Stacy Johnson is a dog expert employed by Camp Tail Wag and earns a salary of S38,000 in 2018. She is 45 years old and has been divorced for four years. She received $1,200 of alimony payments each month from her former husband (divorced in 2016). Stacy also rents out many units using Air BnB Stacy received S50,000 of rental gross income and had $19,500 of rental expenses. Stacy and her daughter Lily (20 years old at the end of the 2018) moved to Alabama in January of 2018. Stacy provides more than one-half of Lily's support. They had been living in Montana for the past 15 years, but ever since her divorce, Stacy has been wanting to move back to Alabama to be closer to her family. Luckily. last December, a dog expert position opened up and Stacy and Lily to make the move. Stacy paid a moving company $2,010 to move their personal belongings, and she and Lily spent two days driving the 1,426 miles to Alabama. Stacy rented a home in Alabama. Lily decided to continue living at home with her mom, but she started attending school full-time in January at a nearby college. She was awarded a S3,000 partial tuition scholarship this year, and Stacy helped out by paying the remaining S500 tuition cost. If possible, Stacy thought it would be best to claim the education credit for these expenses. Cassie 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 vear that she thought might qualify if she was able to itemize. Stacy paid S5,800 in state taxes and $12,500 in charitable contributions during the year. She also paid the following medical-related expenses for herself and Lily: Insurance premiums Medical care expenses Prescription medicine Nonprescription medicine New contact lenses for Emma S5,795 $1,100 S 350 S 100 200 Shortly after the move, Stacy got distracted while driving and had a car accident. The accident caused S900 in damage to the car and she suffered some injuries. Because the repairs were less than her insurance deductible, she paid the entire cost of the repairs. Stacy wasn't able to work for two months after the accident. Fortunately, she received $2,000 from her disability insurance. Her employer, the Camp Tail Wag, paid 60% of the premiums on the policy as a nontaxable fringe benefit and Stacy paid the remaining 40% portion. A few years ago, Stacy acquired several investments with her portion of the divorce settlement. This year she reported the following income from her investments: $2,200 of interest income from corporate bonds and $1,500 interest income from the City of Ellisville municipal bonds Overall, Stacy's stock portfolio appreciated by $12,000 but she did not sell any of her stocks. Lily reported $6,200 of interest income from corporate bonds she received as gifts from her father over the last several years. This was Lily's only source of income for the year. Stacy had $10,000 of federal income taxes withheld by her employer. Lily made $1,000 of estimated tax payments during the year Stacy did not make any estimated payments. Stacy had qualifying insurance for purposes of the Affordable Care Act (ACA) Determine the following for Cassie Snell: (Show the details of your work in order to qualify for partial credit.) 1. AGI (Adjusted gross income) 2. Taxable Income 3. Tax Owed or Refund Stacy Johnson is a dog expert employed by Camp Tail Wag and earns a salary of S38,000 in 2018. She is 45 years old and has been divorced for four years. She received $1,200 of alimony payments each month from her former husband (divorced in 2016). Stacy also rents out many units using Air BnB Stacy received S50,000 of rental gross income and had $19,500 of rental expenses. Stacy and her daughter Lily (20 years old at the end of the 2018) moved to Alabama in January of 2018. Stacy provides more than one-half of Lily's support. They had been living in Montana for the past 15 years, but ever since her divorce, Stacy has been wanting to move back to Alabama to be closer to her family. Luckily. last December, a dog expert position opened up and Stacy and Lily to make the move. Stacy paid a moving company $2,010 to move their personal belongings, and she and Lily spent two days driving the 1,426 miles to Alabama. Stacy rented a home in Alabama. Lily decided to continue living at home with her mom, but she started attending school full-time in January at a nearby college. She was awarded a S3,000 partial tuition scholarship this year, and Stacy helped out by paying the remaining S500 tuition cost. If possible, Stacy thought it would be best to claim the education credit for these expenses. Cassie 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 vear that she thought might qualify if she was able to itemize. Stacy paid S5,800 in state taxes and $12,500 in charitable contributions during the year. She also paid the following medical-related expenses for herself and Lily: Insurance premiums Medical care expenses Prescription medicine Nonprescription medicine New contact lenses for Emma S5,795 $1,100 S 350 S 100 200 Shortly after the move, Stacy got distracted while driving and had a car accident. The accident caused S900 in damage to the car and she suffered some injuries. Because the repairs were less than her insurance deductible, she paid the entire cost of the repairs. Stacy wasn't able to work for two months after the accident. Fortunately, she received $2,000 from her disability insurance. Her employer, the Camp Tail Wag, paid 60% of the premiums on the policy as a nontaxable fringe benefit and Stacy paid the remaining 40% portion. A few years ago, Stacy acquired several investments with her portion of the divorce settlement. This year she reported the following income from her investments: $2,200 of interest income from corporate bonds and $1,500 interest income from the City of Ellisville municipal bonds Overall, Stacy's stock portfolio appreciated by $12,000 but she did not sell any of her stocks. Lily reported $6,200 of interest income from corporate bonds she received as gifts from her father over the last several years. This was Lily's only source of income for the year. Stacy had $10,000 of federal income taxes withheld by her employer. Lily made $1,000 of estimated tax payments during the year Stacy did not make any estimated payments. Stacy had qualifying insurance for purposes of the Affordable Care Act (ACA) Determine the following for Cassie Snell: (Show the details of your work in order to qualify for partial credit.) 1. AGI (Adjusted gross income) 2. Taxable Income 3. Tax Owed or Refund