PLEASE CAN YOU CLEARLY WRITTEN HELP ME FILL THIS OUT

CAN YOU HELP ME FILL OUT THIS CHART

Diana and Ryan Workman were married on January 1 of last year. Diana has an eight-year-old son, Jorge, from her previous marriage. Ryan works as a computer programmer at Datafile Incorporated (DI) earning a salary of $103,500. Diana is self-employed and runs a day care center. The Workmans reported the following financial information pertaining to their activities during the current year. a. Ryan earned a $103,500 salary for the year. b. Ryan borrowed $13,500 from Dl to purchase a car. De charged him 2 percent interest ($270) on the loan, which Ryan paid on December 31. DI would have charged Ryan $870 if interest had been calculated at the applicable federal interest rate. Assume that tax avoidance was not a motive for the loan. c. Diana received $2,750 in alimony and $6,000 in child support payments from her former husband. They divorced in 2016. d. Diana won a $1,050 cash prize at her church-sponsored Bingo game. e. The Workmans received $1,250 of interest from corporate bonds and $1,000 of interest from a municipal bond. Diana owned these bonds before she married Ryan. f. The couple bought 80 shares of ABC Incorporated stock for $55 per share on July 2. The stock was worth $77 a share on December 31. The stock paid a dividend of $1 per share on December 1. g. Diana's father passed away on April 14. She inherited cash of $65,000 from her father and his baseball card collection, valued at $3,500. As the beneficiary of her father's life insurance policy, Diana also received $165,000. h. The couple spent a weekend in Atlantic City in November and came home with gross gambling winnings of $2,700. i. Ryan received $3,400 cash for reaching 10 years of continuous service at DI. j. Ryan was hit and injured by a drunk driver while crossing a street at a crosswalk. He was unable to work for a month. He received $9,000 from his disability insurance. Dl paid the premiums for Ryan, but it reported the amount of the premiums as compensation to Ryan on his year-end W-2. k. The drunk driver who hit Ryan in part (1) was required to pay his $3,500 medical costs, $3,000 for the emotional trauma he suffered from the accident, and $8,000 for punitive damages. 1. For meeting his performance goals this year, Ryan was informed on December 27 that he would receive a $6,500 year- end bonus. DI (located in Houston, Texas) mailed Ryan's bonus check from its payroll processing center (Tampa, Florida) on December 28. Ryan didn't receive the check at his home until January 2. m. Diana is a 10 percent owner of MNO Incorporated, a Subchapter S corporation. The company reported ordinary business income for the year of $122,000. Diana acquired the MNO stock two years ago. n. Diana's day care business collected $110,000 in revenues. In addition, customers owed her $10,500 at year-end. During the year, Diana spent $13,000 for supplies, $9,000 for utilities, $30,000 for rent, and $1,250 for miscellaneous expenses. One customer gave her use of his vacation home for a week (worth $10,000) in exchange for Diana allowing his child to attend the day care center free of charge. Diana accounts for her business activities using the cash method of accounting. 1 Wages, salaries, tips, etc. Attach Form(s) W-2 = Tax-exempt interest Qualified dividends 2a b Taxable interest. 2b 3a b Ordinary dividends. 3b IRA distributions 4a b Taxable amount 4b Pensions and annuities 5 b Taxable amount 5b Social security benefits b Taxable amount 6b Capital gain or (loss). Amount 7 Other income from Schedule 1, line 9 00 Add lines 1, 2b, 3b, 4b, 5b, 6, 7, and 8. This is your total income 9 Adjustments to income: From Schedule 1, line 22 10a Charitable contributions if you take the standard deduction. See instruction 10b Add lines 10a and 10b. These are your total adjustments to income 10c Subtract line 10c from line 9. This is your adjusted gross income 11 Standard deduction or itemized deductions (from Schedule A) 12 Qualified business income deduction. Attach Form 8995 or Form 8995-A 13 Add lines 12 and 13 14 Taxable income. Subtract line 14 from line 11. If zero or less, enter-O- 15 Diana and Ryan Workman were married on January 1 of last year. Diana has an eight-year-old son, Jorge, from her previous marriage. Ryan works as a computer programmer at Datafile Incorporated (DI) earning a salary of $103,500. Diana is self-employed and runs a day care center. The Workmans reported the following financial information pertaining to their activities during the current year. a. Ryan earned a $103,500 salary for the year. b. Ryan borrowed $13,500 from Dl to purchase a car. De charged him 2 percent interest ($270) on the loan, which Ryan paid on December 31. DI would have charged Ryan $870 if interest had been calculated at the applicable federal interest rate. Assume that tax avoidance was not a motive for the loan. c. Diana received $2,750 in alimony and $6,000 in child support payments from her former husband. They divorced in 2016. d. Diana won a $1,050 cash prize at her church-sponsored Bingo game. e. The Workmans received $1,250 of interest from corporate bonds and $1,000 of interest from a municipal bond. Diana owned these bonds before she married Ryan. f. The couple bought 80 shares of ABC Incorporated stock for $55 per share on July 2. The stock was worth $77 a share on December 31. The stock paid a dividend of $1 per share on December 1. g. Diana's father passed away on April 14. She inherited cash of $65,000 from her father and his baseball card collection, valued at $3,500. As the beneficiary of her father's life insurance policy, Diana also received $165,000. h. The couple spent a weekend in Atlantic City in November and came home with gross gambling winnings of $2,700. i. Ryan received $3,400 cash for reaching 10 years of continuous service at DI. j. Ryan was hit and injured by a drunk driver while crossing a street at a crosswalk. He was unable to work for a month. He received $9,000 from his disability insurance. Dl paid the premiums for Ryan, but it reported the amount of the premiums as compensation to Ryan on his year-end W-2. k. The drunk driver who hit Ryan in part (1) was required to pay his $3,500 medical costs, $3,000 for the emotional trauma he suffered from the accident, and $8,000 for punitive damages. 1. For meeting his performance goals this year, Ryan was informed on December 27 that he would receive a $6,500 year- end bonus. DI (located in Houston, Texas) mailed Ryan's bonus check from its payroll processing center (Tampa, Florida) on December 28. Ryan didn't receive the check at his home until January 2. m. Diana is a 10 percent owner of MNO Incorporated, a Subchapter S corporation. The company reported ordinary business income for the year of $122,000. Diana acquired the MNO stock two years ago. n. Diana's day care business collected $110,000 in revenues. In addition, customers owed her $10,500 at year-end. During the year, Diana spent $13,000 for supplies, $9,000 for utilities, $30,000 for rent, and $1,250 for miscellaneous expenses. One customer gave her use of his vacation home for a week (worth $10,000) in exchange for Diana allowing his child to attend the day care center free of charge. Diana accounts for her business activities using the cash method of accounting. 1 Wages, salaries, tips, etc. Attach Form(s) W-2 = Tax-exempt interest Qualified dividends 2a b Taxable interest. 2b 3a b Ordinary dividends. 3b IRA distributions 4a b Taxable amount 4b Pensions and annuities 5 b Taxable amount 5b Social security benefits b Taxable amount 6b Capital gain or (loss). Amount 7 Other income from Schedule 1, line 9 00 Add lines 1, 2b, 3b, 4b, 5b, 6, 7, and 8. This is your total income 9 Adjustments to income: From Schedule 1, line 22 10a Charitable contributions if you take the standard deduction. See instruction 10b Add lines 10a and 10b. These are your total adjustments to income 10c Subtract line 10c from line 9. This is your adjusted gross income 11 Standard deduction or itemized deductions (from Schedule A) 12 Qualified business income deduction. Attach Form 8995 or Form 8995-A 13 Add lines 12 and 13 14 Taxable income. Subtract line 14 from line 11. If zero or less, enter-O- 15