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Michelle Cooper (age 42) is single and lives in Nevada. Michelle's earnings and withholdings for 2020 are as follows: Salary $ 110,000 Federal Income Tax

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Michelle Cooper (age 42) is single and lives in Nevada. Michelle's earnings and withholdings for 2020 are as follows: Salary $ 110,000 Federal Income Tax Withheld 13,750 State Income Tax Withhold Her other sources of income are - Interest on bank account $ 725 Lottery winnings 550 Gift from her mother 12,000 Monthly alimony received 825 She reviewed her checking account activity for 2020 and has provided the following information - Interest on bank account $ 725 Lottery winnings 550 Gift from her mother 12,000 Monthly alimony received 825 Sales tax paid $ 4,100 Credit card interest 950 Auto loan interest 3,575 Contribution to IRA 6,000 Property taxes on residence 4,300 Doctors' bills 2,400 Medical insurance premiums 9,100 Gym membership 1,100 Qualified residence interest 14,650 Charitable contributions 3,750 Gambling losses 3,000 Michelle also wants you to know the following - Her employer does not have any type of employer-sponsored retirement plan and requires that employees pay for 100% of their health insurance premiums. Her divorce was finalized in 2016. She provides 100% of the support of her mother and father who live in an assisted living facility close to her She provides 100% of the support of her mother and father who live in an assisted living facility close to her home. Both her parents are 82 years old and have less than $4,000 of total income in 2020. a Compute Michelle's taxable income, federal tax liability and federal tax amount due or refund for 2020. Michelle Cooper (age 42) is single and lives in Nevada. Michelle's earnings and withholdings for 2020 are as follows: Salary $ 110,000 Federal Income Tax Withheld 13,750 State Income Tax Withhold Her other sources of income are - Interest on bank account $ 725 Lottery winnings 550 Gift from her mother 12,000 Monthly alimony received 825 She reviewed her checking account activity for 2020 and has provided the following information - Interest on bank account $ 725 Lottery winnings 550 Gift from her mother 12,000 Monthly alimony received 825 Sales tax paid $ 4,100 Credit card interest 950 Auto loan interest 3,575 Contribution to IRA 6,000 Property taxes on residence 4,300 Doctors' bills 2,400 Medical insurance premiums 9,100 Gym membership 1,100 Qualified residence interest 14,650 Charitable contributions 3,750 Gambling losses 3,000 Michelle also wants you to know the following - Her employer does not have any type of employer-sponsored retirement plan and requires that employees pay for 100% of their health insurance premiums. Her divorce was finalized in 2016. She provides 100% of the support of her mother and father who live in an assisted living facility close to her She provides 100% of the support of her mother and father who live in an assisted living facility close to her home. Both her parents are 82 years old and have less than $4,000 of total income in 2020. a Compute Michelle's taxable income, federal tax liability and federal tax amount due or refund for 2020

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