Required information [The following information applies to the questions displayed below.) 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, 2021 To the friendly student tax preparer: Hi, It's Shady Slim again. I just got back from my 55th 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 I 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 a cost of $2,300, and I drove Junior in my car. Junior and I got a hotel room along the way that cost us $65 (I love Super 81). Can you believe I'm still paying off my student loans, even after 15 years? I paid 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 car? I had a bunch of medical expenses that were not reimbursed by the lawsuit or by my insurance. I incurred a total of $20,000 in medical expenses, and I was only reimbursed for $11,000. Good thing I can write off medical expenses, right? I contributed a lot of money to charity this year and have receipt documentation for all contributions). I'm such a nice guy! I gave $1,000 in cash to the March of Dimes. I contributed some of my old furniture to the church. It was some good stuff! | contributed a red velvet couch and my old recliner. The furniture is considered vintage and is worth $5,000 today (the appraiser surprised mel), even though I only paid $1,000 for it back in the day. When I contributed the furniture, the pastor said he didn't like the fabric and was going to sell the furniture to pay for some more pews in the church. Oh well , some people just have no taste, right? Roca Cola had a charity drive for the United Way this year and I contributed $90. Turns out, I don't even miss it because Roca Cola takes it right off my paycheck every month... $15 a month starting in July, My pay stub verifies that I contributed the $90 to the United Way. Oh, one other bit of charity from me this year. An old buddy of mine was down on his luck. He lost his job and his house. I gave him $500 to help him out. 1 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 sults for my job. Roca Cola requires its managers to wear sults every day on the job. I spent a total of $1,300 to pay for gas 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. I did this because someone told me that I can deduct the tuition as an itemized deduction, so the money would be coming back to me. That should be all the information you need right now. Please calculate my taxable income and complete page 1 of Form 1040 (through taxable income, line 15) and Schedule A. You're still doing this for free, right? b. Complete pages 1 of Form 1040 (through taxable income, line 15) and Schedule A. Shady Slim's address is 19010 N.W. 135th Street, Miami, FL 33054. Social security numbers: Shady Slim: 123-45-6789 Shady Slim Jr. 222-22-2222 (Round your intermediate computations to the nearest whole dollar amount. Input all the values as positive numbers. Enter any non-financial information, (e.g. Names, Addresses, social security numbers) EXACTLY as they appear in any given information or Problem Statement. Use 2021 tax rules regardless of year on form.) Form 1040 for a Head of household with one dependent. 1040 PG 1 Schedule A Form 1040 Page 1. Form 4AAN Department of the Treasury- Internal Revenue Service (99) U.S. Individual Required information Department of the Treasury- Form Internal Revenue Service (99) 1040 U.S. Individual 2020 Income Tax Return OMB No 1545-0074 IRS Use Only-Do not write or staple in this space Filing Status Single Married filing Married fing separately (MFS) Head of household (HOH) Quailtying widower) (OW) jointly Check ooily If you checked the MFS box, enter the name of your spouse. If you checked the HOH or ow box, enter the child's name if the qualifying person is de box a child but not your dependent Your first name and middle initial Last name Your social security number Shady Spouse's social security number ir joint ratum, epouse's first name and midde initial Last name Home address number and street). If you have a PO box, see instructions Apt, no. Presidential Election Campaign Chy, town, or post office you have a foreign address, so completa space below San ZIP code Check here if you, or your spouse sing jointly want to go to this and Checking a box below will not change your tax or round, Foreign country name Foreign province only Foreign postal code You Spouse IN You At any time during 2020, did you receive, soll, sond, exchange, or otherwise acquire any financial interest in any virtual currency Someone con Standard You as a dependent ch Your ses dependent D 8 Required information Deduction Age/Blindness Spous itemizes on a separate return or you were a dual-status alien You Were born before January 2, 1956 Are blind (see instructions) (2) Social security number Dependents Spouse: Was born before January 2 1956 Is blind (3) Relationship to you (4) qualifies for (se instructions) Credit for other Child tax credit dependents (5) First name Last name more than four dependents see instructions and check here 14 ULEI CON 2b 36 b Taxable interest Ordinary dividends Thxable amount Taxable amount Tiable amount 45 5b D 1 Wages, stories, tips, el Altach Form) W2 20 2a Tax-exempt interest Attach Sch B required Sa Qualified dividends 3a 4 IRA distributions 4 5a Pensions and annuities ba a social security benefits 7 Capital gain oro) Attach Schedule Dir required, if not required, check Standard Decution for the income from Schedule 1, line 2 Single or Married filing op Addines 1,26,36.6, 5, 6, 7 and 8. This is your total income 512.400 Married Wing 10 Adjustments to income jointly or Qualifying From Schedule 1. in 22 > 7 9 0 108 Required information Attach Sch. 2a Tax-exempt interest 20 b Taxable interest 20 required 3a Qualified dividends 3a b Ordinary dividends 36 4a IRA distributions 40 b Taxable amount 4b 5a Pensions and annuities 5a Taxable amount 5b 6a Social security benefits 6a Taxable amount 60 Capital gain or (loss). Attach Schedule Dif required. If not required, check 7 here Standard Deduction for Other income from Schedulo 1, line B Single or Married Ring separately 9 Add lines 1, 25, 36, 40, 65, 66, 7 and 8. This le your total income 9 0 $12.400 Married Tiling 10 Adjustments to income jointly or Qualifying From Schedule 1,022 100 widower 524.800 b Charitable contribution of you take the standard deduction. See instruction 10 Head of household 100 Add fines 10 and 106. These are your total adjustments to income $18.650 If you checked 11 Subtract line 100 from line. This is your adjusted gross income 11 0 any box under Standard 12 Standard deduction or temcred deductions from Schedule A) 12 Deduction soe instruction 13 Outled beness income coduction Attach Form 8006 of Form 2005 A 13 14 Add lines 12 and 13 14 0 15 Taxable income Subtract line 14 from line 11. If zero or loss, entero 15 0 For Disclosure, Privacy Act, and Paperwork Reduction Act Notice, se separate Instructions. Cat No. 113208 Form 1040 (2020) THIS FORM IS A SIMULATION OF AN OFFICIAL U.S. TAX FORM, IT IS NOT THE OFFICIAL FORM ITSELF. DO NOT USE THIS FORM FOR TAX FILINGS OR FOR ANY