Jamie Lee Jackson, age 26. Is in her last semester of college and is waiting for graduation day that is just around the comert it is the time of year again when Jamie Lee must file her annual federal Income taxes. Last year, she received an increase in salary from the bakery, which brought her gross monthly earnings to $2,550, and also opened up an IRA to which she contributed $300 last year Her Gavings accounts earn 2% interest per year, and she also had received an unexpected 51.500 gift from her great aunt Jamie was also lucky enough last year to win a rolle prize of $2.000, most of which was deposited into her regular savings account after paying off her credit card balance. Estimate Jamie Lee's current taxabity by completing the form below. Use the 2018 values for standard deduction (3120001 Each answer must have a value for the assignment to be complete Enter "O" for any unused categories 2018 Tax Rates Current Financial Situation Assets Monthly Expenses Checking account 52.250 Ront obligation $275 Savings account 56.900 sas Interest med last year 3:25 Food $130 Emergency fund saving $3.900 Gantenance $0 COURE interest med last yean $75 Cod payment $0 A balance $350 Savings allocation Cortion made last year $300 Regular sig 5175 CM $3.000 Rainy day saving monthly $25 Label Entertainment Student loan $10.000 Cake decors $35 Creat cod balance 50 Movies with and $50 Interested year 555 income Grour monthly salary 52650 (3 30.600 Estimated Income Tax Gross income wages, Salary, Westment income, and other ordinary income) Les due to come see current tax regulation) Equals adjusted gross income Less standard deduction de 2016 amounts) 39.900 Hemed deductions whichever is tiger Medical expenses exceeding 10% of AGO State local comtind property taxe Mortgage home guy loan rest Contributions County and the Mowing clied, and nous penses exceeding 2 AGO P 1 of 5 TE De here to search o AP * G LEI WO 00 Income: Gross monthly salary $2,550 S 30,600 Estimated Income Tax Gross income (wages, salary, investment income, and other ordinary income) Less adjustments to income (see current tax regulations) Equals adjusted gross income Less standard deduction (use 2018 amounts) s 30,600 or Itemized deductions (whichever total is larger) Medical expenses (exceeding 10% of AGI) State/ocal income and property taxes Mortgage home equity loan interest Contributions Casualty and theft losses Moving job-related and miscellaneaous expenses (exceeding 2% of AGI) Total itemized deductions Larger of standard or itemized deductions Equals taxable income S $ 0 5 30.600 Estimated tax (based on 2018 tax rates) Less tax credits Plus other taxes Equals total tax liability Less estimated withholding and payments Equals tax due (or refund) IT: e here to search O C N Jamie Lee Jackson, age 26. Is in her last semester of college and is waiting for graduation day that is just around the comert it is the time of year again when Jamie Lee must file her annual federal Income taxes. Last year, she received an increase in salary from the bakery, which brought her gross monthly earnings to $2,550, and also opened up an IRA to which she contributed $300 last year Her Gavings accounts earn 2% interest per year, and she also had received an unexpected 51.500 gift from her great aunt Jamie was also lucky enough last year to win a rolle prize of $2.000, most of which was deposited into her regular savings account after paying off her credit card balance. Estimate Jamie Lee's current taxabity by completing the form below. Use the 2018 values for standard deduction (3120001 Each answer must have a value for the assignment to be complete Enter "O" for any unused categories 2018 Tax Rates Current Financial Situation Assets Monthly Expenses Checking account 52.250 Ront obligation $275 Savings account 56.900 sas Interest med last year 3:25 Food $130 Emergency fund saving $3.900 Gantenance $0 COURE interest med last yean $75 Cod payment $0 A balance $350 Savings allocation Cortion made last year $300 Regular sig 5175 CM $3.000 Rainy day saving monthly $25 Label Entertainment Student loan $10.000 Cake decors $35 Creat cod balance 50 Movies with and $50 Interested year 555 income Grour monthly salary 52650 (3 30.600 Estimated Income Tax Gross income wages, Salary, Westment income, and other ordinary income) Les due to come see current tax regulation) Equals adjusted gross income Less standard deduction de 2016 amounts) 39.900 Hemed deductions whichever is tiger Medical expenses exceeding 10% of AGO State local comtind property taxe Mortgage home guy loan rest Contributions County and the Mowing clied, and nous penses exceeding 2 AGO P 1 of 5 TE De here to search o AP * G LEI WO 00 Income: Gross monthly salary $2,550 S 30,600 Estimated Income Tax Gross income (wages, salary, investment income, and other ordinary income) Less adjustments to income (see current tax regulations) Equals adjusted gross income Less standard deduction (use 2018 amounts) s 30,600 or Itemized deductions (whichever total is larger) Medical expenses (exceeding 10% of AGI) State/ocal income and property taxes Mortgage home equity loan interest Contributions Casualty and theft losses Moving job-related and miscellaneaous expenses (exceeding 2% of AGI) Total itemized deductions Larger of standard or itemized deductions Equals taxable income S $ 0 5 30.600 Estimated tax (based on 2018 tax rates) Less tax credits Plus other taxes Equals total tax liability Less estimated withholding and payments Equals tax due (or refund) IT: e here to search O C N