Case Information Mya Lucky Day was unable to work in 2018 (thanks to a workplace injury sustained last year); nonetheless, she still amassed a material amount of gross income in 2018 from various sources. Mya has asked for your assistance in determining how much of the $511,830 gross income she realized in 2018 must also be recognized as taxable income on her 2018 individual income tax return.She also needs help with the proper presentation of the recognized income amounts on her Form 1040 and Schedule 1. Directions Compute Recognized Gross Income DownloadApplication Assignment - Gross Income.docx. Input the amount of Mya's 2018 recognized gross income (i.e. taxable income) from each source using the "Amount Recognized" column of the table provided in the PBC information (enter 0 if applicable). Prepare Schedule 1, Lines 10 - 22 DownloadSchedule 1 - Gross Income Practical Application.pdf. Complete the "Additional Income" section of Mya's 2018Schedule 1 (i.e. Lines 10 - 22). Prepare Form 1040, Lines 1 - 6 DownloadForm 1040 - Gross Income Practical Application.pdf. Complete the "Total income" section of Mya's 2018 Form 1040, Page 2 (i.e. Lines 1 - 6). Submit the two completed tax forms and the application assignment Word document. *I attempted to uploaded the documents, but it would only allow me to attach a picture* I need help filling out the sections in the attachments below. It would be helpful if you could explain how to go about filling the information out. I am not sure how to determine the income amount recognized in the gross income application assignment. Then further how to apply that information to the tax forms. Thank you in advance!

PARK AC309 Unit 2: Application Assignment - Gross Income Sources of Amount Amount Income Realized Recognized Source Document Additional Details BINGO grand prize winner 1,700 Form W-2G Paid $20 for BINGO card Annual neighborhood poker 2,500 None Paid $150 for buy-in tournament Alimony received 36,250 Divorce decree Ties to legally binding 2017 divorce settlement agreement Child support received 48.000 Divorce decree Ties to legally binding 2017 divorce settlement agreement Disability Mya paid 25% of the monthly disability Insurance 22,200 Form 1099-R insurance premiums using after-tax proceeds dollars; Mya's employer covered the remaining 75% Proceeds from homemade 180 None Paid $525 for candle-making supplies candle sales (candle-making is a hobby for Mya) Worker's Employment Amounts were received from a state- compensation 17,500 agreement sponsored workers' compensation plan Lawsuit proceeds - lost wages 41,200 Legal settlement Lawsuit was related to a physical injury Lawsuit proceeds - emotional 15,000 Legal settlement Lawsuit was related to a physical injury distress Lawsuit proceeds - punitive 75,000 Legal settlement Lawsuit was related to a physical injury damages Birthday card 2,000 Birthday cash from Great-Aunt Tilda to money None Mya, her favorite niece Life Insurance Proceeds received when poor Great- proceeds 250,000 Insurance policy Aunt Tilda passed away later in the year (Mya was her beneficiary) TOTAL INCOME $511 830SCHEDULE 1 Additional Income and Adjustments to Income OMB No. 1545-0074 (Form 1040) Attach to Form 1040. 2018 Department of the Treasury Go to www.irs.gov/Form1040 for instructions and the latest information. Attachment Internal Revenue Service Sequence No. 01 Name(s) shown on Form 1040 Your social security number Mya Lucky Day 655-$5-$5$5 Additional 1-9b Reserved 1-9b Income 10 Taxable refunds, credits, or offsets of state and local income taxes 10 11 Alimony received .A. 11 12 Business income or (loss). Attach Schedule C or C-EZ 12 13 Capital gain or (loss). Attach Schedule D if required. If not required, check here 13 14 Other gains or (losses). Attach Form 4797 . 14 15a Reserved 15b Reserved 16b 17 Rental real estate, royalties, partnerships, S corporations, trusts, etc. Attach Schedule E 17 18 Farm income or (loss). Attach Schedule F 18 19 Unemployment compensation 19 Reserved 20b 21 Other income. List type and amount 21 22 Combine the amounts in the far right column. If you don't have any adjustments to income, enter here and include on Form 1040, line 6. Otherwise, go to line 23 22 Adjustments 23 Educator expenses 23 to Income 24 Certain business expenses of reservists, performing artists, and fee-basis government officials. Attach Form 2106 . 24 25 Health savings account deduction. Attach Form 8889 25 26 Moving expenses for members of the Armed Forces. Attach Form 3903 26 27 28 Deductible part of self-employment tax. Attach Schedule SE 27 Self-employed SEP, SIMPLE, and qualified plans 28 29 Self-employed health insurance deduction 29 30 Penalty on early withdrawal of savings . 30 31a Alimony paid b Recipient's SSN 31a 32 IRA deduction . 32 33 Student loan interest deduction 33 34 Reserved 34 35 Reserved 35 36 Add lines 23 through 35 36 For Paperwork Reduction Act Notice, see your tax return instructions. Cat. No. 71479F Schedule 1 (Form 1040) 2018SCHEDULE 1 Additional Income and Adjustments to Income OMB No. 1545-0074 Form 1040) Attach to Form 1040. 2018 Department of the Tresary Go to www./rs.gow/ Form1040 for instructions and the latest Information. Attachment Manal Revalue Service Sequence No. 01 Narnets shown on Farm 1040 Your social security number Mya Lucky Day $55-$5-55$5 Additional 1-9b Reserved 1-9b Income 10 Taxable refunds, credits, or offsets of state and local income taxes 10 11 Alimany received .. .. 11 12 Business Income or (loss). Attach Schedule C or C-EZ 12 13 Capital gain or (loss). Attach Schedule D if required. If not required, check here 13 14 Other gains or (losses). Attach Form 4797 . 14 15a Reserved 15b 16a Reserved 16b 17 Rental real estate, royalties, partnerships, S corporations, trusts, etc. Attach Schedul E 17 18 Farm income or (loss). Attach Schedule F . 18 19 Unemployment compensation 19 20a Reserved 20b 21 Other income. List type and amount 21 22 Combine the amounts in the far right column. If you don't have any adjustments to income, enter here and include on Form 1040, line 6. Otherwise, go to line 23 22 Adjustments 23 Educator expenses . . 23 to Income 24 Certain business expenses of reservists, performing artists, and fee-basis government officials. Attach Form 2106 . 24 25 Health savings account deduction. Attach Form 68 89 25 26 Moving expenses for members of the Armed Forces. Attach Form 3903 26 27 Deductible part of self-employment tax. Attach Schedule SE 27 28 Self-employed SEP, SIMPLE, and qualified plans 28 29 Self-employed health insurance deduction 29 30 Penalty on early withdrawal of savings 30 31a Alimony paid b Recipient's SSN 31a 32 IRA deduction . 32 33 Student loan interest deduction 33 34 Reserved 34 35 Reserved 35 36 Add lines 23 through 35 36 For Paperwork Reduction Act Notice, see your tax return instructions. Cal. No. 71 479F Schedule 1 Form 1040) 2018