Taxable income. Subtract line 14 from line 11 . If zero or less, enter 0 15 BAA For Disclosure, Privacy Act, and Paperwork Reduction Act Notice, see separate instructions. Form 1040(2021) Form 1040(2021) David R. and Ella M. Cole Page 2 16 Tax (see instructions). Check if any from Form(s): 18814249723 19 Nonrefundable child tax credit or credit for other dependents from Schedule 8812. 20 Amount from Schedule 3 , line 8 21 Add lines 19 and 20 22 Subtract line 21 from line 18. If zero or less, enter 0 23 Other taxes, including self-employment tax, from Schedule 2, line 21 24 Add lines 22 and 23 . This is your total tax 25 Federal income tax withheld from: . . . . . . . . . . . . . . . . . . . . . . . a Form(s) W-2 b Form(s) 1099 Note: This problem is for the 2021 tax year. Janice Morgan, age 24, is single and has no dependents. She is a freelance writer. In January 2021 , Janice opened her own office located at 2751 Waldham Road, Pleasant Hill, NM 88135 . She called her business Writers Anonymous. Janice is a cash basis taxpayer. She lives at 132 Stone Avenue, Pleasant Hill, NM 88135. Her Social Security number is 123-45-6782. Janice's parents continue to provide health insurance for her under their policy. Janice did not engage in any virtual currency transactions during the year and wants to contribute the Presidential Election Campaign Fund. Janice received the appropriate coronavirus recovery rebates (economic impact payments); related questions in Proconnect Tax should be ignored. During 2021, Janice reported the following income and expense items connected with her business. Janice purchased and placed in service the following fixed assets for her business. Janice wants to elect immediate expensing under 179, if possible. - Furniture and fixtures (new) costing $21,000 on January 10 - Computer equipment (new) costing $12,400 on July 28 if possible. - Furniture and fixtures (new) costing $21,000 on January 10 - Computer equipment (new) costing $12,400 on July 28 Tanice did not keep a record of the sales tax she paid. The amount allowed by the sales tax table is $437. Janice reports interest income of $4,000 on certificates of deposit at Second National Bank. She made estimated tax payments of $5,000 for 2021. Required: Compute Janice Morgan's 2021 Federal income tax payable (or refund due). - Make realistic assumptions about any missing data. - If an amount box does not require an entry or the answer is zero, enter "0". - Enter all amounts as positive numbers. - The taxpayer wants $3 to go to the to Presidential Election Campaign. - It may be necessary to complete the other tax forms and schedules before completing Form 1040. - Use the tax schedules (not the tax tables) included with this problem to compute the tax. - If required, round your final answers to the nearest dollar