John is true and does not use any dependents. John works for local advertising company and then owns is own business sergantom drink itators John came table wages of $2.000 and $22.000 of federal income tax was withheld for 2021. Jotu, anh basis tupayer provide the followires for his business Rowe $ 130,000 Expenses 30 400 $ 3.200 3.000 4100 Advertise Iness meals with customers at restaurants Contribution to political party Donation to American Heart Association (cth to charitable organization) Dues to Country Club to play golf Federal estimated tax payments Health imurance employee Health Insurance (ohn) Interest expense on business loan Latefiting penalty 56,000 "Tuu 3.200 $ 3.600 $ 2000 $ 450 $ 1.500 $ 2.100 5 5.000 Legales ability in Life insurance pensa Liability insurance Life insurance expense Owner drws (distribution) Payroll tax (employees) Thent equipment 2,100 5 6,000 $ 14,000 5 3,200 $ 5.800 $ 1,700 $ 5,000 $ 1.2005 $ 42,000 Repairs-equipment Tax Depreciation *** Travel *** Wages to employees Total Expenses s (160,125) Net Income $ (30.125) * John is not eligible to be covered under an employee sponsored plan ** The business purchased atteinturance policy for John. The total premium paid was $4,000 and the business is the beneficiary of the policy. The company also provides policies for the employees. The employees determine the beneficiaries of their policies, and no employees have listed the business as a beneficiary. The cost to the business for the polices covering the employees is $2.000 *** The business purchased some equipment in previous years and the current year tax depreciation on the equipment was $5.000. There were no additional sets placed into service during 2021 **** John attended a conference in Augustin Dallas. The conference was for 2 day 2 nights) and John stayed an additional day and night go going with some friends on incurred the following experies related to the trip Airfare. $250 each way Lodeine 5700 per night same price for single and double occupancy To preprosto add Gr.51 the deduction Sandrodd to come here to use the standard 2013 provide them show where he showed the rooms are est Deprecho SLO dance 57.500 es for the section 195A Deduction fouedscome of $1.300 Due 2001, he said the following Sale Price VES/2015 10/20/2001 S25000.00 10/20/2003 Sa. 00.00 Login DO 1/2 2001 51.00 WI MI SL 191 In 2017, ora 12.000 Son from bond Seso-vest from chedane amunt Othmond Shane from unde Short term wat Sons of 510.000) 16.000 tons from Get Premera participant Tax and Bass 576.0001 who reported the wiped esperes for 2001: out of pocket medical expe-56.100 STALO Calculate the approuincome, adsted on commencome, aplicable credits, and tax due or read amount for 2001 on the ima and Neement Income Tax You must use the individual income tax formula format for your solution John is true and does not use any dependents. John works for local advertising company and then owns is own business sergantom drink itators John came table wages of $2.000 and $22.000 of federal income tax was withheld for 2021. Jotu, anh basis tupayer provide the followires for his business Rowe $ 130,000 Expenses 30 400 $ 3.200 3.000 4100 Advertise Iness meals with customers at restaurants Contribution to political party Donation to American Heart Association (cth to charitable organization) Dues to Country Club to play golf Federal estimated tax payments Health imurance employee Health Insurance (ohn) Interest expense on business loan Latefiting penalty 56,000 "Tuu 3.200 $ 3.600 $ 2000 $ 450 $ 1.500 $ 2.100 5 5.000 Legales ability in Life insurance pensa Liability insurance Life insurance expense Owner drws (distribution) Payroll tax (employees) Thent equipment 2,100 5 6,000 $ 14,000 5 3,200 $ 5.800 $ 1,700 $ 5,000 $ 1.2005 $ 42,000 Repairs-equipment Tax Depreciation *** Travel *** Wages to employees Total Expenses s (160,125) Net Income $ (30.125) * John is not eligible to be covered under an employee sponsored plan ** The business purchased atteinturance policy for John. The total premium paid was $4,000 and the business is the beneficiary of the policy. The company also provides policies for the employees. The employees determine the beneficiaries of their policies, and no employees have listed the business as a beneficiary. The cost to the business for the polices covering the employees is $2.000 *** The business purchased some equipment in previous years and the current year tax depreciation on the equipment was $5.000. There were no additional sets placed into service during 2021 **** John attended a conference in Augustin Dallas. The conference was for 2 day 2 nights) and John stayed an additional day and night go going with some friends on incurred the following experies related to the trip Airfare. $250 each way Lodeine 5700 per night same price for single and double occupancy To preprosto add Gr.51 the deduction Sandrodd to come here to use the standard 2013 provide them show where he showed the rooms are est Deprecho SLO dance 57.500 es for the section 195A Deduction fouedscome of $1.300 Due 2001, he said the following Sale Price VES/2015 10/20/2001 S25000.00 10/20/2003 Sa. 00.00 Login DO 1/2 2001 51.00 WI MI SL 191 In 2017, ora 12.000 Son from bond Seso-vest from chedane amunt Othmond Shane from unde Short term wat Sons of 510.000) 16.000 tons from Get Premera participant Tax and Bass 576.0001 who reported the wiped esperes for 2001: out of pocket medical expe-56.100 STALO Calculate the approuincome, adsted on commencome, aplicable credits, and tax due or read amount for 2001 on the ima and Neement Income Tax You must use the individual income tax formula format for your solution