Ann Johnson is a single taxpayer and is employed as a secretary by State University of Texas. She has the following items pertaining to her income tax return for the current year:

Received a $20,000 salary from her employer, who withheld $3,000 federal income tax

Received a gift of 1,000 shares of Beta Corporation Stock with a $100,000 FMV from her mother. She also received $4,000 of cash dividends from the Beta Corporation. The dividends are qualified dividends.

Received $1,000 of interest income on bonds issues by the City of Tyler Texas

Received a regular stock dividend (nontaxable under Sec. 305) of 50 shares of Beta Corporation stock with a $5,000 FMV

Anns employer paid $2,000 of medical and health insurance premiums on her behalf

Received $12,000 alimony from her ex-husband

State University provided $50,000 of group term life insurance. Ann is 42 years old and is not a key employee (consult insurance table to calculate tax liability)

Received a $1,000 cash award from her employer for being designated Secretary of the Year

Total itemized deductions are $8,000

Complete Form 1040 and accompanying schedules for Anns federal income tax return for the current year.