Shauna Coleman is single. She is employed as an architectural designer for Streamline Design (SD). Shauna wanted to determine her taxable income for this year (2021). She correctly calculated her AGI. However, she wasn't sure how to compute the rest of her taxable income. She provided the following information with hopes that you could use it to determine her taxable income. a. Shauna paid $4,700 for medical expenses for care related to a broken ankle. Also, Shauna's boyfriend, Blake, drove Shauna (in her car) a total of 115 miles to the doctor's office so she could receive care for her broken ankle. b. Shauna paid a total of $3,450 in health insurance premiums during the year (not through an exchange). SD did not reimburse any of this expense. Besides the health insurance premiums and the medical expenses for her broken ankle, Shauna had Lasik eye surgery last year and paid $3,050 for the surgery (she received no insurance reimbursement). She also incurred $470 of other medical expenses for the year. c. SD withheld $1.850 of state income tax, $7,545 of Social Security tax, and $14.700 of federal income tax from Shauna's paychecks throughout the year. d. In 2021, Shauna was due a refund of $270 for overpaying her 2020 state taxes. On her 2020 state tax return that she filed in April 2021, she applied the overpayment toward her 2021 state tax liability. She estimated that her state tax liability for 2021 will be $2.350. e. Shauna paid $3,250 of property taxes on her personal residence. She also paid $520 to the developer of her subdivision because he had to replace the sidewalk certain areas of the subdivision, f. Shauna paid a $220 property tax based on the state's estimate of the value of her car. g. Shauna has a home mortgage loan the amount of $230,000 that she secured when she purchased her home. The home is worth about $410,000. Shauna paid interest of $12,500 on the loan this year. h. Shauna made several charitable contributions throughout the year. She contributed stock in ZYX Corporation to the Red Cross. On the date of the contribution, the fair market value of the donated shares was $1,200 and her basis in the shares was $480. Shauna originally bought the ZYX Corporation stock in 2009. Shauna also contributed $320 cash to State University and religious artifacts she has held for several years to her church. The artifacts were valued at $520 and Shauna's basis in the items was $320. Shauna had every reason to believe the church would keep them on display indefinitely. Shauna also drove 200 miles doing church-related errands for her minister. Finally, Shauna contributed $1,250 of services to her church last year. 1. Shauna paid $270 in investment advisory fees and another $170 to have her tax return prepared (that is, she paid $170 in 2021 to have her 2020 tax return prepared). Prey 1 2 of 2 REE Next > them on display indefinitely. Shauna also drove 200 miles doing church-related errands for her minister. Finally, Shauna contributed $1,250 of services to her church last year. 1. Shauna paid $270 in investment advisory fees and another $170 to have her tax return prepared (that is, she paid $170 in 2021 to have her 2020 tax return prepared). j. Shauna is involved in horse racing as a hobby. During the year, she won $2,550 in prize money and incurred $12,000 in expenses. She has never had a profitable year with her horse-racing activities, so she acknowledges that this is a hobby for federal income tax purposes. k. Shauna sustained $2,050 in gambling losses over the year (mostly horse-racing bets) and had only $220 in winnings b-2. Complete page 1 of Form 1040 (through taxable income, line 15) and Schedule A assuming her AGI is $217,000. (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.) Shauna's address is 19010 N.W. 135th Street, Miami, FL 33054. Social security numbers: Shauna Coleman: 111-11-1111 A Required information Department of the Treasury-Internal Revenue Service (99) Form 1040 U.S. Individual Income Tax Return 2020 OMB No 1545-0074 IRS Use Only-Do not write or staple in this space Filing Status Single Married Ning Jointly Married filing separately (MFS) Head of household (HOH) Qualifying widow(er) (W) @w Check only If you checked the MFS box, enter the name of your spouse If you checked the HOH or GW box, enter the child's name if the qualifying person is one box a child but not your dependent Your first name and middle initial Last name Your social security number Shauna Coleman 111-11-1111 If joint retum, spouse's first name and middle initial Last name Spouse's social security number Apt no Presidential Election Campaign Home address (number and street) if you have a PO box see instructions 19010 NW 135th Street City, town, or post office. If you have a foreign address also complete spaces below Miami, FL 33054 Foreign country name Foreign province/State/county State ZIP code Check here if you, or your spouse if filing jointly, want to go to this fund. Checking a box below will not chang your tax or refund Foreign postal code You Ores ia Spouse At any time during 2020, did you receive, sell, send, exchange or otherwise acquire any financial interest in any virtual currency? NO Standard Someone can claim You as a dependent Your spouse as a dependent Deduction Spouse itemizes on a separate relurn or you were a dual-status alien Age/Blindness You: Were born before January 2, 1956 Are blind Spouse: Was born before January 2, 1956 Is blind Dependents (see instructions) (2) Social security number (3) Relationship to you (4) Vif qualities for (see instructions) (1) First name Last name + Child tax credit Credit for other dependents If more than four dependents, see Check *-on . NO Required information USPOUSe Kems or de TI YOLL WILSUS You Were tom before January 2, 1956 Are blind 12 Age/Blindness Dependents (2) Social security number (see Instructions) (1) First name Spouse: was born before January 2, 1956 Is blind (3) Relationship to you (4) Vir qualifies for (see instructions) Chillax credit Credit for other dependents Last name O If more than four dependents, see Instructions and check here OOK 1 Wages, salaries, tips eta Allach Form(s) W-2 cences 2a Tax exempt interest 2a| b Taxable interest 20 Attach Sch BV . required 3a Qualified dividends 3a b Ordinary dividends 36 4a IRA distributions 4a b Taxable amount 40 5a Pensions and annuities 5a b Taxable amount 5b 6a Social security benefits b b Taxable amount 5b 7 Capital gain or loss) Altach Schedule Difrequired if not required, check here 8 Other income from Schedule 1 line 9 8 9 Add lines 1, 26, 35, 40, 50 6b, 7 and 8. This is your total income 0 10 Adjustments to income Standard Deduction for - Single or Mamed Tiling separately $12.400 - Mamed Tiling jointly or Qualitying Widowen 524 800 - Head of household From Schedule 1 line 22 + 10a b Charitable contributions if you take the standard deduction See instructions 100 $18650 C Add lines 10a and 106 These are your total adjustments to income 100 - If you checked any box under Standard 11 Subtract line 10c from line 9. This is your adjusted gross income 11 0 12. Standart dedican artemized deductions from Schedule Al 121 Required information 5b wwwww 60 7 Capital gain or loss). Allach Schedule Dif required if not required, check here 7 Standard 8 Other income from Schedule 1, line 9 8 Deduction for Single or Married 9 Add lines 1, 26, 35, 45, 56, 60, 7 and 8. This is your total income 9 , 9 Tung separately $12,400 10 Adjustments to income Married ning jointly of Qualitying a From Schedule 1, line 22 10a widower $24 800 b Chantable contributions if you take the standard deduction. See instructions 100 - Head of household $18,650 c Add lines 10a and 10b. These are your total adjustments to income 100 If you checked any box under 11 Subtract line 10c from line 9. This is your adjusted gross income 11 0 Standard Deduction 12 Standard deduction or itemized deductions (from Schedule A) 12 see instructions 13 Qualified business income deduction Attach Form 8995 or Form 8995-A 13 14 Add lines 12 and 13 14 0 15 Taxable income Subtract line 14 from line 11 If zero or less enter-O- , - 15 For Disclosure, Privacy Act, and Paperwork Reduction Act Notice, see separate instructions. Cat No 11320B 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 PURPOSE OTHER THAN EDUCATIONAL. 2021 . McGraw-Hill Education 10D PCS PG Schedule A > Shauna Coleman is single. She is employed as an architectural designer for Streamline Design (SD). Shauna wanted to determine her taxable income for this year (2021). She correctly calculated her AGI. However, she wasn't sure how to compute the rest of her taxable income. She provided the following information with hopes that you could use it to determine her taxable income. a. Shauna paid $4,700 for medical expenses for care related to a broken ankle. Also, Shauna's boyfriend, Blake, drove Shauna (in her car) a total of 115 miles to the doctor's office so she could receive care for her broken ankle. b. Shauna paid a total of $3,450 in health insurance premiums during the year (not through an exchange). SD did not reimburse any of this expense. Besides the health insurance premiums and the medical expenses for her broken ankle, Shauna had Lasik eye surgery last year and paid $3,050 for the surgery (she received no insurance reimbursement). She also incurred $470 of other medical expenses for the year. c. SD withheld $1.850 of state income tax, $7,545 of Social Security tax, and $14.700 of federal income tax from Shauna's paychecks throughout the year. d. In 2021, Shauna was due a refund of $270 for overpaying her 2020 state taxes. On her 2020 state tax return that she filed in April 2021, she applied the overpayment toward her 2021 state tax liability. She estimated that her state tax liability for 2021 will be $2.350. e. Shauna paid $3,250 of property taxes on her personal residence. She also paid $520 to the developer of her subdivision because he had to replace the sidewalk certain areas of the subdivision, f. Shauna paid a $220 property tax based on the state's estimate of the value of her car. g. Shauna has a home mortgage loan the amount of $230,000 that she secured when she purchased her home. The home is worth about $410,000. Shauna paid interest of $12,500 on the loan this year. h. Shauna made several charitable contributions throughout the year. She contributed stock in ZYX Corporation to the Red Cross. On the date of the contribution, the fair market value of the donated shares was $1,200 and her basis in the shares was $480. Shauna originally bought the ZYX Corporation stock in 2009. Shauna also contributed $320 cash to State University and religious artifacts she has held for several years to her church. The artifacts were valued at $520 and Shauna's basis in the items was $320. Shauna had every reason to believe the church would keep them on display indefinitely. Shauna also drove 200 miles doing church-related errands for her minister. Finally, Shauna contributed $1,250 of services to her church last year. 1. Shauna paid $270 in investment advisory fees and another $170 to have her tax return prepared (that is, she paid $170 in 2021 to have her 2020 tax return prepared). Prey 1 2 of 2 REE Next > them on display indefinitely. Shauna also drove 200 miles doing church-related errands for her minister. Finally, Shauna contributed $1,250 of services to her church last year. 1. Shauna paid $270 in investment advisory fees and another $170 to have her tax return prepared (that is, she paid $170 in 2021 to have her 2020 tax return prepared). j. Shauna is involved in horse racing as a hobby. During the year, she won $2,550 in prize money and incurred $12,000 in expenses. She has never had a profitable year with her horse-racing activities, so she acknowledges that this is a hobby for federal income tax purposes. k. Shauna sustained $2,050 in gambling losses over the year (mostly horse-racing bets) and had only $220 in winnings b-2. Complete page 1 of Form 1040 (through taxable income, line 15) and Schedule A assuming her AGI is $217,000. (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.) Shauna's address is 19010 N.W. 135th Street, Miami, FL 33054. Social security numbers: Shauna Coleman: 111-11-1111 A Required information Department of the Treasury-Internal Revenue Service (99) Form 1040 U.S. Individual Income Tax Return 2020 OMB No 1545-0074 IRS Use Only-Do not write or staple in this space Filing Status Single Married Ning Jointly Married filing separately (MFS) Head of household (HOH) Qualifying widow(er) (W) @w Check only If you checked the MFS box, enter the name of your spouse If you checked the HOH or GW box, enter the child's name if the qualifying person is one box a child but not your dependent Your first name and middle initial Last name Your social security number Shauna Coleman 111-11-1111 If joint retum, spouse's first name and middle initial Last name Spouse's social security number Apt no Presidential Election Campaign Home address (number and street) if you have a PO box see instructions 19010 NW 135th Street City, town, or post office. If you have a foreign address also complete spaces below Miami, FL 33054 Foreign country name Foreign province/State/county State ZIP code Check here if you, or your spouse if filing jointly, want to go to this fund. Checking a box below will not chang your tax or refund Foreign postal code You Ores ia Spouse At any time during 2020, did you receive, sell, send, exchange or otherwise acquire any financial interest in any virtual currency? NO Standard Someone can claim You as a dependent Your spouse as a dependent Deduction Spouse itemizes on a separate relurn or you were a dual-status alien Age/Blindness You: Were born before January 2, 1956 Are blind Spouse: Was born before January 2, 1956 Is blind Dependents (see instructions) (2) Social security number (3) Relationship to you (4) Vif qualities for (see instructions) (1) First name Last name + Child tax credit Credit for other dependents If more than four dependents, see Check *-on . NO Required information USPOUSe Kems or de TI YOLL WILSUS You Were tom before January 2, 1956 Are blind 12 Age/Blindness Dependents (2) Social security number (see Instructions) (1) First name Spouse: was born before January 2, 1956 Is blind (3) Relationship to you (4) Vir qualifies for (see instructions) Chillax credit Credit for other dependents Last name O If more than four dependents, see Instructions and check here OOK 1 Wages, salaries, tips eta Allach Form(s) W-2 cences 2a Tax exempt interest 2a| b Taxable interest 20 Attach Sch BV . required 3a Qualified dividends 3a b Ordinary dividends 36 4a IRA distributions 4a b Taxable amount 40 5a Pensions and annuities 5a b Taxable amount 5b 6a Social security benefits b b Taxable amount 5b 7 Capital gain or loss) Altach Schedule Difrequired if not required, check here 8 Other income from Schedule 1 line 9 8 9 Add lines 1, 26, 35, 40, 50 6b, 7 and 8. This is your total income 0 10 Adjustments to income Standard Deduction for - Single or Mamed Tiling separately $12.400 - Mamed Tiling jointly or Qualitying Widowen 524 800 - Head of household From Schedule 1 line 22 + 10a b Charitable contributions if you take the standard deduction See instructions 100 $18650 C Add lines 10a and 106 These are your total adjustments to income 100 - If you checked any box under Standard 11 Subtract line 10c from line 9. This is your adjusted gross income 11 0 12. Standart dedican artemized deductions from Schedule Al 121 Required information 5b wwwww 60 7 Capital gain or loss). Allach Schedule Dif required if not required, check here 7 Standard 8 Other income from Schedule 1, line 9 8 Deduction for Single or Married 9 Add lines 1, 26, 35, 45, 56, 60, 7 and 8. This is your total income 9 , 9 Tung separately $12,400 10 Adjustments to income Married ning jointly of Qualitying a From Schedule 1, line 22 10a widower $24 800 b Chantable contributions if you take the standard deduction. See instructions 100 - Head of household $18,650 c Add lines 10a and 10b. These are your total adjustments to income 100 If you checked any box under 11 Subtract line 10c from line 9. This is your adjusted gross income 11 0 Standard Deduction 12 Standard deduction or itemized deductions (from Schedule A) 12 see instructions 13 Qualified business income deduction Attach Form 8995 or Form 8995-A 13 14 Add lines 12 and 13 14 0 15 Taxable income Subtract line 14 from line 11 If zero or less enter-O- , - 15 For Disclosure, Privacy Act, and Paperwork Reduction Act Notice, see separate instructions. Cat No 11320B 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 PURPOSE OTHER THAN EDUCATIONAL. 2021 . McGraw-Hill Education 10D PCS PG Schedule A >