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Facts: Jane Doe is the chief financial officer of Facepage, asocial media company located in Philadelphia, PA. Jane has a 10 year old son, Pugsley,

Facts: Jane Doe is the chief financial officer of Facepage, asocial media company located in Philadelphia, PA. Jane has a 10 year old son, Pugsley, who lives in her home. Jane is trying to determine how much federal income tax she will owe for 2019. Jane has the following items of income, gains and losses.

Wages $300,000

Federal income taxes withheld (100,000)

Interest income from Microsoft corporate bonds 2,000

Dividends from Apple stock 6,000

Alimony under divorce order dated 3/1/2019 12,000

Date acquired Date sold sales price Tax basis

Sale of 100 shares of XYZ stock 4/10/2000 9/15/2020 20,000 24,000

Sale of 120 shares of Pfizer stock 2/22/2020 9/18/2020 35,000 30,000

Sale of 150 shares of Microsoft stock 11/14/2016 8/31/2020 64,000 42,000

Sale of 100 shares of New York Jets stock 6/11/2018 8/05/2020 2 10,002

Short term capital loss carryforward 9,000

Jane Doe will claim the standard deduction in 2020. She is 44 years old.

Required: Complete a 2019 federal income tax return for Jane

ANSWER Should be a tax of $72,482 but if you can show your work that would be great. Thanks

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