The wage $196,000$

Social security $132,900$

Medicare and tip $196,000$

Federal income $25,000$

Social security $8,239\mathrm{.}80$

Medicare tax $2,842$

Michael Jordan $($birthdate March $1,1975)$ is a single taxpayer. Michael$$s earnings and withholdings as a departmental manager for $2023$ are reported on his Form W$-2$:

Michael$$s other income includes interest on a savings account at Chase National Bank of $$13,680.$

Michael pays his ex$-$wife, Juanita Vanoy, $$3,800$ per month in accordance with their April $19,2013,$ divorce decree. When their $2-$year$-$old child $($in the ex$-$wife$$s custody$)$ reaches the age of $18,$ the payments are reduced to $$2,700$ per month. His ex$-$wife$$s Social Security number is $594-22-1234.$

In $2023,$ Michael purchased a new car and so he kept track of his sales tax receipts during the year. His actual sales tax paid is $$3,701,$ which exceeds the estimated amount per the IRS tables.

Michael earned $$85$ interest in $2022$ from a City of Las Vegas bond.

During the year, Michael paid the following amounts $($all of which can be substantiated$)$:

Interest on American Express credit Card $$$$1,761$

Automobile loan interest$4,200$

Insurance for Family car$910$

IRA Contributions$6,250$

Personal residence property taxes$2,795$

Contributions to a HSA $2,825$

Fee to get Income Tax return prepared$850$

Contribution to the Red Cross $($Charitable$,$ Cash$)1,320$

Contribution to the Family$$s Church $($Cash$)3,310$

The Democratic Political Party $($Contribution$,$ cash$)275$

The Metropolitan Opera Dinner Fund Raiser

Value of dinner is $$30130$

Required: Complete a manual tax return for Michael$$s federal tax return for $2023.($Do not use Proconnect$)$

Use Form $1040,$ Schedule $1,$ Schedule A$,$ Schedule B$,$ and Form $8889$ to complete this tax return. Make realistic assumptions about any missing data. After completion of Michael$$s federal tax return, please answer the following questions:

A Tax Rate Schedule is included below for the calculation of Mr$.$ Jordan$$s taxes.

$1.$ What is the adjusted gross income $($line $11)\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_$

$2.$ What are the total standard or itemized deductions that you used $($line $12)\_\_\_\_\_\_\_\_\_\_\_\_\_\_$

$3.$ What is the taxable income $($line $15)\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_$

$4.$ What is Tax $($line $16)\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_$

$5.$ Amount overpaid, $($refund$)($line$34)\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_$ OR

$6.$ Amount you owe $($Line $37)\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_$

TAX RATE SCHEDULE

Single

If taxable income is over$$

but not over$$

the tax is:

$$0$

$$9,700$

$10\%$ of the amount over $$0$

$$9,700$

$$39,475$

$$970$ plus $12\%$ of the amount over $$9,700$

$$39,475$

$$84,200$

$$4,543$ plus $22\%$ of the amount over $$39,475$

$$84,200$

$$160,725$

$$14,382$ plus $24\%$ of the amount over $$84,200$

$$160,725$

$$204,100$

$$32,748$ plus $32\%$ of the amount over $$160,725$

$$204,100$

$$510,300$

$$46,628$ plus $35\%$ of the amount over $$204,100$

$$510,300$

no limit

$$153,798$ plus $37\%$ of the amount over $$510,300$