Note: This problem is for the 2022 tax year. Beth R. Jordan 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's birthday is July 4, 1976, and her Social Security number is 123-45-6785. She did not engage in any digital asset transactions during the year, and she 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 2022. During the year, Beth received interest of $1,300 from Arizona Federal Savings and Loan and $400 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 1099DIV. Beth received a $1,100 income tax refund from the state of Arizona on April 29, 2022. On her 2021 Federal income tax return, she used the standard deduction. Fees earned from her part-time tax practice in 2022 totaled $3,800. She paid $600 to have the tax returns processed by a computerized tax return service. On February 8, 2022, Beth bought 500 shares of Gray Corporation common stock for $17.60 a share. On September 12 , 2022 , she sold the stock for $14 a share. On January 2, 2022, Beth acquired 100 shares of Blue Corporation common stock for $30 a share. She sold the stock on December 19 , 2022, 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 sports utility vehicle for $6,000 on June 5, 2022. She purchased the vehicle from her brother-in-law, who was unemployed and was in need of cash. On November 2, 2022, she sold the vehicle to a friend for $6,500. During the year, Beth records revenues of $16,000 from the sale of a software program she developed. She incurred the following expenditures in connection with her software development business. During the year, Beth received interest of $1,300 from Arizona Federal Savings and Loan and $400 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, 2022. On her 2021 Federal income tax return, she used the standard deduction. Fees earned from her part-time tax practice in 2022 totaled $3,800. She paid $600 to have the tax returns processed by a computerized tax return service. On February 8, 2022, Beth bought 500 shares of Gray Corporation common stock for $17.60 a share. On September 12 , 2022 , she sold the stock for $14 a share. On January 2, 2022, Beth acquired 100 shares of Blue Corporation common stock for $30 a share. She sold the stock on December 19 , 2022, 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 sports utility vehicle for $6,000 on June 5,2022 . She purchased the vehicle from her brother-in-law, who was unemployed and was in need of cash. On November 2, 2022, she sold the vehicle to a friend for $6,500. During the year, Beth records revenues of $16,000 from the sale of a software program she developed. She incurred the following expenditures in connection with her software development business. 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, 2022, 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 $1,420 included $200 for the cost of meals. During the year, Beth paid $300 for prescription medicines and $2,875 for medical bills. Medical insurance premiums were paid for her 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 paid estimated Federal income taxes of $1,000. Required: Compute Beth Jordan's 2022 Federal income tax payable (or refund due), and complete her 2021 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 2022 Tax Rate Schedule provided. Do not use the Tax Tables. Married filing separately, $12,950 - Married filing jointly or Qualifying surviving spouse, $25,900 - Head of household, $19,400 - If you checked any box under Standard Deduction, see instructions. c If you elect to use the lump-sum election method, check here (see instructions) . . . . 7 Capital gain or (loss). Attach Schedule D if required. If not required, check here . . . . 8 Other income from Schedule 1 , line 10 9 Add lines 1z, 2b, 3b, 4b, 5b, 6b, 7, and 8. This is your total income 10 Adjustments to income from Schedule 1 , line 26 11 Subtract line 10 from line 9 . This is your adjusted gross income 12 Standard deduction or itemized deductions (from Schedule A) . . . . . . . . 13 Qualified business income deduction from Form 8995 or Form 8995-A 14 Add lines 12 and 13 15 Subtract line 14 from line 11 . If zero or less, enter - 0 -. This is your taxable income. BAA For Disclosure, Privacy Act, and Paperwork Reduction Act Notice, see separate instructions. Form 1040 Tax and 16 Tax (see instructions). Check if any from Form(s): 1 8814 2 4972 3 Credits 17 Amount from Schedule 2, line 3 18 Add lines 16 and 17 19 Child tax credit or credit for other dependents from Schedule 8812 20 Amount from Schedule 3, line 8 21 Add lines 19 and 20 22 Subtract line 21 from line 18. If zero or less, enter -0- 23 Other taxes, including self-employment tax, from Schedule 2 , line 21 24 Add lines 22 and 23. This is your total tax \begin{tabular}{|l|l|} 16 & \\ \hline \end{tabular} - 17 18 20 21 Payments 25 Federal income tax withheld from: a Form(s)W2 \begin{tabular}{|c|l|} \hline 25a & \\ \hline 25b & \\ \hline 25c & \\ \hline \end{tabular} b Form(s) 1099 c Other forms (see instructions) 22 d Add lines 25a through 25c