Shelli Thomson graduated from CSULA and works as a chemist for Sargent Chemical

Corp.

2. Shelli Thomson's

a. Birthday is January 1, 1970;

b. Social Security number is 111-11-1113;

c. Address is 7605 Walnut Street, Los Angeles, CA 90013;

2

d. Tax return filing status is single;

e. Her ordinary income tax rate is 10%.

3. For line 11 of the Form 1040, multiply the total amount of income you entered on line 10

of the Form 1040 by 10% (Shelli's income tax rate) and enter that amount on line 11.

4. For the taxable year, Shelli:

a. Earned $50,000 in wages as a chemist

b. Her employer, Sargent Chemical Corp, did not withhold federal and state income

taxes;

c. Received $200 of interest on her savings bank account;

d. Paid $7,000 in out-of-pocket medical expenses including co-pays for prescription

drugs and doctor appointments;

e. Paid property (real estate) taxes of $5,000 to the city of Los Angeles;

f. Paid $10,000 in home mortgage interest on her home mortgage. Her mortgage was

$100,000 and was secured by her home;

g. Incurred a $2,000 theft loss;

h. Incurred a $3,000 casualty loss after her home was damaged by a tornado in a

federally declared disaster area;

i. Donated $200 in cash to a tax-exempt charity; and

j. Can claim a $500 American Opportunity Credit.

Bi So $ 1040Department of the Treasury-internal Revenue Service (99) Ad U.S. Individual Income Tax Return 2018 OMB No. 1545-0074 IRS Use Only- Do not write or staple in this space. Filing status: Single Married filing jointly |Married filing separately Head of household Qualifying widow(er) Your first name and initial Shelll Last name Your social security number Page 2 Form 1040 (2018) 52000 1 Wages, salaries, tips, etc. Attach Form(s) W-2 . 2a Tax-exempt interest . 2a b Taxable interest 2b Attach Form(s) W-2. Also attach 3a Qualified dividends 3a b Ordinary dividends 3b Form(s) W-2G and 1099-R if tax was 4a IRAs, pensions, and annuities b Taxable amount 4b withheld 5a Social security benefits 5a b Taxable amount 5b Total income. Add lines 1 through 5. Add any amount from Schedule 1, line 22 6 Adjusted gross income. If you have no adjustments to income, enter the amount from line 6; otherwise, Standard subtract Schedule 1, line 36, from line 6 . Deduction for- Standard deduction or itemized deductions (from Schedule A) Single or married filing separately, Qualified business income deduction (see instructions) . $12,000 Taxable Income. Subtract lines 8 and 9 from line 7. If zero or less, enter -0- . Married filing jointly or Qualifying 11 a Tax (see inst.) (check if any from: 1 Form(s) 8814 2 Form 4972 3 widow(er) $24,000 b Add any amount from Schedule 2 and check here Head of 2 a Child tax credit/credit for other dependents b Add any amount from Schedule 3 and check here 12 household $18,000 13 Subtract line 12 from line 11. If zero or less, enter -0- If you checked Other taxes. Attach Schedule 4 . any box under Standard Total tax. Add lines 13 and 14. deduction, Federal income tax withheld from Forms W-2 and 1099 16 see instructions. Refundable credits: a EIG (see inst.) b Sch. 8812 c Form 8863 Add any amount from Schedule 5 17 18 Add lines 16 and 17. These are your total payments 18 Refund 19 If line 18 is more than line 15, subtract line 15 from line 18. This is the amount you overpaid 19 20a Amount of line 19 you want refunded to you. If Form 8888 is attached, check here 20a Direct deposit? Routing number Type: Checking Savings See instructions. -d Account number 21 Amount of line 19 you want applied to your 2019 estimated tax 21 Amount You Owe 22 Amount you owe. Subtract line 18 from line 15. For details on how to pay, see instructions . 22 Estimated tax penalty (see instructions) Go to www.irs.gov/Form1040 for instructions and the latest information. Form 1040 (2018)