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the municipal bonds, and $410 in interest from my savings account. My ex-wife, Alice, is still paying me alimony. She's a lawyer who divorced me

image text in transcribedimage text in transcribedimage text in transcribedimage text in transcribed the municipal bonds, and $410 in interest from my savings account. My ex-wife, Alice, is still paying me alimony. She's a lawyer who divorced me in 2015 because I was "unethical" or something like that. Because she was making so much money and I was unemployed at the time, the judge ruled that she had to pay ME alimony. Isn't that something? She sent me $5,200 in alimony payments this year. She still kind of likes me, though. She sent me a check for $610 as a Christmas gift this year. I didn't get her anything, though So there you go. That's this year in a nutshell. Can you figure out my gross income and complete page 1 of Form 1040 (through line 7b) and Schedule 1 for me? And because you're a student, this is free, right? Thanks, I owe you one! Let me know if I can get you a six-pack of Roca Cola or something. b-1. Complete page 1 of Form 1040 (through line 8b). Download the Tax Form and enter the required values in the appropriate fields. Please right click on the attached Adobe document and select open in new window. Then, download the Tax Form and enter the required values in the appropriate fields. Save your completed Tax Form to your computer and then upload it here by clicking "Brow Next, click "Save." (Use 2020 tax rules regardless of year on the form.) *** Next> applies to the questions displayed below] Consider the following letter and answer Shady's question. To my friendly student tax preparer: Hello, my name is Shady Slim. I understand you are going to help me figure out my gross income for the year... whate that means. It's been a busy year and I'm a busy man, so let me give you the lowdown on my life and you can do your thing. I was unemployed at the beginning of the year and got $2,000 in unemployment compensation. I later got a job as a manager for Roca Cola. I earned $60,500 in base salary this year. My boss gave me a $7,200 Christmas bonus check e December 22. I decided to hold on to that check and not cash it until next year, so I won't have to pay taxes on it this y Pretty smart, huh? My job's pretty cool. I get a lot of fringe benefits like a membership to the gym that costs $510 a year and all the Roca Cola I can drink, although I can't really drink a whole lot-l figure $40 worth this year As part of my manager duties. I get to decide on certain things like contracts for the company. My good buddy, Eddie, a bottling company. I made sure that he won the bottling contract for Roca Cola for this year (even though his contract wasn't quite the best). Eddie bought me a Corvette this year for being such a good friend. The Corvette cost $72.000, I'm sure he bought it for me out of the goodness of his heart. What a great guy! Here's a bit of good luck for the vear Unon leaving my office one day I found $9100 lving in the street! Well one pers Prey of Next > Here's a bit of good luck for the year. Upon leaving my office one day, I found $9,100 lying in the street! Well, one person's bad luck is my good luck, right? I like to gamble a lot. I won a $30,300 poker tournament in Las Vegas this year. I also won about $5,440 over the year playing the guys at our Friday night poker game. Can you believe that I didn't lose anything this year? Speaking of the guys, one of them hit me with his car as we were leaving the game one night. He must have been pretty ticked that he lost! I broke my right leg and my left arm. I sued the guy and got $15,400 for my medical expenses and $4,100 to pay my psychotherapist for the emotional problems I had relating to the injuries (I got really depressed!), and I won $14,200 in punitive damages. That'll teach him that he's not so tough without his car! Another bit of bad luck. My uncle Monty died this year. I really liked the guy, but the $310,000 inheritance I received from him made me feel a little better about the loss. I did the smart thing with the money and invested it in stocks and bonds and socked a little into my savings account. As a result, I received $710 in dividends from the stock, $310 in interest from the municipal bonds, and $410 in interest from my savings account. My ex-wife, Alice, is still paying me alimony. She's a lawyer who divorced me in 2015 because I was "unethical" or something like that. Because she was making so much money and I was unemployed at the time, the judge ruled that she had to pay ME alimony. Isn't that something? She sent me $5,200 in alimony payments this year. She still kind of likes me. though. She sent me a check for $610 as a Christmas gift this year. I didn't get her anything, though. So there you go. That's this year in a nutshell. Can you figure out my gross income and complete page 1 of Form 1040 (through line 7b) and Schedule 1 for me? And because you're a student, this is free, right? Thanks, I owe you one! Let me know if I can get you a six-pack of Roca Cola or something. Bmplete page 1 of Form 1040 (through line 8b). Download the Tax Form and enter the required values in the appropriate fields. Please right click on the attached Adobe document and select open in new window. Then, download the Tax Form and ente required values in the appropriate fields. Save your completed Tax Form to your computer and then upload it here by clickim Next, click "Save." (Use 2020 tax rules regardless of year on the form.) Filing Status Check only one box. Single Married filing jointly Mamed ting separately (MFS) Head of household HOH Qaying widow(QW) If you checked the MFS box, enter the name of spouse if you checked the HOH or OW box, enter the child's name if the qualifying person is a child but not your dependent. Your first name and middle initial Your social security number Last name If joint retum, spouse's first name and middle initial Last name Home address (number and street). If you have a P.O. box, see instructions Apt no City, town or post office, state, and ZIP code if you have a foreign address, also complete spaces below (see instructions Foreign country name Foreign province'state/county Foreign postal code Standard Someone can claim You as a dependent Your spouse an a decendent 9 Spouse's social security number Presidential Election Campaign Check here ty Checking your spouse ting this fund It more than four dependents see instructions and has Next>

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