TAX FORM/RETURN PREPARATION PROBLEM Sally W. Emanual, a teacher, had the following dividends and interest during the current :3-59 year: $ 700 1,000 1,250 1,300 Acorn Corporation bond interest City of Boston bonds interest Camp Bank interest Jet Corporation dividend (qualified) North Mutual fund Capital gain distribution Ordinary dividend (qualified) 150 Nontaxable distribution 100 200 450 Blue Corporation foreign dividend 250 Additional information pertaining to Sally Emanual includes $70,000 12,000 14,000 7,000 4,000 Salary Rent income Expenses related to rent income Pension benefits Taxable alimony paid to Sally The taxable portion of the pension is $7,000. Sally actively participates in the rental activity. Other relevant information includes Address: 430 Rumsey Place, West Falls, California 92699 Occupation: Credit manager Social Security number: 123-45-6789 Marital status: Single Complete Sally's Schedule 1, Schedule B and compute her taxable income on Form 1040 Assume Schedule E has already been prepared. TAX FORM/RETURN PREPARATION PROBLEM Sally W. Emanual, a teacher, had the following dividends and interest during the current :3-59 year: $ 700 1,000 1,250 1,300 Acorn Corporation bond interest City of Boston bonds interest Camp Bank interest Jet Corporation dividend (qualified) North Mutual fund Capital gain distribution Ordinary dividend (qualified) 150 Nontaxable distribution 100 200 450 Blue Corporation foreign dividend 250 Additional information pertaining to Sally Emanual includes $70,000 12,000 14,000 7,000 4,000 Salary Rent income Expenses related to rent income Pension benefits Taxable alimony paid to Sally The taxable portion of the pension is $7,000. Sally actively participates in the rental activity. Other relevant information includes Address: 430 Rumsey Place, West Falls, California 92699 Occupation: Credit manager Social Security number: 123-45-6789 Marital status: Single Complete Sally's Schedule 1, Schedule B and compute her taxable income on Form 1040 Assume Schedule E has already been prepared