Question
Please find attached Tax Documentation for Ann M Smith: 1. DOB: July 1, 1955 2. Ann was unmarried as of December 31, 2022. 3. She
Please find attached Tax Documentation for Ann M Smith: 1. DOB: July 1, 1955 2. Ann was unmarried as of December 31, 2022. 3. She doesnt have any dependents and wants to contribute to the Presidential Election Campaign. 4. Ann received Taxable Interest of $500 from Regions Bank 5. Ann Received Social Security Benefits of $ 24,000 with no tax withheld for Tax year 2022. 6. Ann calculated her Itemized Deductions to be $ 14,150. 7. Ann received a 1099-NEC for $25,000 with no Tax Withheld. 8. Some of the expenses as a contractor include: Business Mile (2,000 from January to June), tolls 250, and Parking fees 150), Advertising 250, Telephone expenses prorated for business 1000, Supplies 2,500. 9. 9. Ann made 2022 estimated payments in the amount of 3,500.
Required:
A. Prepared Form 1040
B. Prepared the Simplified Taxable Social Security Worksheet and determine the TAXABLE SS
C. Prepare Schedule C and Schedule SE
D. Plug any numbers from Schedule C and Schedule SE into Schedules 1, 2, and 3 and to Form 1040.
E. Your answer must include Form 1040, SS Worksheet, Schedule C, Schedule SE, Schedules 1, 2, an 3.
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