Question
The following information relates to Serena Williams (age 40; single). Serena works as a marketing manager for GoTennis, but she also has rental property and
The following information relates to Serena Williams (age 40; single). Serena works as a marketing manager for GoTennis, but she also has rental property and owns a small business as sole proprietorship.
Serena earned a salary of $100,000.
Employee taxable discount on GoTennis Shoes $5,000.
Serena had $1,000 of (taxable) interest income from investments in corporate bonds.
Qualified dividends $850. Serena had a taxable state income tax refund, $450.
Net business income from sole proprietorship $5,000. Net rental income $3,000.
Serena made a $3,300 deductible contribution to traditional individual retirement account (IRA).
Serena had no itemized deduction.
Serena had $12,901 of federal income taxes withheld from her paychecks by her employers. Based on the information above, fill in (1) Form 1040 and (2) Schedule 1 for Serena Williams.
Please answer in 2022 tax form 1040 and schedule 1
As to Form 1040, enter numbers in:
Lines 1a and 1z Line 2b
Lines 3a and 3b Line 8
Line 9 Line 10
Line 11 Line 12
Line 14 Line 15
Line 16 Line 24
Lines 25a and 25d Line 33
Line 37
Note: Round all values to the nearest whole dollar amount
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