which anounts go in each form

which amounts go in each form

Note: This problem is for the 2021 tax year. Roberta Santos, age 41, is single and lives at 120 Sanborne Avenue, Springfield, IL. 62701 . Her Social Security number is 123 - 45 - 6780 . Roberta has been divorced from her former husband, Wayne, for two years. 5 he has a son, Jason, who is 17 , and a daughter, June, who is 18. Jason's Social Security number is 111-11-1112, and June's is 123-45-6788, Roberta has never owned or used any virtual currency. She does not want to contribute $3 to the Presidential Election Campaign Fund, Roberta received the appropriate recovery rebates (economic impact payments); related questions in ProConnect Tox should be ignored. Roberta, an advertising executive, earned a salary from ABC Advertising of $136,000 in 2021 . Her employer withheid 516,000 in Federal income tax and $4,400 in state income tax. Roberta has legal custody of Jason and June. The divorce decree provides that Roberta is to recelve the dependency deductions for the children. Jason llves with his father during summer vacation. Wayne indicates that his expenses for Jason are s5,500, Roberta can document that she spent 58,500 for Zason's support during 2021, th prior years, Roberta gave a signed Form 8332 to Wayne regarding Jason. For 2021, she has decided not to do so, Roberta provides all of June's support. Roberta's mother died on January 7, 2021. Roberta inherited assets worth 5625,000 from her mother As the sole beneficiary of her: mother's lyfe insurance policy, Roberta recelved insurance proceeds of $300,000. Her mother's cost basis for the life insurance policy was $120,000, Roberta's favorite aunt gave her $13,000 for her birthday in October. On November B, 2021, Roberta sells for $22,000. Amber stock that she had purchased for $24,000 from her first cousin, Wait, on December 5, 2016, Wait's cost basis for the stock was 526,000 . On December 1,2021 , Roberta sold Falcon stock for $13,500,5 he had acquired the stock on July 2,2017 , for $8,000. An examination of Roberta's records reveals that she recelved the following: An examination of Roberta's records reveals that she recelved the following: - interest income of $2,500 from First Savings Bank. - Groceries valued at $750 from Kroger Groceries for being the 100,000 ch customer. - Qualified dividend income of $1,800 from Amber. - Interest income of $3,750 on City of Springfleld school bonds. - Alimony of 516,000 from Wayne; divorce finalized in May 2019. - Distribution of s4,800 from ST Partnership (Employer Identification Number: 46-4567893), Her distributive share of the partrership passive taxable income was 55,300 . She had no prior passive activity losses. Assume that the qualified business income deduction applies and the W-2 wage limitation does not. From her chechbook records, she determines that she made the following payments during 2021: - Charitable contributions of 54,500 to Firat Presbyterian Church and 51,500 to the American Red Cross (proper receipts obtained). - Payment of $5,000 to [CM Hospital for the medical expenses of a friend from work. - Mortgage interest on her residence of $7,800 to Peoples Bank. - Property taxes of $3,200 on her residence and $1,100 (ad valorem) on her car. 5800 for landscaping expenses for residence. - Estimated Faderal income taxes of $2,800 and estimated state income taxes of $1,000. - Medical expenses of $5,000 for her and $800 for Jason. In December, her medical insurance policy reimbursed $1,500 of her medical expenses. She had full-year health care coverage. - A s1,000 ticket for parking in a handicapped space. - Attorney's fees of $500 associated with unsuccessfully contesting the parking ticket. - Contribution of $250 to the campaign of a candidate for governor. Because she did not maintain records of the sales tax she paid, she calculates the amount from the sales tax table to be 51,808 . Required: Calculate Roberta's net tax payable or refund due for 2021