Comprehensive Problem 5-2A Bea Jones (birthdate March 27, 1984) moved from Texas to Florida in December 2017. 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 2018 for her job as a manager at a Florida shrimp-processing plant are: Earnings from the Gulf Shrimp Co. $43,200 4,600 Federal income tax withheld State income tax withheld Bea's other income includes interest on a savings account at Beach National Bank of $2,200 and $600 per month alimony from her ex-husband in accordance with their 2010 divorce decree. Bea's employer operates a 401(k) plan, and although she is eligible, Bea does not participate. During 2018, Bea paid the following amounts all of which can be substantiated): Home mortgage Interest $8,700 2,300 Auto loan interest State sales tax 820 3,233 Property taxes on personal residence Unrelmbursed hospital bills Doctor bills Other deductible medical expenses Income tax preparation fee Job-hunting expenses Contribution to IRA 600 925 2.500 In September 2018, Tropical Storm Yuri struck Gulfport and a tree fell on Bea's home. Bea acquired the home in February 2011 for $110,000. The FMV of her home before the storm was $117,800. The estimated loss in market value from damage was equal to her repair charge of $7,800. The damage caused by TS Yuri was declared a federal disaster (code EM-1212). Bea's deductible was quite high and her insurance company only reimbursed her $1,200. Required: Complete Bea's Form 1040 and Schedules 1, A, and B and Form 4684. Bea had health coverage for the entire year and does not want to make a contribution to the presidential election campaign. Make realistic assumptions about any missing data. Enter all amounts as positive numbers. If an amount box does not require an entry or the answer is zero, enter "o". If required round any dollar amount to the nearest dollar. Activate Form 1040 (2018) 466-78-7359 Page 2 Bea Jones Wages, salaries, tips, etc. Attach Form(s) W-2.... 1 2a Tax-exempt interest b Taxable interest 3a b Ordinary dividends 3b 4a Qualified dividends IRAS, pensions and annuities b Taxable amount Attach Form(s) W- 2. Also attach Form(s) W-2G and 1099-R if tax was withheld. 50 5a 6 Social security benefits b Taxable amount Total income. Add lines 1 through 5. Add any amount from Schedule 1, line 22 Adjusted gross income. If you have no adjustments to income, enter the amount from line 6; otherwise, subtract Schedule 1, line 36, from line 6.. 8 Standard deduction or itemized deductions (from Schedule A)........... Qualified business income deduction (see instructions) ..... 9 10 Taxable income. Subtract lines 8 and 9 from line 7. If zero or less, enter -0..... Standard Deduction for - Single or married filling separately $12,000 Married filing jointly or Qualifying widow(er), $24,000 Head of household 11 a Tax (see inst) (check if any from: 1 Form(s) 8814 2 Form 4972 12 b Add any amount from Schedule 2 and check here... a Child tax credit/credit for other dependents b Add any amount from Schedule 3 and check here........... Ac 12 C Head of household $18,000 . If you checked any box under Standard deduction, see instructions. 13 14 15 ONCRETO upende b Add any amount from Schedule 3 and check here.... Subtract line 12 from line 11. If zero or less, enter -D- .......... Other taxes. Attach Schedule 4... Total tax. Add lines 13 and 14... Refund 16 Federal income tax withheld from Forms W-2 and 1099.......... 17 Refundable credits: a EIC (see inst.) - Sch 8812 c Form 8863 Add any amount from Schedule 5 18 Add lines 16 and 17. These are your total payments. 19 if line 18 is more than line 15, subtract line 15 from line 18. This is the amount you overpaid 20a Amount of line 19 you want refunded to you. If Form 8988 is attached, check here . . . b Routing number | Type: Checking - Savings d Account number 21 Amount of line 19 you want applied to your 2019 estimated tax ...... .. 22 Amount you owe. Subtract line 18 from line 15. For details on how to pay, see instructions ... ... . ... 23 Estimated tax penalty (see instructions)..... 23 20a Direct deposit? See instructions. Amount . .. 22 You Owe Activate Windo