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Please help with solving this. Thank you! Tax Return #5 Addison Brown, single and age 32. She is employed as regional sales manager by PILLS

Please help with solving this. Thank you!

Tax Return #5

Addison Brown, single and age 32. She is employed as regional sales manager by PILLS Corporation, a manufacturer and distributor of vitamins and food supplements. Addison is paid an annual salary of $50,000. $9,600 of Federal Income Tax was withheld. Addison also has a bookkeeping and tax business that she runs out of her home. Her fees income collected for the year was $25,000. Out of 1,500 square feet of living space in her apartment, Addison has set aside 300 square feet as an office. Expenses for 2020 relating to the office are listed below.

Rent $18,000

Utilities $ 4,000

Insurance $ 1,600

Carpet $ 1,200 (office area only)

Her self-employment-related expenses for 2020 are summarized below.

Airfare $4,100

Lodging $3,200

Business meals $2,800

Entertainment $2,400

Taxi, Uber, etc. $ 300

Business Gifts $ 540

Continuing Education $ 400

Professional journals $ 140

The business gifts were boxes of candy costing $30 sent to 18 clients at Christmas. The continuing education was a noncredit course dealing with improving people management skills that Addison took online. She uses her automobile 10% for business and 90% for personal. During 2020, Addison drove a total of 15,000 miles - use standard mileage rate. Besides the items already mentioned, Addison had the following revenue in 2020: Bank of America interest income of $250 and City of Dallas bond interest of $1,000. Addison's expenditures for 2020 (not previously noted) are summarized below.

Medical 7,000

State and local tax 4,000

Property Taxes 7,000

Church pledge Paid 6,000

Credit card interest 2,000

Tax return preparation fee 500

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