Question
Appendix E: Kytrina Casio Information For your fifth client, your boss wants you to prepare Form 1040, Schedule A, B, and supporting forms (4684) for
Appendix E: Kytrina Casio Information For your fifth client, your boss wants you to prepare Form 1040, Schedule A, B, and supporting forms (4684) for Kytrina Casio. Facts: Kytrina is a 30-year old single person. She is a graphic artist who also works in an antique store on weekends. No one else can claim Kytrina as a dependent. For 20XX, she had the following information: Taxpayer: Kytrina Casio 123 Park Avenue Flowers, TX 75000 Social Security No. 123-45-6789 INCOME: W-2 from 1st employer Gross wages income: $13,164 Federal Withholding $ 921 W-2 from 2d employer Gross wages income: $50,000 Federal withholding $ 9,500 Interest income from bank $ 132 Interest income from brokerage firm $ 2,100 Ordinary "qualified" dividends from large U.S. corporation: $ 3,000 POSSIBLE DEDUCTIONS: Mortgage interest paid $ 6,700 State and local income taxes paid $ 1,400 Charitable contributions to a 501(c)(3) charity $ 1,800 Casualty loss, her garage was destroyed by fire. Cost and fair market value were $ 9,000 Insurance pay out for the garage fire: $ 3,000 Property taxes on her home $ 2,600 Using these fact, prepare Form 1040, Schedules A, & B for Kytrina for the most recent year for which there is a form (this is almost always the year prior to the present year). Remember to consider both the standard deduction vs. itemized deduction, and the personal exemption, if any. Also, you may need other forms, such as the 4684 and instructions
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