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I was wondering if you can help me with this quiz on filling out a 1040 form based on the information I attached. Instructions: Complete

I was wondering if you can help me with this quiz on filling out a 1040 form based on the information I attached.

Instructions:

Complete Form 1040(pages 1 and 2), Schedule A, and Schedule C and any other schedules you maythink are needed. No need to completethe SE schedule for Schedule C.

image text in transcribed Name: __________________________ Date: _____________ UMUC - ACCT 323 Due Dec 6, 2015 This exam is to be completed without the assistance of any other person. You may use only the resources provided by your instructor for this class. ** Save this file and include your name in the file name: Eve_Hay_Quiz_3 You may create a Word File for your work. Please verify that each page prints out formatted with your name and page number on the page. Excel files should show gridlines. At a minimum, use print preview so you can see how the work will print out. I pledge on my honor that I have not given or received any unauthorized assistance on this examination. In addition, I pledge that I will not disclose to, or discuss the contents of this examination with, students who have not taken it. _________________________________________________________________________ Signed Quiz 3 - Fall (Oct-Dec) 2015 - Answer all questions: - Prepare Form 1040 and related schedules Name ___________________________________________ Date ____________ Good Luck!!!!!! UMUC - Federal Income Tax for Individuals QUIZ 3 - Due December 6, 2015 Viola Doe is divorced and has the following tax information for 2014. Viola's address is 123 Main Street, Annapolis, MD 12345 Viola's social security number is 123-45-6789. 00026819.DOCX - Page 1 of -- Viola's 19 year old son (GEO) lives with her year-round. GEO is a full-time student at a community college. GEO's social security number is 987-65-4321. He does not work. His tuition is free. Viola's grandmother (May) also lives with her but provides all of her own support. Viola's occupation is a landscape designer. Wages Viola's 2014 wages was $60,000. Federal taxes withheld was $6,000 State taxes withheld was $3,000 Other income Viola was laid-off in the second half of the year. After being laid off, Viola received Unemployment Compensation of $4,800. (No taxes were withheld). While unemployed, Viola performed a couple of freelance landscape design jobs out of her home. She earned $5,350. She only tracked three expenses. She drove his car 800 miles related to the design jobs. Supplies were $450. Website design = $400. (You may ignore self-employment taxes). Viola won $500 at a local bingo night. She had no related expenses. Interest earned on savings account = $50 Tax exempt interest earned = $100 Ordinary dividends = $150 (of this amount $100 were qualified) 00026819.DOCX - Page 2 of -- IRA and other expenses Contributed to a Traditional IRA = $1,000 (Viola is not covered by a retirement plan) Mortgage interest = $7,900 Property tax on home = $2,200 General Sales tax paid = $150 Church donations (cash) = $1,200 Clothing and housewares donated to Goodwill (good condition) = $150 Viola and GEO medical expenses = $2,100 (not reimbursed by insurance) Viola gave her sister $800 to help her with medical expenses Pet veterinary expenses = $600 Major repair on home related to termite damage = $950 Tax preparation fee = $289 GEO's cost of books at community college = $300 Viola's commuting expenses while she was employed = $890 Complete Form 1040 (pages 1 and 2), Schedule A, and Schedule C and any other schedules you may think are needed. No need to complete the SE schedule for Schedule C. 00026819.DOCX - Page 3 of

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