- Use the following information to complete Paige Turner's 2018 federal income tax retum. If information is missing, use reasonable assumptions to fill in the gaps. Facts: 1. Paige Turner is single and has two children from her previous marriage. Ali lives with Paige, and Paige provides more than half of ber support. Leif lives with his father, Will (Leif lived with Will for all of 2018). Will provides more than haif of Leif s support. Paige pays alimony of $400 per month to Will. The payments are to continue until Leif reaches age 18, when they will be reduced to $150. Paige provides you with the following additional information: - She uses the cash method of accounting and a calendar year for reporting. - She wishes to contribute to the presidential election campaign. - Paige lives at 523 Essex Street, Bangor, Maine (04401). - Paige's birthday is May 31, 1974. - Ali's birthday is October 5, 2005. - Leif's birthday is December 1, 2003. - Paige's Social Security number is 007-16-4727. - Ali's Social Security number is 005-61-7232 - Leif's Social Security number is 004-23-3419. - Wills Social Security number is 006-45-6333. - She does not have any foreign bank accounts or trusts. 2. Paige is employed as a nuclear engineer with Atom Systeru Consultants, Ine. (ASCI). Her annual salary is $70,000. ASCI has an extensive fringe benefits program for its employees. Paige's pay stubs indicate that she had $7,230 withbeld in federal thres. \$4,987 in state taxes, and \$4,495 in Social Security taxes, and \$1,051 in Medicare taxes. Her taxable compensation includes the following: Paige fumishes you with the following description of the fringe benefits she received from ASCl in 2018 . paid her tuition, fees, and other course-related costs of $2,300. 7. Paige slipped on a wet spot in front of a computer store last July. She broke her ankle and was unable to work for two weeks. She incurred $1,300 in medical costs, all of which were paid by the owner of the store. The store also gave her $1,000 for pain and suffering resulting from the injury. ASCI continued to pey her salary during the two weeks she missed because of the accident. ASCls plan also paid her $1,200 in disability pay for the time she was unable to work. Under this plan ASCI pays the premiums for the disability insurance. 8. Paige received a Form 1099-B from her broker for the sale of the following securities during 2018 9. In addition to the taxes withheld from her salary, she also made timely estimated foderal tax payments of $175 per quarter and timely estimated state income tax payments of 5150 for the first three quarters. The 350 fourth quarter state payment was made on December 28, 2018. Paige would like to receive a refund for any overpayment. 10. Because of her busy work schedule, Paige was unable to provide her accountant with the tax documents necessary for fling her 2015 state and federal income tax retums by the due date (April 15, 2018). In filing her extension on April 15, 2018, she made a federal tax payment of 5750 . Her retum was eventually filed on June 25, 2018. In August 2018, she received a federal refund of $180 and a state tax refund of $60. Her itemized deductions for 2015 were $12,430. 11. Paige found a renter for her father's house on August 1, 2018. The monthly rent is $400, and the lease agreement is for one year. The lease requires the tenant to pay the fint and last month's rent and a $400 security deposit. The security deposit is to be retumed at the end of the lease if the property is in good condition. On August 1, 2018, Paige rocelved 51,200 from the tenant per the terms of the lease agreement. In November 2018, the plumbing froze and several pipes burt. The tenant had the repairs mado and paid the $300 bill. In December 2018, he reduced his rental peyment to $100 to compensate for the plumbing repairs. Paige provides you with the following additional information for the rental in 2018. The rental property is located at 35 Harvest Street, Orono, Maine 04473. Local practice is to allocate 12 pereent of the fair market value of the property to the land. (See 14.) Paige makes all decisions with respect to the property, 2wo oqj jo enen yooq oqu no poseq eins oqj - Use the following information to complete Paige Turner's 2018 federal income tax retum. If information is missing, use reasonable assumptions to fill in the gaps. Facts: 1. Paige Turner is single and has two children from her previous marriage. Ali lives with Paige, and Paige provides more than half of ber support. Leif lives with his father, Will (Leif lived with Will for all of 2018). Will provides more than haif of Leif s support. Paige pays alimony of $400 per month to Will. The payments are to continue until Leif reaches age 18, when they will be reduced to $150. Paige provides you with the following additional information: - She uses the cash method of accounting and a calendar year for reporting. - She wishes to contribute to the presidential election campaign. - Paige lives at 523 Essex Street, Bangor, Maine (04401). - Paige's birthday is May 31, 1974. - Ali's birthday is October 5, 2005. - Leif's birthday is December 1, 2003. - Paige's Social Security number is 007-16-4727. - Ali's Social Security number is 005-61-7232 - Leif's Social Security number is 004-23-3419. - Wills Social Security number is 006-45-6333. - She does not have any foreign bank accounts or trusts. 2. Paige is employed as a nuclear engineer with Atom Systeru Consultants, Ine. (ASCI). Her annual salary is $70,000. ASCI has an extensive fringe benefits program for its employees. Paige's pay stubs indicate that she had $7,230 withbeld in federal thres. \$4,987 in state taxes, and \$4,495 in Social Security taxes, and \$1,051 in Medicare taxes. Her taxable compensation includes the following: Paige fumishes you with the following description of the fringe benefits she received from ASCl in 2018 . paid her tuition, fees, and other course-related costs of $2,300. 7. Paige slipped on a wet spot in front of a computer store last July. She broke her ankle and was unable to work for two weeks. She incurred $1,300 in medical costs, all of which were paid by the owner of the store. The store also gave her $1,000 for pain and suffering resulting from the injury. ASCI continued to pey her salary during the two weeks she missed because of the accident. ASCls plan also paid her $1,200 in disability pay for the time she was unable to work. Under this plan ASCI pays the premiums for the disability insurance. 8. Paige received a Form 1099-B from her broker for the sale of the following securities during 2018 9. In addition to the taxes withheld from her salary, she also made timely estimated foderal tax payments of $175 per quarter and timely estimated state income tax payments of 5150 for the first three quarters. The 350 fourth quarter state payment was made on December 28, 2018. Paige would like to receive a refund for any overpayment. 10. Because of her busy work schedule, Paige was unable to provide her accountant with the tax documents necessary for fling her 2015 state and federal income tax retums by the due date (April 15, 2018). In filing her extension on April 15, 2018, she made a federal tax payment of 5750 . Her retum was eventually filed on June 25, 2018. In August 2018, she received a federal refund of $180 and a state tax refund of $60. Her itemized deductions for 2015 were $12,430. 11. Paige found a renter for her father's house on August 1, 2018. The monthly rent is $400, and the lease agreement is for one year. The lease requires the tenant to pay the fint and last month's rent and a $400 security deposit. The security deposit is to be retumed at the end of the lease if the property is in good condition. On August 1, 2018, Paige rocelved 51,200 from the tenant per the terms of the lease agreement. In November 2018, the plumbing froze and several pipes burt. The tenant had the repairs mado and paid the $300 bill. In December 2018, he reduced his rental peyment to $100 to compensate for the plumbing repairs. Paige provides you with the following additional information for the rental in 2018. The rental property is located at 35 Harvest Street, Orono, Maine 04473. Local practice is to allocate 12 pereent of the fair market value of the property to the land. (See 14.) Paige makes all decisions with respect to the property, 2wo oqj jo enen yooq oqu no poseq eins oqj