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During 2020, 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 2020, 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 4/23/20 ( 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.

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 Company, IncorporatedOrdinary 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 2019 return 350
Real estate tax 3,450
Mortgage interest 12,300

Cassandra made two federal estimated payments of $6,500 each on April 15 and June 15.

Required:

Prepare Form 1040 for Cassandra for 2020, including Schedule A, Schedule B, Schedule C, Schedule SE and Form 4562. Use the appropriate Tax Tables. (Input all the values as positive numbers. Use Rounded values for tax computation. Do not round other intermediate computations. Round your final answers to nearest whole dollar and percentage values to two decimal places. Instructions can be found on certain cells within the forms. Do not skip rows, while entering Other Expenses section in Schedule C.)

  • 1040 PG 1
  • 1040 PG 2
  • Schedule 1
  • Schedule 2
  • Schedule A
  • Schedule B
  • Schedule C
  • Schedule SE
  • Form 4562

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