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help Part 1 - Scenario 4 . Review the following scenario. Use the information provided to answer questions about the taxpayer's 2020 return. Jasmine Dayne
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Part 1 - Scenario 4 . Review the following scenario. Use the information provided to answer questions about the taxpayer's 2020 return. Jasmine Dayne (29) is filing as a single taxpayer. In 2020, she received income from the following sources: $39.000 in wages Alimony payments totaling $14,328. Her divorce was finalized in October 2019. Unemployment compensation of $6,200. Jasmine also made a timely $2,000 contribution to a traditional IRA for 2020 She had no other income or adjustments, and she will claim the standard deduction To assist you in answering questions about Jasmine's tax return, you may refer to Part 1 of Schedule 1. Additional Income and Adjustments to Income, which is shown below. Part I Additional Income 1 Taxable refunds, credits, or offsets of state and local income taxes. 2a Alimony received 2b Date of original divorce or separation agreement (see instructions) 3 Business income or loss). Attach Schedule C. 4 Other gains or losses). Attach Form 4797 5 Rental real estate, royalties, partnerships, corporations, trusts, etc. Attach Schedule E. 6 Farm income or (loss). Attach Schedule F. 7 Unemployment compensation 8 Other income. List type and amount 9 Combine lines 1 through B. Enter here and on Form 1040, 1040-SR, or 1040-NR, line 8. Question 7 of 50. What amount should Jasmine report for other income? Her partially completed Form 1040, page 1. is shown below. You may use the form to assist you in answering this question 1040 U.S. Individuat Income Tax Return 2020 OMB No 1545-007 Filing Status Sade Marteding Marteding Mufs Mead of howhold OH O widower) tom Check only you checked the MFS boxer the name of your spouse you checked the HOH OWboere the child's name the ponon bached but not your dependent Your name and miste Lane Your ober JASMINE DAYNE XOOK-OK-XO00C return, spouse's stand die Last name Spouse's social security number one box Home are number and you are a PO box, sutions Apt.no Presidencial Encion Campaign 3835 LOCUST STREET Check here you or your On you ZIP code pouring or want gooi fund. Checking a YOUR CITY YS Xooox bow below mot change Foreign country one Foreign province our For postal code YOUT rund You Spouse At any time during 2020. d you mond enchanpr. rerwte reguire any financial Interest in any od curenen Yes No Standard Semcone con calm you as a depender Your Home sa dependere Deduction Spouse wiem on a sepatu or you were ad Age Blindate You Were born before January 2016 Are bind Spouse: [wan bom before January 2166 bind Dependents were instructions: Q) Society Relationship worm (1) Ferme number to you brother 39,000 1 Wagne ole. Atach Fon W-2 Anach ch Tur-compt interest Taxableret mogred Ja b Ordinary dividende v PAS Ha Table amount Standard se pros and aus 50 Tablour Deduction for Social Security benefit Table amount el 7 AD BAS 8 Other income from Schedule tine . Addines 1,2 h 57 and This is your total income 10 Adjustments to income From Schedule Line 22 CBDUL ABOBONDO AA Addnes 10. There are your toutes to con 11 Subtine o tome. This is your address Standard on reddedeconero Schedule De Que become on nach Form 1005 or Form 14 Add Ines and 13 15 For Blac, Pracy Act Paperwork Reduction Act Nume con 860000 12,400 14 15 127,400 10400 50 $6.200 514 325 0 520 528 Step by Step Solution
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