Question
During 2017, Cassandra Albright, who is single, worked part-time at a doctors office and received a W-2. She also had a cash-basis consulting practice that
During 2017, Cassandra Albright, who is single, worked part-time at a doctors office and received a W-2. She also had a cash-basis consulting practice that had the following income and expenses:
Revenue | $ | 48,000 |
Laptop computer purchased 4/23/17 ( 179 elected) | 2,300 | |
Travel 2,500 miles for business, 13,000 personal | ||
Supplies | 500 | |
Cell phone charge | 540 | |
Cassandra (SSN 412-34-5670) resides at 1400 Medical Street, Apt. 3A, Lowland, CA 92273. Professional code 622000. Her W-2 shows the following:
Wages | $ | 45,300 |
Federal withholding | 4,983 | |
Social security wages | 45,300 | |
Social security withholding | 2,809 | |
Medicare withholding | 657 | |
State withholding | 2,265 | |
Other income: | ||
1099-INT Old Bank | 2,300 | |
1099-DIV Bake Co., Inc.Ordinary dividends | 3,100 | |
Qualified dividends | 3,100 | |
Cassandra had the following itemized deductions:
State income tax withholding | $ | 2,265 |
State income tax paid with the 2016 return | 350 | |
Real estate tax | 3,450 | |
Mortgage interest | 12,300 | |
Cassandra made two federal estimated payments of $7,000 each on April 15 and June 15. She had qualifying health care coverage at all times during the tax year. Prepare Form 1040 for Cassandra for 2017, including Schedule A, Schedule B, Schedule C, Schedule SE and Form 4562. Use the appropriate
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