using 2021 US base tax system

(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 2021. She is 45 years old 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 Insurance premiums $ 7,952 Medical care expenses $ 1.100 Prescription medicine Nonprescription medicine $ 100 New contact lenses for Heather Shortly after the move, Reba got distracted while driving and she 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 pald the remaining 40 percent portion A few years ago, Reba acquired several investments with her portion 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 year. 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. Assume Reba received the correct advance payment for her 2021 individual recovery credit. $ 350 $ 200 23 4 40 66 mandard 1 Wages, lips, etc. Attach Forms) W-2 38.000 ach Son B Tex-compt interest Table West 25 0 sa Quand dividends Ja o Ordinary dividends. 36 0 4a RA distrions QlTunt 0 Sa Pension and annuities 50 Olb Tarable amount On Social security benefits ol Taxatie amount 0 7 Capital gain or los Altach Schedule Dit required. If not required. check here 7 One income from Schedule 1,19 0 duction for Bangle or Married Add toes 1.20, 30, 40.5, 0.7. ad . This is your total income ng sarately 38,000 2.400 arreding 10 Adjustments to income nully or Qualifying a From Schedule 1, ine 22 100 Bower Chat contributions if you take the standard deduction See Instruction 106 0 Add lines 10 and 106. These are your total diments to come 100 2.650 you checked 11 Subtract line 10c from line. This is your adjusted gross income 11 30.000 boundar andant 12 0 12 Standard deduction of mid deductions from Schedule) instruction 13 13 Wed business income deduction Allach Form of Form 6005 A 14 14 Addnes 12 and 13 10 38.000 15 Table income Boatine 1 from ine 11. If or less enter- CH. No. 113200 Form 164020301 Disclosure Privacy Act, and Paperwork Reduction Act Notice, se separate instructions BAIMINATION OF AN OFFICIAL U.S. TAX FORM. IT IS NOT THE OFFICIAL FORM ITSELE DO NOT USE THIS FORM FOR TAX FILINGS OR FOR ANY PURPOSE OTHER THAN LOUCATIONAL 2021 2009 ada