I need help with this problem; Federal Taxation

58. Roberta Santos, age 41, is single and lives at 120 Sanborne Avenue, Springfield, IL 60781. Her Social Security number is 123-45-6789. Roberta has been divorced from her former husband, Wayne, for three years. She has a son, Jason, who is 17, and a daughter, June, who is 18. Jason's Social Security number is 111-11-1111, and June's is 123-45-6788. Roberta does not want to contribute $3 to the Presidential Election Campaign Fund. Roberta, an advertising executive, earned a salary of $80,000 in 2013. Her employer withheld $9,000 in Federal income tax and $3,100 in state income tax. Roberta has legal custody of Jason and June. The divorce decree provides that Rob- erta is to receive the dependency deductions for the children. Jason lives with his father during summer vacation. Wayne indicates that his expenses for Jason are $10,500. Rob- erta can document that she spent $6,500 for Jason's support during 2013. In prior years, Roberta gave a signed Form 8332 to Wayne regarding Jason. For 2013, she has decided not to do so. Roberta provides all of June's support. Roberta's mother died on January 7, 2013. Roberta inherited assets worth $625,000 from her mother. As the sole beneficiary of her mother's life insurance policy, Roberta received insurance proceeds of $300,000. Her mother's cost basis for the life insurance policy was $120,000. Roberta's favorite aunt gave her $13,000 for her birthday in October. On November 8, 2013, Roberta sells for $22,000 Amber stock that she had purchased for $24,000 from her first cousin, Walt, on December 5, 2008. Walt's cost basis for the stock was $26,000, and the stock was worth $23,000 on December 5, 2008. On December 1, 2013, Roberta sold Falcon stock for $13,500. She had acquired the stock on July 2, 2010, for $8,000. An examination of Roberta's records reveals that she received the following: Interest income of $2,500 from First Savings Bank. Groceries valued at $750 from a local grocery store for being the 100,000th customer. Qualified dividend income of $1,800 from Amber. Interest income of $3,750 on City of Springfield school bonds. Alimony of $16,000 from Wayne. Distribution of $4,800 from ST Partnership. Her distributive share of the partnership passive taxable income was $5,300. She had no prior passive losses. From her checkbook records, she determines that she made the following payments during 2013: Charitable contributions of $4,500 to First Presbyterian Church and $1,500 to the American Red Cross (proper receipts obtained). Mortgage interest on her residence of $7,800. Property taxes of $3,200 on her residence and $1,100 (ad valorem) on her car. Estimated Federal income taxes of $3,800 and estimated state income taxes of $1,000. Medical expenses of $5,000 for her and $800 for Jason. In December, her medical in- surance policy reimbursed $1,500 of her medical expenses. A $1,000 ticket for parking in a handicapped space. Attorney's fees of $500 associated with unsuccessfully contesting the parking ticket. Contribution of $250 to the campaign of a candidate for governor. Because she did not maintain records of the sales tax she paid, she calculates the amount from the sales tax table to be $994. Calculate Roberta's net tax payable or refund due for 2013. If you use tax forms, you will need Form 1040 and Schedules A, B, D, and E. Suggested software: H&R BLOCK Tax Software. Please answer Cumulative Problem 58 in the Instructional Materials. You will need Form 1040 and Schedules A, B, D, Form 8949 (page 2) and E (page 2). You may use the IRS Tax forms located in "Week 1" or any tax return preparation software. If you complete the forms by hand you will have to scan to PDF and attach in the Assignment Manager. To submit the GHA using the Assignment Manager, click on the above link. Save your assignment your hard drive or other storage device, attach, and submit. Check answers for Cumulative Problem 58: Form 1040 - Line 37 - Adjusted Gross Income - 109,850 Line 76 - 166 Schedule A, Line 29 - Total Itemized Deductions - 22,200