Question
Bea Jones (birthdate March 27, 1984) moved from Texas to Florida in December 2015. She lives at 654 Ocean Way, Gulfport, FL 33707. Bea's social
Bea Jones (birthdate March 27, 1984) moved from Texas to Florida in December 2015. She lives at 654 Ocean Way, Gulfport, FL 33707. Bea's social security number is 466-78-7359 and she is single. Her earnings and income tax withholding for 2016 for her job as a manager at a Florida shrimp processing plant are:
Earnings from the Gulf Shrimp Co. - $42, 175
Federal Income Tax withheld - 7,800
State income tax withheld - 0
Bea's other income includes interest on a savings account at Beach National Bank of $2,175 and $620 per month alimony from her ex-husband.
During 2016, Bea paid the following amounts (all of which can be substantiated):
Home mortgage interest - $8,780
Auto loan interest - 2,300
State sales tax - 820
Property taxes on personal residence - 3,233
Unreimbursed hospital bills - 3, 250
Doctor bills - 2,564
Other deductible medical expenses - 720
Income tax preparation fee - 600
Job hunting expenses - 925
Union Dues - 800
In July 2016, someone broke into Bea's house and stole a diamond ring she had purchased in 2004. The diamond ring had a fair market value of $11,000 and a tax basis to Bea of $7,700. The ring was uninsured.
Required: Complete Bea's federal tax return for 2016. Use Form 1040, Schedule A, Schedule B, and Form 4684. Make realistic assumptions about any missing data.
please answer these questions
QUESTION 1 Form 1040 Line 6a and 6b QUESTION 2 Form 1040 Line 6d QUESTION 3 Form 1040 Line 7 QUESTION 4 Form 1040 Line 8a QUESTION 5 Form 1040 Line 11 QUESTION 6 Form 1040 Line 22 QUESTION 7 Form 1040 Line 37 QUESTION 8 Form 1040 Line 38 QUESTION 9 Form 1040 Line 40 QUESTION 10 Form 1040 Line 41 QUESTION 11 Form 1040 Line 42 QUESTION 12 Form 1040 Line 43 QUESTION 13 Form 1040 Line 44 QUESTION 14 Form 1040 Line 47 QUESTION 15 Form 1040 Line 56 QUESTION 16 Form 1040 Line 63 QUESTION 17 Form 1040 Line 64 QUESTION 18 Form 1040 Line 74 QUESTION 19 Form 1040 Line 75 QUESTION 20 Form 1040 Line 76a QUESTION 21 Schedule A Line 1 QUESTION 22 Schedule A Line 2 QUESTION 23 Schedule A Line 3 QUESTION 24 Schedule A Line 4 QUESTION 25 Schedule A Line 5 QUESTION 26 Schedule A Line 6 QUESTION 27 Schedule A Line 9 QUESTION 28 Schedule A Line 10 QUESTION 29 Schedule A Line 15 QUESTION 30 Schedule A Line 20 QUESTION 31 Schedule A Line 21 QUESTION 32 Schedule A Line 22 QUESTION 33 Schedule A Line 24 QUESTION 34 Schedule A Line 25 QUESTION 35 Schedule A Line 26 QUESTION 36 Schedule A Line 27 QUESTION 37 Schedule A Line 29 QUESTION 38 Schedule B Line 1 QUESTION 39 Schedule B Line 2 QUESTION 40 Schedule B Line 4 QUESTION 41 Form 4684 Line A2 QUESTION 42 Form 4684 Line A5 QUESTION 43 Form 4684 Line A7 QUESTION 44 Form 4684 Line A8 QUESTION 45 Form 4684 Line A9 QUESTION 46 Form 4684 Line 10 QUESTION 47 Form 4684 Line 11 QUESTION 48 Form 4684 Line 12 QUESTION 49 Form 4684 Line 13 QUESTION 50 Form 4684 Line 16 QUESTION 51 Form 4684 Line 17 QUESTION 52 Form 4684 Line 18
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started