Check my Read the following letter and help Shady Slim with his tax situation. Please assume that his gross income is $172,900 (which consists only of salary) for purposes of this problem. December 31, 2019 To the friendly student tax preparer. Hi, It's Shady Slim again. I just got back from my 55th birthday party, and I'm told that you need some more information from me in order to complete my tax return. I'm an open book! I'll tell you whatever I think you need to know Let me tell you a few more things about my life. As you may recall, I am divorced from my wife, Alice. I know that it's unusual, but I have custody of my son, Shady, Jr. The judge owed me a few favors and I really love the kid. He lives with me full-time and my wife gets him every other weekend. I pay the vast majority of my son's expenses. I think Alice should have to pay some child support, but she doesn't have to pay a dime. The judge didn't owe me that much, I guess. I had to move this year after getting my job at Roca Cola. We moved on February 3 of this year, and I worked my job at Roca Cola for the rest of the year. I still live in the same state, but I moved 500 miles away from my old house. I hired a moving company to move our stuff at a cost of $2,300, and I drove Junior in my car Junior and I got a hotel room along the way that cost us $65 (I love Super 81). Can you believe I'm still paying off my student loans, even after 15 years? I paid a total of $900 in interest on my old student loans this year. Remember when I told you about that guy that hit me with his car? I had a bunch of medical expenses that were not reimbursed by the lawsuit or by my insurance. I incurred a total of $20.000 in medical expenses, and I was only reimbursed for $11,000. Good thing I can write off medical expenses, right? I contributed a lot of money to charity this year and have receipt documentation for all contributions. I'm such a nice guy!! gave $1.000 in cash to the March of Dimes. I contributed some of my old furniture to the church. It was some good stuff contributed a red velvet couch and my old recliner. The furniture is considered vintage and is worth 55.000 today (the appraiser surprised me), even though I only paid $1.000 for it back in the day. When I contributed the furniture, the pastor said he didn't like the fabric and was going to sell the furniture to pay for some more pews in the church Oh well, some people just have no taste, right? Roca Cola had a charity drive for the United Way this year and I contributed $90. Turns out. I don't even miss it, because Roca Cola takes it right off my paycheck every month $15 a month starting in July. My pay stub verifies that i contributed the $90 to the United Way. Oh, one other bit of charity from me this year. An old buddy of mine was down on his luck Heiner hit Ch I paid a lot of money in interest this year. I paid a total of $950 in personal credit card interest. I also paid $18,000 in Interest on my $500,000 home mortgage that helped me buy my dream home. I also paid $2,000 in real estate taxes for my new house A few other things I want to tell you about this year. Someone broke into my house and stole my kid's brand new bicycle and my set of golf clubs. The total loss from theft was $900. I paid $125 in union dues this year, I had to pay $1.200 for new suits for my job. Roca Cola requires its managers to wear suits every day on the job. I spent a total of $1,300 to pay for gas to commute to my job this year. Oh, this is pretty cool. I've always wanted to be a firefighter. I spent $1.400 in tuition to go to the local firefighter's school did this because someone told me that I can deduct the tuition as an itemized deduction, so the money would be coming back to me That should be all the information you need right now. Please calculate my taxable income and complete pages 1 and 2 of Form 1040 (through taxable income, line 10) and Schedule A You're still doing this for free, right? Calculate the taxable income ences AGI tomized Deductions 0 Taxable income $ Complete pages 1 and 2 of Form 1040 (through taxable income, line 10) and Schedule A Shady Slim's address is 19010 N.W.135th Street, Miami, FL 33054 Social security numbers . Shady Slim: 123-45-6789 Shady Slim : 222-22-2222 (Round your intermediate computations to the nearest whole dollar amount. Input all the values as positive numbers. Enter any non financial Information, (e.g. Names, Addresses, social security numbers) EXACTLY as they appear in any given information or Problem Statement. Use 2019 tox rules regardless of year on form) ences Required information 1040 PG 1 1040 PG 2 Schedule A Page 1 of Form 1040. Use provided information and follow instructions on form. Form 1040 Department of the Treasury-itemal Revenue Service U.S. Individual Income Tax Return OS Marding 2018 ingitus eing party OMON 1545 074 Head of household You mental IRS Use Only Do not write or staple in this space unifying widower Your society uber Someone to you spendent . You were born before 2014 Last name You are Security number Someone med 154 LAE Presidential Election Campaign Chat her hands Dependents retractions 12 sem w dependent Dependents (see Instructions): (2) Dependent's so security br Entra Soose If more than four dependents see instand (4) / if child under age 17 quais for (see in Credit for the Child tax crede dependente Last name (3) Dependent relationship to you Sign Under penalties of perjury declare that have the coming schedules and to the best of my knowledge and belief they are true Here Come and come Decor his bodonlotion of which has an india D Your Joint return? See instructions Keep a co for your records Sambut Spouse's FEN Paid Preparer Use Only Fems THIS FOEMIS AMATION OF AN OFFIAL. TAK FORMI IS NOT THE OFFICAL FORMIT SELF DO NOT USE THIS FORM... PRO Required information Page 2 25 35 4h 50 Form 1040 (2016) 1 Wages, anes, tips, ott Altach Formis) W-2 2a Tax-exempt interest 2 b Taxatie interest Attach Form(s) W-2 Also attach Form(s) 3a Qualified dividends b Ordinary dividends W-2G and 1099 RE LIRAS, pensions, and writies Taxable amount tax was withheld 5a Social Security benefits Taxable amount Total income Addnes through 5. add any amount from Schedule 1 in 22 Standard deduction for Adjusted gross income. If you have no adjustments to come, enter the amount from ine 6 otherwise, subtract Schedule 1 - Single or Mameding line 36. tromine seperty 512.000 8 Standard deduction or med dettons (Tom Schedule A) 9 Quand business income out on see instruction 10 Texcom. Sutrines and from interesserer Outlying w 11 Text 1. Forma 14 2 Fm 4972 524 000 7 8 10 ences 11 12 13 body out from the 2 and check here Head of the 12 Chart for other dependents 545000 by mount from the and check here 119 Suntractine 12 tom are for or loosentera 14 Ach schedule you cho 1 Tines and no I see it! d And any amount to schedules 15 16 17 These pay Refund more than 15 15 to 18 This theme you verpad 20 of you wheded to you is the there . Chetting 15 02 12 MA Saw Check my work nemzeu veuucloNIS UMNO 1545-00/4 Required information SCHEDULE A (Form 1040) Department of the Treasury Internal Revenue Service (90) Names) shown on Form 1040 2018 Go to www.is gowlSchedule for instructions and relatos information Attach to Fm 1040 Caution if you are coming a net quatre disasters on Form 684 see the instructions for in 16 Attachment Sequence No. 07 Your social security Pumber Medical and Dental Carson. Do not include expenses reimbursed or paid by others Expenses 1 Medical and dent penses section) 2 Ermont trom Form 1040 in 7 3 Multiply in 2010.10) 4 Stine 3 in 1 in more than oneto 5 Swedol Taxes You Paid . State and local income taxes or Ses You but not you siect to include of income m Sward to see Aline 56 Erother of in de 10 000 (35.000 med fing 6 others and mount Address and Interest You Paid 8 Hore mortgage were and ports if you do not of your home mangegebene you home Caution ther Home more and imported to you on Form 109 you morgen home more not reported to you for eduction may be me pension from whom you bought homes and how person's named Required information 7 Addles Se and 6 Interest You Paid 8 Home mortgage interest and points. If you didn't use all of your home mortgage loans) to buy build, or improve your home see instructions and Caution: Check this box Home mortgage interest and points reported to you on Form 1018 You mortgage interest Home more interest reported to you on Form 1000 paid to the deduction may be mited person from whom you bought the home see instructions and show that see instruction) person's name dentifying no and address GERB Pois reported to you on For 106. Sentions for Reserved Addness through te 9 Investments Attach Form 4962rerede instructions) 10 Add Inese and Gifts to Charity 11 Os by cash or check you my $250 or more se instructions 12 Other than by cash och anno 250 or more See instructions you and You must Form 8263 if over 5600 a tonttori instructions 14 Addnes 1113 14 Casualty and Theft 15 Casually the losses from a dealdered as the head on om 084 Losses Other itemized 16 Omerom Deductions 18 Total Remized 17 Athens in fight for lines Asamonom 100 Dehictions 18you dem deutons even though they are than you For action to the instruction to om 140 Cat No 150 Sched AFM 2018 THIS FORMS A SIMULATION OF AN OFFICIALUS TAX FOR IS NOT THE OFFICIAL FORM ITSELF. DO NOT USE THE FORM FOR TAX FILINGS OR FOR ANY PURPOSE OTHER THAN EDUCATIONAL 2013 M. Education 1002 Check my Read the following letter and help Shady Slim with his tax situation. Please assume that his gross income is $172,900 (which consists only of salary) for purposes of this problem. December 31, 2019 To the friendly student tax preparer. Hi, It's Shady Slim again. I just got back from my 55th birthday party, and I'm told that you need some more information from me in order to complete my tax return. I'm an open book! I'll tell you whatever I think you need to know Let me tell you a few more things about my life. As you may recall, I am divorced from my wife, Alice. I know that it's unusual, but I have custody of my son, Shady, Jr. The judge owed me a few favors and I really love the kid. He lives with me full-time and my wife gets him every other weekend. I pay the vast majority of my son's expenses. I think Alice should have to pay some child support, but she doesn't have to pay a dime. The judge didn't owe me that much, I guess. I had to move this year after getting my job at Roca Cola. We moved on February 3 of this year, and I worked my job at Roca Cola for the rest of the year. I still live in the same state, but I moved 500 miles away from my old house. I hired a moving company to move our stuff at a cost of $2,300, and I drove Junior in my car Junior and I got a hotel room along the way that cost us $65 (I love Super 81). Can you believe I'm still paying off my student loans, even after 15 years? I paid a total of $900 in interest on my old student loans this year. Remember when I told you about that guy that hit me with his car? I had a bunch of medical expenses that were not reimbursed by the lawsuit or by my insurance. I incurred a total of $20.000 in medical expenses, and I was only reimbursed for $11,000. Good thing I can write off medical expenses, right? I contributed a lot of money to charity this year and have receipt documentation for all contributions. I'm such a nice guy!! gave $1.000 in cash to the March of Dimes. I contributed some of my old furniture to the church. It was some good stuff contributed a red velvet couch and my old recliner. The furniture is considered vintage and is worth 55.000 today (the appraiser surprised me), even though I only paid $1.000 for it back in the day. When I contributed the furniture, the pastor said he didn't like the fabric and was going to sell the furniture to pay for some more pews in the church Oh well, some people just have no taste, right? Roca Cola had a charity drive for the United Way this year and I contributed $90. Turns out. I don't even miss it, because Roca Cola takes it right off my paycheck every month $15 a month starting in July. My pay stub verifies that i contributed the $90 to the United Way. Oh, one other bit of charity from me this year. An old buddy of mine was down on his luck Heiner hit Ch I paid a lot of money in interest this year. I paid a total of $950 in personal credit card interest. I also paid $18,000 in Interest on my $500,000 home mortgage that helped me buy my dream home. I also paid $2,000 in real estate taxes for my new house A few other things I want to tell you about this year. Someone broke into my house and stole my kid's brand new bicycle and my set of golf clubs. The total loss from theft was $900. I paid $125 in union dues this year, I had to pay $1.200 for new suits for my job. Roca Cola requires its managers to wear suits every day on the job. I spent a total of $1,300 to pay for gas to commute to my job this year. Oh, this is pretty cool. I've always wanted to be a firefighter. I spent $1.400 in tuition to go to the local firefighter's school did this because someone told me that I can deduct the tuition as an itemized deduction, so the money would be coming back to me That should be all the information you need right now. Please calculate my taxable income and complete pages 1 and 2 of Form 1040 (through taxable income, line 10) and Schedule A You're still doing this for free, right? Calculate the taxable income ences AGI tomized Deductions 0 Taxable income $ Complete pages 1 and 2 of Form 1040 (through taxable income, line 10) and Schedule A Shady Slim's address is 19010 N.W.135th Street, Miami, FL 33054 Social security numbers . Shady Slim: 123-45-6789 Shady Slim : 222-22-2222 (Round your intermediate computations to the nearest whole dollar amount. Input all the values as positive numbers. Enter any non financial Information, (e.g. Names, Addresses, social security numbers) EXACTLY as they appear in any given information or Problem Statement. Use 2019 tox rules regardless of year on form) ences Required information 1040 PG 1 1040 PG 2 Schedule A Page 1 of Form 1040. Use provided information and follow instructions on form. Form 1040 Department of the Treasury-itemal Revenue Service U.S. Individual Income Tax Return OS Marding 2018 ingitus eing party OMON 1545 074 Head of household You mental IRS Use Only Do not write or staple in this space unifying widower Your society uber Someone to you spendent . You were born before 2014 Last name You are Security number Someone med 154 LAE Presidential Election Campaign Chat her hands Dependents retractions 12 sem w dependent Dependents (see Instructions): (2) Dependent's so security br Entra Soose If more than four dependents see instand (4) / if child under age 17 quais for (see in Credit for the Child tax crede dependente Last name (3) Dependent relationship to you Sign Under penalties of perjury declare that have the coming schedules and to the best of my knowledge and belief they are true Here Come and come Decor his bodonlotion of which has an india D Your Joint return? See instructions Keep a co for your records Sambut Spouse's FEN Paid Preparer Use Only Fems THIS FOEMIS AMATION OF AN OFFIAL. TAK FORMI IS NOT THE OFFICAL FORMIT SELF DO NOT USE THIS FORM... PRO Required information Page 2 25 35 4h 50 Form 1040 (2016) 1 Wages, anes, tips, ott Altach Formis) W-2 2a Tax-exempt interest 2 b Taxatie interest Attach Form(s) W-2 Also attach Form(s) 3a Qualified dividends b Ordinary dividends W-2G and 1099 RE LIRAS, pensions, and writies Taxable amount tax was withheld 5a Social Security benefits Taxable amount Total income Addnes through 5. add any amount from Schedule 1 in 22 Standard deduction for Adjusted gross income. If you have no adjustments to come, enter the amount from ine 6 otherwise, subtract Schedule 1 - Single or Mameding line 36. tromine seperty 512.000 8 Standard deduction or med dettons (Tom Schedule A) 9 Quand business income out on see instruction 10 Texcom. Sutrines and from interesserer Outlying w 11 Text 1. Forma 14 2 Fm 4972 524 000 7 8 10 ences 11 12 13 body out from the 2 and check here Head of the 12 Chart for other dependents 545000 by mount from the and check here 119 Suntractine 12 tom are for or loosentera 14 Ach schedule you cho 1 Tines and no I see it! d And any amount to schedules 15 16 17 These pay Refund more than 15 15 to 18 This theme you verpad 20 of you wheded to you is the there . Chetting 15 02 12 MA Saw Check my work nemzeu veuucloNIS UMNO 1545-00/4 Required information SCHEDULE A (Form 1040) Department of the Treasury Internal Revenue Service (90) Names) shown on Form 1040 2018 Go to www.is gowlSchedule for instructions and relatos information Attach to Fm 1040 Caution if you are coming a net quatre disasters on Form 684 see the instructions for in 16 Attachment Sequence No. 07 Your social security Pumber Medical and Dental Carson. Do not include expenses reimbursed or paid by others Expenses 1 Medical and dent penses section) 2 Ermont trom Form 1040 in 7 3 Multiply in 2010.10) 4 Stine 3 in 1 in more than oneto 5 Swedol Taxes You Paid . State and local income taxes or Ses You but not you siect to include of income m Sward to see Aline 56 Erother of in de 10 000 (35.000 med fing 6 others and mount Address and Interest You Paid 8 Hore mortgage were and ports if you do not of your home mangegebene you home Caution ther Home more and imported to you on Form 109 you morgen home more not reported to you for eduction may be me pension from whom you bought homes and how person's named Required information 7 Addles Se and 6 Interest You Paid 8 Home mortgage interest and points. If you didn't use all of your home mortgage loans) to buy build, or improve your home see instructions and Caution: Check this box Home mortgage interest and points reported to you on Form 1018 You mortgage interest Home more interest reported to you on Form 1000 paid to the deduction may be mited person from whom you bought the home see instructions and show that see instruction) person's name dentifying no and address GERB Pois reported to you on For 106. Sentions for Reserved Addness through te 9 Investments Attach Form 4962rerede instructions) 10 Add Inese and Gifts to Charity 11 Os by cash or check you my $250 or more se instructions 12 Other than by cash och anno 250 or more See instructions you and You must Form 8263 if over 5600 a tonttori instructions 14 Addnes 1113 14 Casualty and Theft 15 Casually the losses from a dealdered as the head on om 084 Losses Other itemized 16 Omerom Deductions 18 Total Remized 17 Athens in fight for lines Asamonom 100 Dehictions 18you dem deutons even though they are than you For action to the instruction to om 140 Cat No 150 Sched AFM 2018 THIS FORMS A SIMULATION OF AN OFFICIALUS TAX FOR IS NOT THE OFFICIAL FORM ITSELF. DO NOT USE THE FORM FOR TAX FILINGS OR FOR ANY PURPOSE OTHER THAN EDUCATIONAL 2013 M. Education 1002