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Shelly Beaman (social security number 412-34-5670) is single and resides at 540 Front Street, Ashland, NC 27898. Shellys W-2 wages $ 55,800 Federal withholding 10,044

Shelly Beaman (social security number 412-34-5670) is single and resides at 540 Front Street, Ashland, NC 27898. Shellys W-2 wages $ 55,800 Federal withholding 10,044 Social security wages 55,800 Social security withholding 3,460 Medicare withholding 809 State withholding 3,348 1099-INT New Bank 532 1099-DIV XYZ, Inc. Ordinary dividends 258 Qualified dividends 258 Shelly had the following itemized deductions: State income tax withholding (from W-2) $ 3,348 State income tax paid with 2014 return 600 Real estate tax 4,200 Mortgage interest 11,800 Charitable contributions 2,500 Shelly also started her own home design consulting business in March 2015 (Business code, 238990, Cash basis). The results of her business operations for 2015 follow: Gross receipts from clients $ 154,000 Vehicle mileage 21,000 business miles (2,100 per month) 32,000 total miles during the year 2009 Chevy Suburban Placed in service 03/01/15 Postage (750) Office supplies (1,500) State license fees (155) Supplies (5,300) Professional fees (2,500) Design software (1,000) Professional education programs (registration) (550) Travel to education program Airplane (350) Lodging $119/night 3 nights Meals per diem $46 3 days Business AssetsDate PurchasedCost Laptop6/08/15$ 2,500 Computer3/05/155,700 Printer3/01/151,800 Copier6/02/151,700 Furniture4/01/155,000 Building3/01/15175,000 Phone (600) Internet service (450) Rent (8,300) Insurance (1,700) Shelly made a $27,000 estimated tax payment on September 15, 2015. Prepare Shellys Form 1040 for 2015 including all of the supplementary schedules. Schedule A, Schedule B, Schedule C, Form 4562, and Schedule SE are required. Section 179 is elected on all eligible assets in 2015. She wants to contribute to the presidential election campaign and does not want anyone to be a third-party designee. Shelly had qualifying health care coverage at all times during the tax year. For any missing information, make reasonable assumptions. (List the names of the taxpayers and any income they receive in the order in which they appear in the problem. Input all the values as positive numbers unless otherwise stated in the forms. Round your intermediate computations to nearest whole dollar value.) Use the appropriate EIC Tables (6A-6, 6A-7 or 6A-8). Use the Tax Tables or Tax Rate Schedules to determine tax.

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