Note: This problem is for the $2023$ tax year.

Beth R$.$ Jordan, CPA, MST$,$ lives at $2322$ Skyview Road, Mesa, AZ $85201.$ She is a tax accountant with Mesa Manufacturing Company, $1203$ Western Avenue, Mesa, AZ $85201($employer identification number $11-1111111).$ She also writes computer software programs for tax practitioners and has a part$-$time tax practice. Beth is single and has no dependents. Beth was born on July $4,1988,$ and her Social Security number is $123-45-6785.$ She owns a fraction of a bitcoin which she held for all of $2023($no transactions$).$ Beth wants to contribute $$3$ to the Presidential Election Campaign Fund.

The following information is shown on Beth's Wage and Tax Statement $($Form W$2)$ for $2023.$

Line Description Amount

$1$ Wages, tips, other compensation $$95,000\mathrm{.}00$

$2$ Federal income tax withheld $15,500\mathrm{.}00$

$3$ Social Security wages $95,000\mathrm{.}00$

$4$ Social Security tax withheld $5,890\mathrm{.}00$

$5$ Medicare wages and tips $95,000\mathrm{.}00$

$6$ Medicare tax withheld $1,377\mathrm{.}50$

$15$ State Arizona

$16$ State wages, tips, etc. $95,000\mathrm{.}00$

$17$ State income tax withheld $3,954\mathrm{.}00$

During the year, Beth received interest of $$300$ from Arizona Federal Savings and Loan and $$40$ from Arizona State Bank. Each financial institution reported the interest income on a Form $1099$INT$.$ She received qualified dividends of $$800$ from Blue Corporation, $$750$ from Green Corporation, and $$650$ from Orange Corporation. Each corporation reported Beth's dividend payments on a Form $1099$DIV$.$

Beth received a $$1,100$ income tax refund from the state of Arizona on April $29,2023.$ On her $2022$ Federal income tax return, she used the standard deduction.

Fees earned from her part$-$time tax practice in $2023$ totaled $$7,800.$ She paid $$600$ to have the tax returns processed by a computerized tax return service.

On February $8,2023,$ Beth bought $500$ shares of Gray Corporation common stock for $$17\mathrm{.}60$ a share. On September $12,2023,$ Beth sold the stock for $$14$ a share.

On January $2,2023,$ Beth acquired $100$ shares of Blue Corporation common stock for $$30$ a share. She sold the stock on December $19,2023,$ for $$55$ a share. Both stock transactions were reported to Beth on Form $1099$B; basis was not reported to the IRS.

Beth bought a used sport utility vehicle for $$6,000$ on June $5,2023.$ She purchased the vehicle from her brother$-$in$-$law, who was unemployed and was in need of cash. On November $2,2023,$ she sold the vehicle to a friend for $$6,500.$

During the year, Beth records revenues of $$26,000$ from the sale of a software program she developed. Beth incurred the following expenses in connection with her software development business.

Cost of personal computer $$7,800$

Cost of printer $2,000$

Furniture $3,000$

Supplies $650$

Fee paid to computer consultant $3,500$

Beth elected to expense the maximum portion of the cost of the computer, printer, and furniture allowed under the provisions of $179.$ These items were placed in service on January $15,2023,$ and used $100\%$ in her business.

Although her employer suggested that Beth attend an in$-$person conference on current developments in corporate taxation, Beth was not reimbursed for the travel expenses of $$1,420$ she incurred in attending the meeting. The $$1,420$ included $$200$ for the cost of meals.

During the year, Beth paid $$300$ for prescription medicines and $$2,875$ for doctor bills and hospital bills. Medical insurance premiums were paid by her employer. Beth paid real property taxes of $$1,766$ on her home. Interest on her home mortgage $($Valley National Bank$)$ was $$3,845,$ and credit card interest was $$320.$ Beth contributed $$2,080$ in cash to various qualifying charities during the year. Professional dues and subscriptions totaled $$350.$

Beth wants to reduce her carbon footprint. In $2023,$ she paid $$500$ to a qualified home energy auditor for a home energy audit. She received a written report that identifies significant energy efficient improvements she can make to her home.

Beth paid estimated taxes of $$1,000.$

Required:

Compute Beth Jordan's $2023$ Federal income tax payable $($or refund due$),$ and complete her $2023$ tax return using appropriate forms and schedules and the Qualified Dividends and Capital Gain Tax Worksheet.

Make realistic assumptions about any missing data.

If an amount box does not require an entry or the answer is zero, enter $"0".$

Enter all amounts as positive numbers, unless instructed otherwise.

It may be necessary to complete the tax schedules before completing Form $1040.$

When computing the tax liability, do not round your immediate calculations. If required round your final answers to the nearest dollar.

Use the $2023$ Tax Rate Schedule provided. Do not use the Tax Tables.

Complete Form $1040,$ Schedule $1,$ Schedule $2,$ Schedule $3,$ Schedule B$,$ Schedule D$,$ Form $8949,$ Schedule C$,$ Schedule SE$,$ Form $8995,$Form $4562,,$ and Qualified Dividends and Capital Gain Tax Worksheet