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This problem is for the Logan Taylor is a widower whose wife, Sara, died on June 6, 2016. He lives at 4680 Dogwood Lane, Springfield,

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This problem is for the Logan Taylor is a widower whose wife, Sara, died on June 6, 2016. He lives at 4680 Dogwood Lane, Springfield, MO 65801. He is employed as a paralegal by focal law firm. For 2018, ne reported the following receipts. Salary $ 30,000 Interest income- Money market account at Omni Bank 5300 Savings account at Bosne State Bank 1.100 City of Springfield general purpose bonds 3.000 4,4001 Inheritance from Daniel 60.000 ufe insurance proceeds 200,000 Amount from sale of St. Louis lot 30,000 Proceeds from estate ale 9.000 Federal income tax refund (for 2017 tax overpayment) 7001 In 2018, Logan inherited securities worth $60,000 from his deceased unde, Daniel Logan also was the designated beneficiary of an insurance policy on Daniels with a maturity value of $200,000. The lot in St. Louis was purchased on May 2, 2013, for $85.000 and held as an Investment. Because the neighborhood has deteriorated, Logan decided to cut his losses and sold the lot on January 5, 2018, for $80,000. The estate sale consisted largely of items belonging to Sara and Danietes, camper, boat, furniture, and fishing and hunting equipment). Logan estimates that the property sold originally cost at least twice the 59,000 te received and has declined or stayed the same in value since Sara and Daniel Ged. Logan's other 2016 expenditures include the following Medical expenses (including $10,500 for dental services) $11,500 Taxes State of Missouri income tax (indudes withholdings) 54.200 Property taxes on personal residence 4.500 8.700 Interest on home mortgage 5,600 Contribution to church (paid pledges for 2018 and 2019) 4.800 Logan and his dependent were covered by his employer's health insurance policy for all of 2018. However, he is subject to a deductible, and dental care is not included. The $10.500 dental charge was for Helen's Implants. Helen is Logan's widowed the whole with him (see below). Logan normally pledges $2,400 ($200 per month} each year to his church On December 5, 2018. upon the advice of this pastor, he prepaid his pledge for 2019. Logan's household, all of whom he supports, includes the following Social Security Birth Date Number Logan Taylor 123-45-6787 08/30/1970 (age 48) Helen Taylor 123-45-6780 01/13/1948 (age 70) Asher Taylor 123-45-6783 07/11/1995 (age 23) Ma Taylor (age 123-45-6784 22) 02/16/1996 Helen, Logan's mother, receives a modest Social Security benefit. Ashec a son, is time student in dental school and cams $4,500 as a part-time dental assistant Ma, a daughter, does not work and is engaged to be married. Federal income tax of 54,500 was withheld from his wages Compute Logan's 2018 Federal income tax. If Logan has any overpayment on this income tax, he 1080 123-45-6787 Page 2 Logan B. Taylor Wages, Salaries, tips, etc. Attach Form(s) W-2 1 1 w Za tax-exempt 2a 2b interest Ordinary 3a Desh Ja dividends 3b 4wd Table 4b amount Sa Sobe sa Sb amount 6 Total income. Add lines through 5. Add any amount from Schedule 1, line 22 6 7 Adjusted gross income. If you have no adjustments to income, enter the amount from line 6: otherwise, subtract Schedule 1, line 36, from line 6 7 Standard deduction or itemized deductions (trom 8 Schedule A) Qualified business income deduction (see instructions) 9 9 Standard Deduction for ing Taxable income. Subtract lines 8 and 9 from line 7. zero 10 10 Que or less, entero. . 11 Tax (see inst) (check if any from: 1 Form(s) 8814 2 Form 4972 Add any amount from Schedule 2 and check here . 11 . . 12 a Child tax credit/credit for other dependents Add any amount from Schedule and check here 12 Subtract line 12 from tine 11. 1 zero or less, enter-O- 13 13 14 Other taxes. Attach Schedule 4. 14 Total tax. Add lines 13 and 14 15 15 16 Federal income tax withheld from Forms W-2 and 1099... 16 17 Refundable credits: a LIC (seest.) b Sch 8812 c Form 1863 Add any amount from Schedules 17 18 Add line 16 and 17. These are your total payments. 18 Refund 19 line 18 is more than ine 15, subtractine Is tromine 18. This is the amount you overpaid 19 20a Amount of line 19 you want refunded to you. If Form 8888 is attached, check here 20a Routing number OCKS Direct deposit See Instructions d Account number 21 Amount of line 19 you want applied to your 2019

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