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, 2019 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, Je The judge owed me a few favors and I really love the kid. He lives with me full-time and my wife gets him every other weekend 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 costus 565 I love Super 8) 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 had a bunch of medical expenses that were not reimbursed by the lawsuito by my insurance lincurred a total of $20.000 medical expenses and I was only 1 2 2 Next > Remember when I told you about that guy that hit me with his car? I had a bunch of medical experses that were not reimbursed by the laws or by my i n ce incurred a total of $20,000 in medical expenses, and I was only reimbursed for $1,000 Good thing I can write of 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!! gave $1000 cash to the March of Dum lconributed some of my old fue to the church. It was some good su contributed a red velvet couch and my old recliner. The future is considered vintage and is worth $5,000 today the appraiser suprised e ven though I only pad Sto00 for back in the day when I contined the furniture, the pastor said he didn't like the fabric and was going to set the furniture to pay for some more pows in the church Oh well, some people just have to taste, righe Roca Cola had a charity drive for the United Way this year and commuted $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 paystub 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 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 me 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 gas to commute to my job this year Oh, this is pretty cool. I've always wanted to be a fuefighter 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 back to me That should be all the information you need right now. Please calculate my taxable income and complete pages 1 and 2 of Form 1040 (through taxable income, line 10) and Schedule A You're still doing this for free, right? Prev 1 2 of 2 Next > 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, 2019 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, Je The judge owed me a few favors and I really love the kid. He lives with me full-time and my wife gets him every other weekend 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 costus 565 I love Super 8) 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 had a bunch of medical expenses that were not reimbursed by the lawsuito by my insurance lincurred a total of $20.000 medical expenses and I was only 1 2 2 Next > Remember when I told you about that guy that hit me with his car? I had a bunch of medical experses that were not reimbursed by the laws or by my i n ce incurred a total of $20,000 in medical expenses, and I was only reimbursed for $1,000 Good thing I can write of 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!! gave $1000 cash to the March of Dum lconributed some of my old fue to the church. It was some good su contributed a red velvet couch and my old recliner. The future is considered vintage and is worth $5,000 today the appraiser suprised e ven though I only pad Sto00 for back in the day when I contined the furniture, the pastor said he didn't like the fabric and was going to set the furniture to pay for some more pows in the church Oh well, some people just have to taste, righe Roca Cola had a charity drive for the United Way this year and commuted $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 paystub 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 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 me 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 gas to commute to my job this year Oh, this is pretty cool. I've always wanted to be a fuefighter 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 back to me That should be all the information you need right now. Please calculate my taxable income and complete pages 1 and 2 of Form 1040 (through taxable income, line 10) and Schedule A You're still doing this for free, right? Prev 1 2 of 2 Next >