Question
Valerie Winwood is single, has no dependents, and lives at 55855 Ridge Drive in Lafayette, LA 70593. Her social security number is 412-34-5670 (date of
Valerie Winwood is single, has no dependents, and lives at 55855 Ridge Drive in Lafayette, LA 70593. Her social security number is 412-34-5670 (date of birth 3/15/1980). Her W-2 contained the following information: Wages (box 1) $48,965.25 Federal W/H (box 2) $5,024.38 Social security wages (box 3) $48,965.25 Social security W/H (box 4) $3,035.85 Medicare wages (box 5) $48,965.25 Medicare W/H (box 6) $710.00 She has gambling winnings of $1,050 and the following expenses: State income taxes $3,200 Real estate property taxes 1,150 Medical expenses 6,400 Charitable cash contributions (no single contribution was more than $250) 450 Mortgage interest expense 5,605 Personal property taxes 720 Gambling losses 1,160 Required: Prepare a Form 1040 with a Schedule 1 and Schedule A.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started