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I am not sure if these answers are correct. Please fill in the amounts on the right column and explain the calculations used. Specifically the
I am not sure if these answers are correct. Please fill in the amounts on the right column and explain the calculations used. Specifically the medical expenses and credits and I will give thumbs up
Note: Do not round intermediate values. Round your final answers to the nearest whole dollar amount. Leave no answer blank.
Enter zero if applicable.Reba Dixon is a fifthgrade school teacher who earned a salary of $ in She is years old and receives $ of alimony payments each month from her former husband divorced in Reba also rents out a small apartment building. This year Reba received $ of rental payments from tenants, and she incurred $ of expenses associated with the rental.
Reba and her daughter Heather years old at the end of the year moved to Georgia in January of this year. Reba
provides more than onehalf of Heather's support. They had been living in Colorado for the past years, but ever since
her divorce, Reba has been wanting to move back to Georgia to be closer to her family. Luckily, last December, a teaching
position opened up and Reba and Heather decided to make the move. Reba paid a moving company $ to move
their personal belongings, and she and Heather spent two days driving the miles to Georgia.
Reba rented a home in Georgia. Heather decided to continue living at home with her mom, but she started attending
school full time in January and throughout the rest of the year at a nearby university. She was awarded a $ partial
tuition scholarship this year, and Reba helped out by paying the remaining $ tuition cost. If possible, Reba thought it
would be best to claim the education credit for these expenses.
Reba wasn't sure if she would have enough items to help her benefit from itemizing on her tax return. However, she kept
track of several expenses this year that she thought might qualify if she was able to itemize. Reba paid $ in state
income taxes and $ in charitable contributions during the year.
She also paid the following medicalrelated
expenses for herself and Heather:
Insurance premiums $
Medical care expenses $
Prescription medicine $
Nonprescription medicine $
New contact lenses for Heather $
Shortly after the move, Reba got distracted while driving and ran into a street sign. The accident caused $ in damage
to the car and gave her whiplash. Because the repairs were less than her insurance deductible, she paid the entire cost of
the repairs. Reba wasn't able to work for two months after the accident. Fortunately, she received $ from her
disability insurance. Her employer, the Central Georgia School District, paid percent of the premiums on the policy as a
nontaxable fringe benefit, and Reba paid the remaining percent portion.
A few years ago, Reba acquired several investments with her portion of the divorce settlement. This year she reported the
following income from her investments: $ of interest income from corporate bonds and $ interest income from
City of Denver municipal bonds. Overall, Reba's stock portolio appreciated by $ but she did not sell any of her
stocks.
Heather reported $ of interest income from corporate bonds she received as gifts from her father over the last
several years. This was Heather's only source of income for the year.
Reba had $ of federal income taxes withheld by her employer. Heather made $ of estimated tax payments
during the year. Reba did not make any estimated payments.
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