subaivision decause ne nao to repiace the siaewank in certain areas of me subaivision f. Shauna paid a $250 property tax based on the state's estimate of the value of her car: 9. Shauna has a home mortgage loan in the amount of $245.000 that she secured when she purchased her home. The home is worth about $425,000. Shauna paid interest of $12.800 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 $1,500 and her basis in the shares was $600. Shauna originally bought the ZYX Corporation stock in 2009 . Shauna also contributed $350 cash to State University and religious artifacts she has held for several years to her church. The arifacts were valued at $550 and Shauna's basis in the items was $350. 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 $1,325 of services to her church last year. i. Shauna paid $300 in investment advisory fees and another $200 to have her tax return prepared (that is, she paid $200 in 2022 to have her 2021 tax return prepared) j. Shauna is involved in horse racing as a hobby. During the year, she won $2,625 in prize money and incurred $15.000 in expenses. She has never had a profitable year with her horse-racing activities, so she acknowledges that this ts a hobby for federal income tax purposes k. Shauna sustained $2,125 in gambling losses over the year (mostly horse-racing bets) and had only $250 in winnings. Comprehensive Problem 6-64 Part a-1 (Algo) a-1. Assume Shauna's AGI is $132,000. Determine Shauna's taxable income Note: Round your intermediate calculations to the nearest whole dollar amount. subaivision decause ne nao to repiace the siaewank in certain areas of me subaivision f. Shauna paid a $250 property tax based on the state's estimate of the value of her car: 9. Shauna has a home mortgage loan in the amount of $245.000 that she secured when she purchased her home. The home is worth about $425,000. Shauna paid interest of $12.800 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 $1,500 and her basis in the shares was $600. Shauna originally bought the ZYX Corporation stock in 2009 . Shauna also contributed $350 cash to State University and religious artifacts she has held for several years to her church. The arifacts were valued at $550 and Shauna's basis in the items was $350. 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 $1,325 of services to her church last year. i. Shauna paid $300 in investment advisory fees and another $200 to have her tax return prepared (that is, she paid $200 in 2022 to have her 2021 tax return prepared) j. Shauna is involved in horse racing as a hobby. During the year, she won $2,625 in prize money and incurred $15.000 in expenses. She has never had a profitable year with her horse-racing activities, so she acknowledges that this ts a hobby for federal income tax purposes k. Shauna sustained $2,125 in gambling losses over the year (mostly horse-racing bets) and had only $250 in winnings. Comprehensive Problem 6-64 Part a-1 (Algo) a-1. Assume Shauna's AGI is $132,000. Determine Shauna's taxable income Note: Round your intermediate calculations to the nearest whole dollar amount
