Question
Use the following information to prepare a 2022 Form 1040, Schedule 1, and Schedules A and B for Leonard Cox. 1. Leonard Cox is a
Use the following information to prepare a 2022 Form 1040, Schedule 1, and Schedules A and B for Leonard Cox.
1. Leonard Cox is a single taxpayer. Leonards social security number is 445-019266, and his date of birth is April 5, 1978. He lives at 2202 Houston Street, Broken Arrow, OK 74012.
2. Leonard is a store manager. His W-2 shows wages of $104,000, federal withholding of $12,200, and Oklahoma withholding of $4,050. When he filed his Oklahoma tax return for 2021 in April of 2022, he paid a balance due of $1,200.
3. Leonard received a 1099-INT that reported $21.12 in interest on his savings account at the Bank of Oklahoma. He also received a 1099-DIV from BOK Financial that reported $5,500 in dividends, including $5,300 in qualified dividends.
4. Leonard contributed $4,000 to his IRA for 2022 and paid $1,200 interest on his student loans. Leonard is not covered by a pension plan through his employer.
5. Leonard has health insurance through his employer, but he had unreimbursed deductible medical expenses of $12,175.
6. He received Form 1098 from his mortgage lender. This form reports that he paid $8,275 in interest on his home mortgage and $2,150 in property taxes on his residence.
7. Leonards charitable contributions included $2,400 to his church and $150 to Doctors without Borders.
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