Question
Alice Johnson (SSN 222-23-3334) is a single taxpayer and is employed as a secretary by the State University of Florida. She has the following items
Alice Johnson (SSN 222-23-3334) is a single taxpayer and is employed as a secretary by the State University of Florida. She has the following items pertaining to her income tax return for the current year:
-Received $30,000 salary from her employer, who withheld $4,200 federal income tax.
-Received a gift of 1,000 shares of Ace Corporation stock with a $100,000 FMV from her mother. She also received $4,000 of cash dividends from the Ace Corporation. The dividends are qualified dividends.
-Received $1,000 of interest income on bonds issued by the City of Tampa.
-Received a regular stock dividend (nontaxable under Sec. 305) of 50 shares of Ace Corporation stock with $5,000 FMV.
-Alice's employer paid $2,000 of medical and health insurance premiums on her behalf.
-Received $13,000 alimony from her ex-husband.They divorced on August 1 ,2014
-State University provided $60,000 of group term life insurance. Alice is 42 years old and is not a key employee. The table in the text is applicable.
-Received $1,000 cash award from her employer for being designated the Secretary of the Year.
-Total itemized deductions are $10,000.
Complete Form 1040 and the accompanying schedules for Alice Johnson's 2019 return
https://www.irs.gov/pub/irs-pdf/f1040.pdf
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