PLEASE CAN YOU ANSWER THIS QUESTION VERY CLEARLY AND NEATLY WRITTEN. CAN ANSWER THE QUESTION ON THE FORM THAT GOES IN THE BLUE BLOCKS ONLY PLEASE
PLEASE CANYOU HELP FILL OUT THE BLUE BOXES ONLY
Reba Dixon is a fifth-grade school teacher who earned a salary of $38,000 in 2021. She is 45 years old and has been divorced for four years. She receives $1,200 of alimony payments each month from her former husband (divorced in 2016). Reba also rents out a small apartment building. This year Reba received $50,000 of rental payments from tenants and she incurred $19,500 of expenses associated with the rental. Reba and her daughter Heather (20 years old at the end of the year) moved to Georgia in January of this year. Reba provides more than one-half of Heather's support. They had been living in Colorado for the past 15 years, but ever since her divorce, Reba has been wanting to move back to Georgia to be closer to her family. Luckily, last December, a teaching position opened up and Reba and Heather decided to make the move. Reba paid a moving company $2,150 to move their personal belongings, and she and Heather spent two days driving the 1,500 miles to Georgia. Reba rented a home in Georgia. Heather decided to continue living at home with her mom, but she started attending school full-time in January and throughout the rest of the year at a nearby university. She was awarded a $3,210 partial tuition scholarship this year, and Reba helped out by paying the remaining $500 tuition cost. If possible, Reba thought it would be best to claim the education credit for these expenses. Reba wasn't sure if she would have enough items to help her benefit from itemizing on her tax return. However, she kept track of several expenses this year that she thought might qualify if she was able to itemize. Reba paid $6,220 in state income taxes and $13,410 in charitable contributions during the year. She also paid the following medical-related expenses for herself and Heather: Insurance premiums Medical care expenses Prescription medicine Nonprescription medicine New contact lenses for Heather $ 8,510 $ 1,100 $ 420 $ 100 $ 200 Shortly after the move, Reba got distracted while driving and she ran into a street sign. The accident caused $970 in damage to the car and gave her whiplash. Because the repairs were less than her insurance deductible, she paid the entire cost of the repairs. Reba wasn't able to work for two months after the accident. Fortunately, she received $2,000 from her disability insurance. Her employer, the Central Georgia School District, paid 60 percent of the premiums on the policy as a nontaxable fringe benefit and Reba paid the remaining 40 percent portion. A few years ago, Reba acquired several investments with her portion of the divorce settlement. This year she reported the following income from her investments: $2,200 of interest income from corporate bonds and $1,640 interest income from City of Denver municipal bonds. Overall, Reba's stock portfolio appreciated by $12,860, but she did not sell any of her stocks. Heather reported $6,300 of interest income from corporate bonds she received as gifts from her father over the last several years. This was Heather's only source of income for the year. Reba had $10,720 of federal income taxes withheld by her employer. Heather made $1,070 of estimated tax payments during the year. Reba did not make any estimated payments. Assume Reba received the correct advance payment for her 2021 individual recovery credit. 1 1 Wages, salaries, tips, etc. Attach Form(s) W-2 2a Tax-exempt interest 3a Qualified dividends 2a b Taxable interest. 2b b Ordinary dividends. 3b 4a IRA distributions 4a b Taxable amount 4b 5a Pensions and annuities 5a b Taxable amount 5b 6a Social security benefits b Taxable amount 6b 7 Capital gain or loss). Amount. 7 8 Other income from Schedule 1, line 9 8 9 Add lines 1, 2b, 3b, 4b, 5b, 6, 7, and 8. This is your total income 9 0 10 Adjustments to income: a From Schedule 1, line 22 10a b Charitable contributions if you take the standard deduction. See instruction 10b c Add lines 10a and 10b. These are your total adjustments to income 100 11 Subtract line 10c from line 9. This is your adjusted gross income 11 12 Standard deduction or itemized deductions (from Schedule A) 12 13 Qualified business income deduction. Attach Form 8995 or Form 8995-A 13 14 Add lines 12 and 13 14 15 Taxable income. Subtract line 14 from line 11. If zero or less, enter-O- 15 16 Tax (see instructions). Amount. 2014 8814 4972 16 17 18 0 17 Amount from Schedule 2, line 3... 18 Add lines 16 and 17 19 Child tax credit or credit for other dependents 20 Amount from Schedule 3, line 7 19 20 21 Add lines 19 and 20 21 0 22 Subtract line 21 from line 18. If zero or less, enter-O- 22 23 > 24 0 23 Other taxes, including self-employment tax, from Schedule 2, line 10 24 Add lines 22 and 23. This is your total tax 25 Federal income tax withheld from: : a Form(s) W-2 W b Form(s) 1099 c Other forms (see instructions) d Add lines 25a through 250 25a 25b 25c 250 0 26 2020 estimated tax payments and amount applied from 2019 return. 26 27 28 29 30 31 32 0 27 Earned income credit (EIC) 28 Additional child tax credit. Attach Schedule 8812 . 29 American opportunity credit from Form 8863, line 8 30 Recovery rebate credit. See instructions 31 Amount from Schedule 3, line 13 32 Add lines 27 through 31. These are your total other payments and refundable credits 33 Add lines 250, 26, and 32. These are your total payments 34 If line 33 is more than line 24, subtract line 24 from line 33. This is the amount you overpaid 35a Amount of line 34 you want refunded to you. Routing number d Account number 36 Amount of line 34 you want applied to your 2021 estimated tax 33 0 34 35a c Type: Checking Savings 36 Reba Dixon is a fifth-grade school teacher who earned a salary of $38,000 in 2021. She is 45 years old and has been divorced for four years. She receives $1,200 of alimony payments each month from her former husband (divorced in 2016). Reba also rents out a small apartment building. This year Reba received $50,000 of rental payments from tenants and she incurred $19,500 of expenses associated with the rental. Reba and her daughter Heather (20 years old at the end of the year) moved to Georgia in January of this year. Reba provides more than one-half of Heather's support. They had been living in Colorado for the past 15 years, but ever since her divorce, Reba has been wanting to move back to Georgia to be closer to her family. Luckily, last December, a teaching position opened up and Reba and Heather decided to make the move. Reba paid a moving company $2,150 to move their personal belongings, and she and Heather spent two days driving the 1,500 miles to Georgia. Reba rented a home in Georgia. Heather decided to continue living at home with her mom, but she started attending school full-time in January and throughout the rest of the year at a nearby university. She was awarded a $3,210 partial tuition scholarship this year, and Reba helped out by paying the remaining $500 tuition cost. If possible, Reba thought it would be best to claim the education credit for these expenses. Reba wasn't sure if she would have enough items to help her benefit from itemizing on her tax return. However, she kept track of several expenses this year that she thought might qualify if she was able to itemize. Reba paid $6,220 in state income taxes and $13,410 in charitable contributions during the year. She also paid the following medical-related expenses for herself and Heather: Insurance premiums Medical care expenses Prescription medicine Nonprescription medicine New contact lenses for Heather $ 8,510 $ 1,100 $ 420 $ 100 $ 200 Shortly after the move, Reba got distracted while driving and she ran into a street sign. The accident caused $970 in damage to the car and gave her whiplash. Because the repairs were less than her insurance deductible, she paid the entire cost of the repairs. Reba wasn't able to work for two months after the accident. Fortunately, she received $2,000 from her disability insurance. Her employer, the Central Georgia School District, paid 60 percent of the premiums on the policy as a nontaxable fringe benefit and Reba paid the remaining 40 percent portion. A few years ago, Reba acquired several investments with her portion of the divorce settlement. This year she reported the following income from her investments: $2,200 of interest income from corporate bonds and $1,640 interest income from City of Denver municipal bonds. Overall, Reba's stock portfolio appreciated by $12,860, but she did not sell any of her stocks. Heather reported $6,300 of interest income from corporate bonds she received as gifts from her father over the last several years. This was Heather's only source of income for the year. Reba had $10,720 of federal income taxes withheld by her employer. Heather made $1,070 of estimated tax payments during the year. Reba did not make any estimated payments. Assume Reba received the correct advance payment for her 2021 individual recovery credit. 1 1 Wages, salaries, tips, etc. Attach Form(s) W-2 2a Tax-exempt interest 3a Qualified dividends 2a b Taxable interest. 2b b Ordinary dividends. 3b 4a IRA distributions 4a b Taxable amount 4b 5a Pensions and annuities 5a b Taxable amount 5b 6a Social security benefits b Taxable amount 6b 7 Capital gain or loss). Amount. 7 8 Other income from Schedule 1, line 9 8 9 Add lines 1, 2b, 3b, 4b, 5b, 6, 7, and 8. This is your total income 9 0 10 Adjustments to income: a From Schedule 1, line 22 10a b Charitable contributions if you take the standard deduction. See instruction 10b c Add lines 10a and 10b. These are your total adjustments to income 100 11 Subtract line 10c from line 9. This is your adjusted gross income 11 12 Standard deduction or itemized deductions (from Schedule A) 12 13 Qualified business income deduction. Attach Form 8995 or Form 8995-A 13 14 Add lines 12 and 13 14 15 Taxable income. Subtract line 14 from line 11. If zero or less, enter-O- 15 16 Tax (see instructions). Amount. 2014 8814 4972 16 17 18 0 17 Amount from Schedule 2, line 3... 18 Add lines 16 and 17 19 Child tax credit or credit for other dependents 20 Amount from Schedule 3, line 7 19 20 21 Add lines 19 and 20 21 0 22 Subtract line 21 from line 18. If zero or less, enter-O- 22 23 > 24 0 23 Other taxes, including self-employment tax, from Schedule 2, line 10 24 Add lines 22 and 23. This is your total tax 25 Federal income tax withheld from: : a Form(s) W-2 W b Form(s) 1099 c Other forms (see instructions) d Add lines 25a through 250 25a 25b 25c 250 0 26 2020 estimated tax payments and amount applied from 2019 return. 26 27 28 29 30 31 32 0 27 Earned income credit (EIC) 28 Additional child tax credit. Attach Schedule 8812 . 29 American opportunity credit from Form 8863, line 8 30 Recovery rebate credit. See instructions 31 Amount from Schedule 3, line 13 32 Add lines 27 through 31. These are your total other payments and refundable credits 33 Add lines 250, 26, and 32. These are your total payments 34 If line 33 is more than line 24, subtract line 24 from line 33. This is the amount you overpaid 35a Amount of line 34 you want refunded to you. Routing number d Account number 36 Amount of line 34 you want applied to your 2021 estimated tax 33 0 34 35a c Type: Checking Savings 36
