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please help hap 8 Comprehensive Problem Print Item Calculator Janice Morgan, age 24, is single and has no dependents. She is a freelance writer. In

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hap 8 Comprehensive Problem Print Item Calculator Janice Morgan, age 24, is single and has no dependents. She is a freelance writer. In January 2018, Janice opened her own office located at 2751 Waldham Road, Pleasant Hill, NM 88135. She called her business Writers Anonymous. Janice is a cash basis taxpayer. She lives at 132 Stone Avenue, Pleasant Hill, NM 88135. Her Social Security number is 123-45-6789. Janice's parents continue to provide health insurance for her under their policy. Janice wants to contribute to the Presidential Election Campaign Fund. During 2018, Janice reported the following income and expense items connected with her business Income from sale of articles Rent Utilities Supplies Insurance Travel (including meals of $1,200) Janice purchased and placed in service the following fixed assets for her business. janice wants to elect immediate expensing unde f possible. $85,000 16,500 7,900 1,800 5,000 3,500 179. Furniture and fixtures (new) costing $21,000 on January 10. . Computer equipment (new) costing $12,400 on July 28 Janice's itemized deductions include: State income tax Home mortgage interest paid to First National Bank Property taxes on home Charitable contribution to her alma mater, State College Janice did not keep a record of the sales tax she paid. The amount from the sales tax table is $437 Janice reports interest income of $4,000 on certificates of deposit at Second National Bank. She made estimated tax payments of $3,000 for 2018. $2,950 6,000 2,500 1,200 Required Compute Janice Morgan's 2018 Federal income tax payable (or refund due) by providing the following information that would be reported on Form 1040 and Schedules A, B, C, and SE Check My Work Calaulator Print Item Provide the following that would be reported on Janice's Form 1040 1. Filling status: The taxpayers filing status: Single v 2. Calculate taxable gross income. 3. Calculate the total adjustments for AGI. 4. Calculate adjusted gross income 20,263 5. Calculate the greater of the standard deduction or itemized deductions 12,650 6. Calculate the qualified busies income deduction 7. Calculate total taxable income. 8. Calculate the income tax Eability. 9 Calculate SE taxes due. 10. Calculate the total tax credits available. 11. Calculate total withholding and tax payments 12. Calculate the amount overpaid (refund): 13. Calculate the amount of taxes owed

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