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Can someone please answer the forms from the questions attached please? For Part I (due in Week 3), you are asked to use the introductory

Can someone please answer the forms from the questions attached please?

image text in transcribed For Part I (due in Week 3), you are asked to use the introductory sentence about the taxpayer and complete paragraph items 12, 13, 14, 16, and 17. You will also need to read the requirements and note that the taxpayer is not making a contribution to the Presidential Campaign Fund. Determine the forms to be completed. The forms are also located in Appendix B of the eBook. Once completed, save your form(s) with the format Your Last Name-formname.pdf (e.g., Smith-f2106.pdf). Submit your assignment to the Week 3 Course Project Dropbox. 12. Although the Johnsons had several Schedule D transactions during 2014, they ended up with a net shortterm capital loss of $7,000. Of this loss, $3,000 was deducted in 2014, and $4,000 carried over to 2015. 13. For several years, Sheri's widowed mother, Vivian Olson, has lived with the Johnsons and has been claimed by them as a dependent. On December 30, 2014, Vivian suffered a heart attack. After six days in the ICU of a local hospital, Vivian died. In early February 2015, the Johnsons paid the following expenses related to Vivian: Burial expenses $4,400 Medical expenses incurred in 2014 4,200 Medical expenses incurred in 2015 3,100 Remainder of church pledge for 2015 600 Fortunately, the balance of Vivian's medical expenses ($11,900) was covered by insurance. Besides personal and household effects, Vivian's major asset was life insurance. As the designated beneficiary of the policy, Sheri received $20,000 of death benefits on March 13, 2015. 14. Besides the items already mentioned, the Johnsons had the following receipts during 2015: Interest income: City of Cheyenne general purpose bonds $1,900 CD at Wells Fargo Bank 1,100 Money market account at Bank of America 400 Yard (garage) sale 950 Qualified dividends on Meadowlark Corporation common stock 700 Jury duty fees 420 The yard sale involved used furniture, appliances, books, toys, and other household goods having an estimated original cost value of $1,800. In connection with her jury duty assignment in June, Sheri drove the Suburban 40 miles and incurred expenses of $30 for parking and $45 for meals. 16. Besides Vivian (see item 13), the Johnsons' household includes two daughters, Meredith (age 19) and Kirby (age 18), and one son, Toby (age 17). Kirby and Toby are full-time students in high school. Meredith graduated a year ago and earned $9,000 working part time during 2015. She deposited these earnings in a savings account, hoping someday to attend college. 17. For tax year 2014, the Johnsons had an overpayment of $150, which they applied toward their 2015 income tax. Sheri's income tax withholdings for the year are $5,100, and the Johnsons made Federal quarterly tax payments totaling $16,000 ($4,000 each installment)

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