Read the following letter and help Shady Slim with his tax situation. Please assume that his gross income is $172,900 (which consists only of salary) for purposes of this problem. December 31,2022 To the friendly student tax preparer: Hi, it's Shady Slim again. I just got back from my 55 th birthday party, and I'm told that you need some more information from me in order to complete my tax return. I'm an open book! I'll tell you whatever I think you need to know. Let me tell you a few more things about my life. As you may recall, I am divorced from my wife, Alice. I know that it's unusual, but I have custody of my son, Shady Jr. The judge owed me a few favors and I really love the kid. He lives with me full time and my ex-wife gets him every other weekend. I pay the vast majority of my son's expenses. I think Alice should have to pay some child support, but she doesn't have to pay a dime. The judge didn't owe me that much, I guess. I had to move this year after getting my job at Roca Cola. We moved on February 3 of this year, and 1 worked my job at Roca Cola for the rest of the year. I still live in the same state, but I moved 500 miles away from my old house. I hired a moving company to move our stuff at o cost of $2,300, and I drove Junior in my car Junior and 1 got a hotel room along the way that cost us $65 ( l love Super 8). Can you belleve I'm still paying off my student loans, even after 15 years? I pald a total of $900 in interest on my old student loans this year. Remember when I told you about that guy that hit me with his cor? I had a bunch of medical expenses that were nat reimbursed by the lawsuit or by my insurance. I incurred o total of $20.000 in medical expenses, and I was anly reimbursed for $11,000. Good thing I con write off medical expenses. night? I contributed a lot of money to charity this year (and hove receipt documentation for all contributions). tim such a nice guy| I gove $1.000 in cash to the Morch of Dimes. I contributed some or my old furniture to the church ft was 5ome good stulfi contributed o red yelvet couch ond my old reclinet. The furniture is cons dered vintage and is worth $5.000 today (the I paid a lot of money in interest this year. I paid a total of $950 in personal credit card interest. I also paid $18,000 in interest on my $500,000 home mortgage that helped me buy my dream home. I also paid $2,000 in real estate taxes for my new house. A few other things I want to tell you about this year. Someone broke into my house and stole my kid's brand new bicycle and my set of golf clubs. The total loss from theft was $900. I paid $125 in union dues this year. I had to pay $1,200 for new suits for my job. Roca Cola requires its managers to wear suits every day on the job. I spent a total of $1,300 to pay for gos to commute to my job this year. Oh, this is pretty cool. I've always wanted to be a firefighter. I spent $1,400 in tuition to go to the local firefighter's school. did this because someone told me that I can deduct the tuition as an itemized deduction, so the money would be coming bock to me. That should be all the information you need right now. Please calculote my taxable income and complete poge 1 of Form 1040 (through taxable income, line 15) and Schedule A You're stilt doing this for free, fight? a. Calculate the taxable income. Read the following letter and help Shady Slim with his tax situation. Please assume that his gross income is $172,900 (which consists only of salary) for purposes of this problem. December 31,2022 To the friendly student tax preparer: Hi, it's Shady Slim again. I just got back from my 55 th birthday party, and I'm told that you need some more information from me in order to complete my tax return. I'm an open book! I'll tell you whatever I think you need to know. Let me tell you a few more things about my life. As you may recall, I am divorced from my wife, Alice. I know that it's unusual, but I have custody of my son, Shady Jr. The judge owed me a few favors and I really love the kid. He lives with me full time and my ex-wife gets him every other weekend. I pay the vast majority of my son's expenses. I think Alice should have to pay some child support, but she doesn't have to pay a dime. The judge didn't owe me that much, I guess. I had to move this year after getting my job at Roca Cola. We moved on February 3 of this year, and 1 worked my job at Roca Cola for the rest of the year. I still live in the same state, but I moved 500 miles away from my old house. I hired a moving company to move our stuff at o cost of $2,300, and I drove Junior in my car Junior and 1 got a hotel room along the way that cost us $65 ( l love Super 8). Can you belleve I'm still paying off my student loans, even after 15 years? I pald a total of $900 in interest on my old student loans this year. Remember when I told you about that guy that hit me with his cor? I had a bunch of medical expenses that were nat reimbursed by the lawsuit or by my insurance. I incurred o total of $20.000 in medical expenses, and I was anly reimbursed for $11,000. Good thing I con write off medical expenses. night? I contributed a lot of money to charity this year (and hove receipt documentation for all contributions). tim such a nice guy| I gove $1.000 in cash to the Morch of Dimes. I contributed some or my old furniture to the church ft was 5ome good stulfi contributed o red yelvet couch ond my old reclinet. The furniture is cons dered vintage and is worth $5.000 today (the I paid a lot of money in interest this year. I paid a total of $950 in personal credit card interest. I also paid $18,000 in interest on my $500,000 home mortgage that helped me buy my dream home. I also paid $2,000 in real estate taxes for my new house. A few other things I want to tell you about this year. Someone broke into my house and stole my kid's brand new bicycle and my set of golf clubs. The total loss from theft was $900. I paid $125 in union dues this year. I had to pay $1,200 for new suits for my job. Roca Cola requires its managers to wear suits every day on the job. I spent a total of $1,300 to pay for gos to commute to my job this year. Oh, this is pretty cool. I've always wanted to be a firefighter. I spent $1,400 in tuition to go to the local firefighter's school. did this because someone told me that I can deduct the tuition as an itemized deduction, so the money would be coming bock to me. That should be all the information you need right now. Please calculote my taxable income and complete poge 1 of Form 1040 (through taxable income, line 15) and Schedule A You're stilt doing this for free, fight? a. Calculate the taxable income