Prepare a 2016 Form 1040 for the individual below. Also prepare Schedules B.

PERSONAL INFORMATION & WAGES

Lala Chambers, a divorced single taxpayer and practicing attorney, lives at 9551 Oak Leaf Lane in Pine Cove, AZ 86035. Her social security number is 412-34-5670 (date of birth 2/27/1972).

Her W-2 contained the following information:

Wages (box 1) = $83,401.55

Federal W/H (box 2) = $ 9,782.15

Social security wages (box 3) = $83,401.55

Social security W/H (box 4) = $ 5,170.90

Medicare wages (box 5) = $83,401.55

Medicare W/H (box 6) = $ 1,209.32

In addition, Lala made alimony payments totaling $9,600 for the year to her former husband Alex, an unemployed mine worker, whose social security number is 412-34-5671. He found an old girlfriend on Facebook from high school; that is why they got divorced.

She made estimated tax payments this year of $10,000 each quarter of 2016.

INTEREST AND DIVIDEND INCOME

Hint: Interest and dividends go on Schedule B. She also received a 1099 INT reporting interest income from Pine Cove Credit Union in the amount of $204.75. She also has interest from a savings account with Local Neighborhood Bank of $250 and a dividend from a Form 1099-DIV of $1,600 in ordinary dividends, of which $1,350 are considered qualified dividends.

OMB No. 1545-0074 Interest and Ordinary Dividends 2016 Form 1040A or 1040) Rev. January 2017) Department of the Treasury Internal Revenue Service Attach to Form 1040A or 1040. Information about Schedule B and its instructions is at www.irs.gov/scheduleb. No. 08 Name( shown on return Your social security number Part l 1 List name of payer. If any interest is from a seller-financed mortgage and the Amount buyer used the property as a personal residence, see instructions on back and list this interest first. Also, show that buyer's social security number and address Interest See instructions on back and the instructions for Form 1040A, or Form 1040 ine 8a.) Note: If you received a Form 1099-INT, Form 1099-OID, or substitute statement from a brokerage firm, Est the firm's name as the payer and enter the total interest shown on that form 2 3 4 Add the amounts on line 1 Excludable interest on series EE and I U.S. savings bonds issued after 1989 Attach Form 8815 Subtract line 3 from line 2. Enter the result here and on Form 1040A, or Form 1040, line 8a Note: If line 4 is over $1,500, you must Part III. Amount Part Il 5 List name of payer Ordinary Dividends See instructions on back and the instructions for Form 1040A, or Form 1040, ine 9a.) Note: If you received a Form 1099-DIV or substitute statement from a brokerage firm, Est the firm's name as the payer and enter the ordinary dividends shown on that form. 6 Add the amounts on line 5. Enter the total here and on Form 1040A, or Form 1040, line 9a Note: If line 6 is over $1,500, you must Part III. You must complete this part if you (a) had over $1,500 of taxable interest or ordinary dividends; (b) had a foreign account; or (c) received a distribution from, or were a grantor of, or a transferor to, a foreign trust. Yes No Part III Foreign Accounts and Trusts 7a At any time during 2016, did you have a financial interest in or signature authority over a financial account (such as a bank account, securities account, or brokerage account located in a foreign country? See instructions If "Yes," are you required to file FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR), to report that financial interest or signature authority? See FinCEN Fom 114 and its instructions for filing requirements and exceptions to those requirements If you are required to file FinCEN Form 114, enter the name of the foreign country where the financial account is located instructions on back.) b 8 During 2016, did you receive a distribution from, or were you the grantor of, or transferor to, a foreign trust? If "Yes," you may have to file Form 3520. See instructions on back For Paperwork Reduction Act Notice, see your tax return instructions. Cat. No. 17146N Schedule B (Form 1040A or 1040) 2016