Use 2022 tax laws AND SHOW HOW TO FILL OUT THE 1040, SCHEDULE 1, AND SCHEDULE 3. I DIDN'T ADD THE PICTURES FOR NO REASON. FOR PART A, EVERYTHING IS ALREADY CORRECT BESIDES STANDARD DEDUCTION AND TAX ON TAXABLE INCOME. THANK YOU.
[The following information applies to the questions displayed below] Reba Dixon is a fifth-grade school teacher who earned a salary of $38,000 in 2022 . She is 45 years oid and has been divorced for four years. She receives $1,200 of alimony payments each month from her former husband (divorced in 2016) Reba also rents out a small apartment building. This year Reba received $50,000 of rental payments from tenants and she incurred $19,500 of expenses associated with the rental Reba and her daughter Heather (20 years old at the end of the year) moved to Georgia in January of this year. Reba provides more than one-half of Heather's support. They had been living in Colorado for the past 15 years, but ever since her divorce, Reba has been wanting to move back to Georgia to be closer to her family. Luckily. last December, a teaching position opened up and Reba and Heather decided to make the move. Reba paid a moving company $2,010 to move their personal belongings, and she and Heather spent two days driving the 1,426 miles to Georgia. Reba rented a home in Georgia. Heather decided to continue living at home with her mom, but she started attending school full-time in January and throughout the rest of the year at a nearby university. She was awarded a $3,000 partial tuition scholarship this year, and Reba helped out by paying the remaining $500 tuition cost. If possible, Reba thought it would be best to claim the education credit for these expenses. Reba wasn't sure if she would have enough items to help her benefit from itemizing on her tax return. However, she kept track of several expenses this year that she thought might qualify if she was able to itemize. Reba paid $5,800 in state income taxes and $12,500 in charitable contributions during the year. She also paid the following medical-related expenses for herself and Heather. Shortly after the move, Reba got distracted while driving and ran into a street sign. The accident caused $900 in damage to the car and gave her whiplash. Because the repairs were less than her insurance deductible, she paid the entire cost of the repairs. Reba wasn't able to work for two months after the accident. Fortunately, she received $2,000 from her disability insurance. Her employer, the Central Georgia School District, paid 60 percent of the premiums on the policy as a nontaxable fringe benefit and Reba paid the remaining 40 percent portion. A few years ago, Reba acquired several investments with her poition of the divorce settlement. This year she reported the following income from her investments: $2,200 of interest income from corporate bonds and $1,500 interest income from City of Denver municipal bonds. Overall. Reba's stock portfolio appreciated by $12,000, but she did not sell any of her stocks Heather reported $6,200 of interest income from corporate bonds she received as gifts from her father over the last several years. This was Heather's only source of income for the yeat Reba had $10,000 of federal income taxes withheld by her employer. Heather made $1,000 of estimated tax payments during the year. Reba did not make any estimated payments. Using the information from part a-1, Complete pages 1 and 2, Schedule 1, and Schedule 3 of Form 1040 for Reba. Reba Dixon's address is 19010 NW. 135th Street, Lawrenceville, GA 30043 Social security numbers: Reba Dixon: 111-11-1111 Heather Dixon: 222-22-2222 (Assume all taxpayers did NOT receive, sell, send, exchange, or otherwise acquire any financial interest in any virtual currency during the year. Input all the values as positive numbers. Use 2022 tox rules regardless of year on tax form. Round your intermediate computations and final answers to the nearest whole dollar amount.) (x) Answer is complete but not entirely correct. 1) Required hiformsation Form 1040 Page 1 1040 for a Head of household with one dependent. Form 1040 Page 2 Foem 1040 mos2012 26 2021 estruves in paynots and ameut appled ten 2020 return -If you have a gualish senEC toxpeytis who me at east age to, to dan the te set nithorens eFrier year (2030) eained vocene 30 Pecovery tebste ciest see inatrucoors 31 Anowet fion fictotsis 3 ine is Form 1040 Schedule 1 Part II Adjustments to Income 10 11 Educator expenses 12 Ceitan business expenses of ieservists, performing artists, and fee-basis governmert officals. Attach Form 2106 Heath savings account deduction. Altach form 0.809 Moving expenses for members of the Armed Forces. Attach Form 3903 Deductible part of seifenoloyment tax. A4ach Schedule SE. Self-employed SEP. SNPLE, and quaified plans Self-employed heatr nsurance deduction Penaty on earty wthdrawal of savings Almony pad Recipient's SSN Date of eriginsi divorce or separation agreement (see instructens) o IRA deduction Student loan iterest deduction Reserved for future use 23 Archer MSA deduction 24 Other adjustments: a Jury duty pay (see instrectons) Deductibie expenses relazed to inceme reported on ine 8k from the rental of persenal property eagaged in for prafit Nontexable arreunt of 2 e vabe of Oympic and Paralympic medabs ans uSOC prcee money reported on line 8 i Reforestation amartizaton and expenses Repayment of stopionental unespioyment benefts under the Trade Act of 1974 Contrbutions to secton 501(c)(18)(D) persien plans Coatrbutions by certan chaplans to secten 403(3) plans Attomey fees and court costs for sctions involving certain uniawful discrimination currs (see instructons). Attomey foes and coart costs yeu paid in connection wer os award thom the Res for nfornaton you provided that hebed the RS defect tax aw voateos. Housing seducton from Forne 2555 Excess dedactions of section 67(e) experses from Scheduie K1 (f orn 1041) Excess dedjctions ot section 67(e) expenses from 5chedj=K1 (f orm 1041) Total ofher adjstments. Add ines 24 a throsgh 24z Add ines 11 prough 23 and 25 . These are your acjustments to nource Enter here and on Ferm 1040 or 1040-5R, he 10. or Form 1040-NR. ine 10a For Paperwork Reduction Act Notice, see your tax return instructions. Cat. Na.74779F PUFPOSE OTHER THAN EDUCATIONAL. 2022 UcGraw.Hill Edacation. 1040 for a Head of household with one dependent. Form 1040 Schedule 3 Page 1 2022 Tax Rate Schedules Individuals Schedule X-Sinele Schodula V-1. [The following information applies to the questions displayed below] Reba Dixon is a fifth-grade school teacher who earned a salary of $38,000 in 2022 . She is 45 years oid and has been divorced for four years. She receives $1,200 of alimony payments each month from her former husband (divorced in 2016) Reba also rents out a small apartment building. This year Reba received $50,000 of rental payments from tenants and she incurred $19,500 of expenses associated with the rental Reba and her daughter Heather (20 years old at the end of the year) moved to Georgia in January of this year. Reba provides more than one-half of Heather's support. They had been living in Colorado for the past 15 years, but ever since her divorce, Reba has been wanting to move back to Georgia to be closer to her family. Luckily. last December, a teaching position opened up and Reba and Heather decided to make the move. Reba paid a moving company $2,010 to move their personal belongings, and she and Heather spent two days driving the 1,426 miles to Georgia. Reba rented a home in Georgia. Heather decided to continue living at home with her mom, but she started attending school full-time in January and throughout the rest of the year at a nearby university. She was awarded a $3,000 partial tuition scholarship this year, and Reba helped out by paying the remaining $500 tuition cost. If possible, Reba thought it would be best to claim the education credit for these expenses. Reba wasn't sure if she would have enough items to help her benefit from itemizing on her tax return. However, she kept track of several expenses this year that she thought might qualify if she was able to itemize. Reba paid $5,800 in state income taxes and $12,500 in charitable contributions during the year. She also paid the following medical-related expenses for herself and Heather. Shortly after the move, Reba got distracted while driving and ran into a street sign. The accident caused $900 in damage to the car and gave her whiplash. Because the repairs were less than her insurance deductible, she paid the entire cost of the repairs. Reba wasn't able to work for two months after the accident. Fortunately, she received $2,000 from her disability insurance. Her employer, the Central Georgia School District, paid 60 percent of the premiums on the policy as a nontaxable fringe benefit and Reba paid the remaining 40 percent portion. A few years ago, Reba acquired several investments with her poition of the divorce settlement. This year she reported the following income from her investments: $2,200 of interest income from corporate bonds and $1,500 interest income from City of Denver municipal bonds. Overall. Reba's stock portfolio appreciated by $12,000, but she did not sell any of her stocks Heather reported $6,200 of interest income from corporate bonds she received as gifts from her father over the last several years. This was Heather's only source of income for the yeat Reba had $10,000 of federal income taxes withheld by her employer. Heather made $1,000 of estimated tax payments during the year. Reba did not make any estimated payments. Using the information from part a-1, Complete pages 1 and 2, Schedule 1, and Schedule 3 of Form 1040 for Reba. Reba Dixon's address is 19010 NW. 135th Street, Lawrenceville, GA 30043 Social security numbers: Reba Dixon: 111-11-1111 Heather Dixon: 222-22-2222 (Assume all taxpayers did NOT receive, sell, send, exchange, or otherwise acquire any financial interest in any virtual currency during the year. Input all the values as positive numbers. Use 2022 tox rules regardless of year on tax form. Round your intermediate computations and final answers to the nearest whole dollar amount.) (x) Answer is complete but not entirely correct. 1) Required hiformsation Form 1040 Page 1 1040 for a Head of household with one dependent. Form 1040 Page 2 Foem 1040 mos2012 26 2021 estruves in paynots and ameut appled ten 2020 return -If you have a gualish senEC toxpeytis who me at east age to, to dan the te set nithorens eFrier year (2030) eained vocene 30 Pecovery tebste ciest see inatrucoors 31 Anowet fion fictotsis 3 ine is Form 1040 Schedule 1 Part II Adjustments to Income 10 11 Educator expenses 12 Ceitan business expenses of ieservists, performing artists, and fee-basis governmert officals. Attach Form 2106 Heath savings account deduction. Altach form 0.809 Moving expenses for members of the Armed Forces. Attach Form 3903 Deductible part of seifenoloyment tax. A4ach Schedule SE. Self-employed SEP. SNPLE, and quaified plans Self-employed heatr nsurance deduction Penaty on earty wthdrawal of savings Almony pad Recipient's SSN Date of eriginsi divorce or separation agreement (see instructens) o IRA deduction Student loan iterest deduction Reserved for future use 23 Archer MSA deduction 24 Other adjustments: a Jury duty pay (see instrectons) Deductibie expenses relazed to inceme reported on ine 8k from the rental of persenal property eagaged in for prafit Nontexable arreunt of 2 e vabe of Oympic and Paralympic medabs ans uSOC prcee money reported on line 8 i Reforestation amartizaton and expenses Repayment of stopionental unespioyment benefts under the Trade Act of 1974 Contrbutions to secton 501(c)(18)(D) persien plans Coatrbutions by certan chaplans to secten 403(3) plans Attomey fees and court costs for sctions involving certain uniawful discrimination currs (see instructons). Attomey foes and coart costs yeu paid in connection wer os award thom the Res for nfornaton you provided that hebed the RS defect tax aw voateos. Housing seducton from Forne 2555 Excess dedactions of section 67(e) experses from Scheduie K1 (f orn 1041) Excess dedjctions ot section 67(e) expenses from 5chedj=K1 (f orm 1041) Total ofher adjstments. Add ines 24 a throsgh 24z Add ines 11 prough 23 and 25 . These are your acjustments to nource Enter here and on Ferm 1040 or 1040-5R, he 10. or Form 1040-NR. ine 10a For Paperwork Reduction Act Notice, see your tax return instructions. Cat. Na.74779F PUFPOSE OTHER THAN EDUCATIONAL. 2022 UcGraw.Hill Edacation. 1040 for a Head of household with one dependent. Form 1040 Schedule 3 Page 1 2022 Tax Rate Schedules Individuals Schedule X-Sinele Schodula V-1
