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need to prepare for 2019 form 1040, schedule b and schedule 1 please. my professor said to use $11277 for the federal tax withheld 1:3-59
need to prepare for 2019 form 1040, schedule b and schedule 1 please. my professor said to use $11277 for the federal tax withheld
1:3-59 TAX FORM/RETURN PREPARATION PROBLEM Sally W. Emanual, a teacher, had the following dividends and interest during the year: Acorn Corporation bond interest S 700 City of Boston bonds interest 1,000 Camp Bank interest 1,250 Jet Corporation dividend (qualified) 1,300 North Mutual fund Capital gain distribution 100 Ordinary dividend (qualified) 150 Nontaxable distribution 200 450 Blue Corporation foreign dividend 250 Additional information pertaining to Sally Emanual includes Salary $70,000 Rent income 12,000 Expenses related to rent income 14,000 Pension benefits 7,000 Taxable alimony paid to Sally 4,000 The taxable portion of the pension is $7,000. Sally actively participates in the rental activity Other relevant information includes Address: 430 Rumsey Place, West Falls, California 92699 Occupation: Credit manager Social Security number: 123-45-6789 Marital status: Single Complete Sally's Schedule 1, Schedule B and compute her taxable income on Form 1040. Assume Schedule E has already been prepared Step by Step Solution
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