Conplete the following schedule B.

Note: This problem is for the 2018 tax year. Beth R. Jordan lives at 2322 Skyview Road, Mesa, AZ 85201. She is a tax accountant with Mesa Manufacturing Company, 1203 Western Avenue, Mesa, AZ 85201 (employer identification number 11-1111111). She also writes computer software programs for tax practitioners and has a part-time tax practice. Beth is single and has no dependents. Beth's birthday is July 4, 1972, and her Social Security number is 123-45-6785. She wants to contribute $3 to the Presidential Election Campaign Fund. The following information is shown on Beth's Wage and Tax Statement (Form W-2) for 2018. Line Description Wages, tips, other compensation Federal income tax withheld Social Security wages Social Security tax withheld Medicare wages and tips Medicare tax withheld State State wages, tips, etc. State income tax withheld Amount $65.000.00 10,500.00 65,000.00 4,030.00 65,000.00 942.50 Arizona 65,000.00 1,954.00 17 During the year, Beth received interest of $1,300 from Arizona Federal Savings and Loan and $400 from Arizona State Bank. Each financial institution reported the interest income on a Form 1099-INT. She received qualified dividends of $800.from Blue Corporation, $750 from Green Corporation, and $650 from Orange Corporation has comparation.copotted Bell payments on a Form 1099-DIV. Beth received a $1,100 income tax refund from the state of Arizona on April 29, 2018. On her 2017 Federal income tax return, she reported total itemized deductions of $8,200, which included $2,200 of state income tax withheld by her employer. Fees earned from her part-time tax practice in 2018 totaled $3,800. She paid $600 to have the tax returns processed by a computerized tax return service. On February 8, 2018, Beth bought 500 shares of Gray Corporation common stock for $17.60 a share. On September 12, 2018, Beth sold the stock for $14 a share. Beth bought a used sport utility vehicle for $6,000 on June 5, 2018. She purchased the vehicle from her brother-in-law, who was unemployed and was in need of cash. On November 2, 2018, she sold the vehicle to a friend for $6,500. On January 2, 2018, Beth acquired 100 shares of Blue Corporation common stock for $30 a share. She sold the stock on December 19, 2018, for $55 a share. Both stock transactions were reported to Beth on Form 1099-B; basis was not reported to the IRS. During the year, Beth records revenues of $16,000 from the sale of a software program she developed. Beth incurred the following expenses in connection with her software development business. Cost of personal computer Cost of printer Furniture Supplies Fee paid to computer consultant $7,000 2,000 3,000 3,500 Beth elected to expense the maximum portion of the cost of the computer, printer, and furniture allowed under the provisions of $ 179. These items were placed in service on January 15, 2018, and used 100% in her business. Although her employer suggested that Beth attend a convention on current developments in corporate taxation, Beth was not reimbursed for the travel expenses of $1,420 she incurred in attending the convention. The $1,420 included $200 for the cost of meals. During the year, Beth paid $300 for prescription medicines and $2,875 for doctor interest to credit card bills and hospital bills. Medical insurance premiums were paid for her by her employer. Beth paid real property taxes of $1,766 on her home. Interest on her home mortgage (Valley National Bank) was $3,845, and interest to credit card companies was $320. Beth contributed $2,080 to various qualifying charities during the year. Professional dues and subscriptions totaled $350. Beth paid estimated taxes of $1,000. Required: Compute the net tax payable or refund due for Beth R. Jordan for 2018. You will need Form 1040, (and its Schedules 1, 4, 5, B, C, D, and SE) and Forms 4562 and 8949 and the Qualified Dividends and Capital Gain Tax Worksheet. Make realistic assumptions about any missing data. . If an amount box does not require an entry or the answer is zero, enter"0". . Enter all amounts as positive numbers, unless instructed otherwise. It may be necessary to complete the tax schedules before completing Form 1040. When computing the tax liability, do not round your immediate calculations. If required round your final answers to the nearest dollar. Use the 2018 Tax Rate Schedule provided. Do not use the Tax Tables. SCHEDULEB Form Interest and Ordinary Dividends Go to www.insgow Schedule for instructions and the latest information. Attach to Form 1040. 2018 Anwar 08 Part I 1 Interest List name of payer. If any interest is from a seller-financed mortgage and the buyer used the property as a personal residence, see the instructions and list this Interest first. Also, show that buyer's social security number and address 109HNT, For payer and enter shown on that 2 Add the amounts on line 1. Excludable interest on series EE and I U.S. savings bonds issued after 1989 Attach Form 3815. . 4 Subtract line 3 from line 2. Enter the result here and on Form 1040, line 25 Note: If line 4 is over $1,500, you must complete Part List name of payer Part II Ordinary Dividends Seeingtructions Instructions for name as the dividends shown Add the amounts on line 5. Enter the total here and on Form 1040, line 3 on that form. Note: If line 6 is over $1,500, you must complete Part Part III You must complete this part if you all had over $1,500 of taxable interest or ordinary dividends had a Yes No foreign account or received a distribution from, or were a grantor of, or a transferorto, a fore en trust. Foreign Ta At any time during 2018, did you have a financial interest in or signature authority over a financial Accounts account such as a bank account, securities account, or brokerage accounts located in a foreign country? See Instructions and Trusts I "Yes," are you required to file FinCEN Form 114, Report of Foreign Bank and Financial See Instructions.) Accounts (FBAR), to report that financial Interest or slorature authority? See FinCEN Form 114 and its instructions for filing requirements and exceptions to those requirements... b If you are required to file FinCEN Form 114, enter the name of the foreign country where the financial account is located 8 During 2018, did you receive a distribution from or were you the grantor of, or transferor to a foreign trust? If "Yes, you may have to file Form 3520. See instructions For Paperwork Reduction Act Notice, see your tax return instructions. Cat No 17146 Schedule Form 10402018 Note: This problem is for the 2018 tax year. Beth R. Jordan lives at 2322 Skyview Road, Mesa, AZ 85201. She is a tax accountant with Mesa Manufacturing Company, 1203 Western Avenue, Mesa, AZ 85201 (employer identification number 11-1111111). She also writes computer software programs for tax practitioners and has a part-time tax practice. Beth is single and has no dependents. Beth's birthday is July 4, 1972, and her Social Security number is 123-45-6785. She wants to contribute $3 to the Presidential Election Campaign Fund. The following information is shown on Beth's Wage and Tax Statement (Form W-2) for 2018. Line Description Wages, tips, other compensation Federal income tax withheld Social Security wages Social Security tax withheld Medicare wages and tips Medicare tax withheld State State wages, tips, etc. State income tax withheld Amount $65.000.00 10,500.00 65,000.00 4,030.00 65,000.00 942.50 Arizona 65,000.00 1,954.00 17 During the year, Beth received interest of $1,300 from Arizona Federal Savings and Loan and $400 from Arizona State Bank. Each financial institution reported the interest income on a Form 1099-INT. She received qualified dividends of $800.from Blue Corporation, $750 from Green Corporation, and $650 from Orange Corporation has comparation.copotted Bell payments on a Form 1099-DIV. Beth received a $1,100 income tax refund from the state of Arizona on April 29, 2018. On her 2017 Federal income tax return, she reported total itemized deductions of $8,200, which included $2,200 of state income tax withheld by her employer. Fees earned from her part-time tax practice in 2018 totaled $3,800. She paid $600 to have the tax returns processed by a computerized tax return service. On February 8, 2018, Beth bought 500 shares of Gray Corporation common stock for $17.60 a share. On September 12, 2018, Beth sold the stock for $14 a share. Beth bought a used sport utility vehicle for $6,000 on June 5, 2018. She purchased the vehicle from her brother-in-law, who was unemployed and was in need of cash. On November 2, 2018, she sold the vehicle to a friend for $6,500. On January 2, 2018, Beth acquired 100 shares of Blue Corporation common stock for $30 a share. She sold the stock on December 19, 2018, for $55 a share. Both stock transactions were reported to Beth on Form 1099-B; basis was not reported to the IRS. During the year, Beth records revenues of $16,000 from the sale of a software program she developed. Beth incurred the following expenses in connection with her software development business. Cost of personal computer Cost of printer Furniture Supplies Fee paid to computer consultant $7,000 2,000 3,000 3,500 Beth elected to expense the maximum portion of the cost of the computer, printer, and furniture allowed under the provisions of $ 179. These items were placed in service on January 15, 2018, and used 100% in her business. Although her employer suggested that Beth attend a convention on current developments in corporate taxation, Beth was not reimbursed for the travel expenses of $1,420 she incurred in attending the convention. The $1,420 included $200 for the cost of meals. During the year, Beth paid $300 for prescription medicines and $2,875 for doctor interest to credit card bills and hospital bills. Medical insurance premiums were paid for her by her employer. Beth paid real property taxes of $1,766 on her home. Interest on her home mortgage (Valley National Bank) was $3,845, and interest to credit card companies was $320. Beth contributed $2,080 to various qualifying charities during the year. Professional dues and subscriptions totaled $350. Beth paid estimated taxes of $1,000. Required: Compute the net tax payable or refund due for Beth R. Jordan for 2018. You will need Form 1040, (and its Schedules 1, 4, 5, B, C, D, and SE) and Forms 4562 and 8949 and the Qualified Dividends and Capital Gain Tax Worksheet. Make realistic assumptions about any missing data. . If an amount box does not require an entry or the answer is zero, enter"0". . Enter all amounts as positive numbers, unless instructed otherwise. It may be necessary to complete the tax schedules before completing Form 1040. When computing the tax liability, do not round your immediate calculations. If required round your final answers to the nearest dollar. Use the 2018 Tax Rate Schedule provided. Do not use the Tax Tables. SCHEDULEB Form Interest and Ordinary Dividends Go to www.insgow Schedule for instructions and the latest information. Attach to Form 1040. 2018 Anwar 08 Part I 1 Interest List name of payer. If any interest is from a seller-financed mortgage and the buyer used the property as a personal residence, see the instructions and list this Interest first. Also, show that buyer's social security number and address 109HNT, For payer and enter shown on that 2 Add the amounts on line 1. Excludable interest on series EE and I U.S. savings bonds issued after 1989 Attach Form 3815. . 4 Subtract line 3 from line 2. Enter the result here and on Form 1040, line 25 Note: If line 4 is over $1,500, you must complete Part List name of payer Part II Ordinary Dividends Seeingtructions Instructions for name as the dividends shown Add the amounts on line 5. Enter the total here and on Form 1040, line 3 on that form. Note: If line 6 is over $1,500, you must complete Part Part III You must complete this part if you all had over $1,500 of taxable interest or ordinary dividends had a Yes No foreign account or received a distribution from, or were a grantor of, or a transferorto, a fore en trust. Foreign Ta At any time during 2018, did you have a financial interest in or signature authority over a financial Accounts account such as a bank account, securities account, or brokerage accounts located in a foreign country? See Instructions and Trusts I "Yes," are you required to file FinCEN Form 114, Report of Foreign Bank and Financial See Instructions.) Accounts (FBAR), to report that financial Interest or slorature authority? See FinCEN Form 114 and its instructions for filing requirements and exceptions to those requirements... b If you are required to file FinCEN Form 114, enter the name of the foreign country where the financial account is located 8 During 2018, did you receive a distribution from or were you the grantor of, or transferor to a foreign trust? If "Yes, you may have to file Form 3520. See instructions For Paperwork Reduction Act Notice, see your tax return instructions. Cat No 17146 Schedule Form 10402018