Required information (The following information applies to the questions displayed below.) Reba Dixon is a fifth-grade school teacher who earned a salary of $38,300 in 2019. She is 45 years old and has been divorced for four years. She receives $1,240 of alimony payments each month from her former husband (divorced in 2016). Reba also rents out a small apartment building. This year Reba received $50,000 of rental payments from tenants and she incurred $19,500 of expenses associated with the rental. Reba and her daughter Heather (20 years old at the end of the year) moved to Georgia in January of this year. Reba provides more than one-half of Heather's support. They had been living in Colorado for the past 15 years, but ever since her divorce, Reba has been wanting to move back to Georgia to be closer to her family. Luckily, last December, a teaching position opened up and Reba and Heather decided to make the move. Reba paid a moving company $2,090 to move their personal belongings, and she and Heather spent two days driving the 1,442 miles to Georgia. Reba rented a home in Georgia. Heather decided to continue living at home with her mom, but she started attending school full-time in January and throughout the rest of the year at a nearby university. She was awarded a $3,080 partial tuition scholarship this year, and Reba helped out by paying the remaining $500 tuition cost. If possible, Reba thought it would be best to claim the education credit for these expenses. Reba wasn't sure if she would have enough items to help her benefit from itemizing on her tax return. However, she kept track of several expenses this year that she thought might qualify if she was able to itemize. Reba paid $5,880 in state income taxes and $12,580 in charitable contributions during the year. She also paid the following medical-related expenses for herself and Heather: Insurance premiums Medical care expenses Prescription medicine Nonprescription medicine New contact lenses for Heather $8,032 $1,180 $ 430 $ 180 $ 280 Shortly after the move, Reba got distracted while driving and she ran into a street sign. The accident caused $980 in damage to the car and gave her whiplash. Because the repairs were less than her insurance deductible, she paid the entire cost of the repairs. Reba wasn't able to work for two months after the accident. Fortunately, she received $2,080 from her disability insurance. Her employer, the Central Georgia School District, paid 60% of the premiums on the policy as a nontaxable fringe benefit and Reba paid the remaining 40% portion. A few years ago, Reba acquired several investments with her portion of the divorce settlement. This year she reported the following income from her investments: $2,280 of interest income from corporate bonds and $1,580 interest income from City of Denver municipal bonds. Overall, Reba's stock portfolio appreciated by $12,080 but she did not sell any of her stocks. Heather reported $6,360 of interest income from corporate bonds she received as gifts from her father over the last several years. This was Heather's only source of income for the year. Reba had $10,000 of federal income taxes withheld by her employer. Heather made $1,000 of estimated tax payments during the year. Reba did not make any estimated payments. Reba had qualifying insurance for purposes of the Affordable Care Act (ACA). a. Determine Reba's federal income taxes due or taxes payable for the current year. Use Tax Rate Schedule for reference. (Round your intermediate computations and final answers to the nearest whole dollar amount. Leave no answer blank. Enter zero if applicable.) Amount $ $ 38,300 1,240 50,000 2,081 2,280 Description Gross Income: Salary Alimony received Rental receipts Disability insurance payments Interest income from corporate bonds Interest income from municipal bonds (1) Gross income Deductions for AGI: Expenses for rental property (2) Total for AGI deductions (3) AGI From AGI deductions: Medical expenses State income taxes Charitable contributions (4) Total itemized deductions (5) Standard deduction $ 19,500 Charitable contributions (4) Total itemized deductions (5) Standard deduction (6) (7) Taxable income (8) Tax on taxable income (9) Credits (10) Tax prepayments 2019 Tax Rate Schedules Individuals Schedule x Single Schedule 2 Head of Household If taxable incomes But not over The tax is: If taxable income But not over The tas is: S 9,700 s S 13.550 S 0 S 9,700 $ 39,475 10% of taxable income S970 plus 125 of the excess over $9.700 S 13.550 S $2.550 10% of taxable income 51.355 plus 12% of the excess over $13.550 S 39,475 S 34.000 S 52.550 S $4.200 S453 plus 225 of the excess over 539475 56,065 plus 228 of the excess over S52.550 S $4.200 S160.725 S54.200 S160,700 514.352 50 plus 245 of these S54.200 $12.962 plus 24% of the excess over S54.200 S160,725 S204,100 S160, 700 S204.100 $32.745 50 plus 32% of the esce S160.725 $31.322 plus 32 of the excess over S160.700 S204.100 S510,300 S204.100 S510,300 S46,625 50 plus 35 of the excess o S204,100 S45.210 plus 35% of the excess over S204.100 $310.300 SS10.300 S153,795 50 plus 37% of the case 5510.00 S152.380 plus 37% of the excess over S510,300 Schedule Y-1. Married Filling Jointly or Qualityling Widower) Schedule Y 2 Married Filling Separately The taxe Ir taxable income Bar of over The tax is: Ir taxable income But not ever: Isover: S 19.400 5 0 $ 9.700 10% of taxable income $ 19,400 S 78.950 S 9.700 S 39,475 S970 plus 12% of the excess over 59,700 10% of table income S1.940 plus 125 of the cover S19.400 59,066 plus 22% of the excess over 575.950 S 75.950 S165.400 $ 39,475 S $4.200 54.543 plus 229 of the excess over $39.473 S163.400 5321.450 S54200 S160,725 S28.765 plus 24% of the excess over S168.400 S14,382 50 plus 24% of the excess over 534.200 S321.450 S406.250 565.497 plus 325 of S160.725 S204.100 S32.745.50 plus 325 of the excess over S160.725 5321.450 S403.250 5612350 593257 plus 335 of 5204.100 5306,175 S46.628 50 plus 35% of the excess over S204.100 SHOG 250 S612.350 S164.709.50 plus 375 SOS. 175 - $82.354.75 plus 375 of the excess over 5306.175 5612350