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Assume the taxpayer does NOT wish to contribute to the Presidential Election Fund, unless otherwise stated in the problem. In addition, the taxpayers did NOT

Assume the taxpayer does NOT wish to contribute to the Presidential Election Fund, unless otherwise stated in the problem. In addition, the taxpayers did NOT receive, sell, send, exchange, or otherwise acquire any financial interest in any virtual currency during the year. Maribel Gomez is a single taxpayer. Maribel's SSN is 412-34-5670, and lives at 5037 Circle Court, Crestview, IL 60543. Maribel is a supervisor and whose 2021 W2 shows gross wages of $94,850 with $5,881 of social security

Maribel Gomez is a single taxpayer. Maribel's SSN is 412-34-5670, and lives at 5037 Circle Court, Crestview, IL 60543. Maribel is a supervisor and whose 2021 W2 shows gross wages of $94,850 with $5,881 of social security and $1,375 of Medicare taxes withheld. Maribel has $14,500 of federal withholding and $2,595 in state withholding. Maribel does not itemize. Maribel had the following stock transactions for the year:

Stock Shares Date Purchased Date Sold Sale Price Cost Basis
5,500 7/8/20 9/12/21 $ 15,000 $ 18,000
800 3/12/21 10/21/21 43,000 47,000
2,800 2/13/14 10/21/21 30,000 22,000

Maribel also has interest from a savings account with Local Neighborhood Bank of $250 and a dividend from a Form 1099-DIV of $1,600 in ordinary dividends received from ABC brokerage, of which $1,350 are considered qualified dividends.

Required:

Prepare a 2021 Form 1040 for Maribel and all related schedules and forms. Assume that each box 3 of the 1099-Bs was not checked for all sales transactions. Use the appropriate Tax Tables and Tax Rate Schedules.

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