return prepared). j. Shauna is involved in horse racing as a hobby. During the year, she won $2,555 in prize money and incurred $12,200 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 $2,055 in gambling losses over the year (mostly horse-racing bets) and had only $222 in winnings. a-1. Assume Shauna's AGI is $118,000. Determine Shauna's taxable income. Note: Round your intermediate calculations to the nearest whole dollar amount. Cross. On the date of the contrib contributions throughout the year. She contributed stor shares was $488. Shauna originally bought the ZYX Corporation stock in 2009. Shauna State University and religious artifacts she has held for several years to her church. The and Shauna's basis in the items was $322. Shauna had every reason to believe the churc indefinitely. Shauna also drove 200 miles doing church-related errands for her minister. I $1,255 of services to her church last year. i. Shauna paid $272 in investment advisory fees and another $172 to have her tax return pre in 2022 to have her 2021 tax return prepared). j. Shauna is involved in horse racing as a hobby. During the year, she won $2,555 in prize me expenses. She has never had a profitable year with her horse-racing activities, so she ackni for federal income tax purposes. k. Shauna sustained $2,055 in gambling losses over the year (mostly horse-racing bets) and ha b-1. Assume Shauna's AGI is $218,000. Determine Shauna's taxable income