45. Logan B. Taylor is a widower whose wife, Sara, died on June 6, 2016. He lives at 4680 Dogwood Lane, Springfield, MO 65801. He is employed as a paralegal by a local law firm. For 2018, he reported the following receipts:

Salary 80,000

Interest Income

Money market account at Omni Bank 300

Savings account at Bosne State Bank 1,100

City of Springfield general purpose bonds 3,000

4,400

Inheritance from Daniel 60,000

Life insurance proceeds 200,000

Amount from sale of St. Louis lot 80,000

Proceeds from estate sale 9,000

Federal income tax refund (2017 overpayment) 700

In 2018, Logan inherited securities worth $60,000 from his deceased uncle, Daniel. Logan also was the designated beneficiary of an insurance policy on Daniel's life with a maturity value of $200,000. The lot in St. Louis was purchased on May 2, 2013, for $85,000 snd held as an investment. Because the neighborhood has deteriorated, Logan decided to cut his losses and sold the lot on January 5, 2018, for $80,000. The estate sale consisted largely of items belonging to Sara and Daniel (e.g., camper, boat, furniture, and fishing and hunting equipment). Logan estimates that the property sold originally cost at least twice the $9,000 he received and has declined or stayed the same in value since Sara snd Daniel died.

Logan's other 2018 expenditures include the following:

2016. He lives at aralegal by a local In early $ 80,000 wanded on June empuan Helen Arizo Ashe . Ma M e $ 200 1,100 Using mont 2.000 60.000 200.000 D LO Theref Wri his Fec 9,000 700 proconnect mentic from his deceased uncle, Da policy on Daniel's life hased on May 2, 2013 ed has deteriorated 5. 2018, for $80,000. The and has declined Note: Sol Reuters textbook typical ta the dead beneficiary of an insurance poli of The one loc was purchased met Because the neighborhood has 2012 his sold the loc on fanuary 5, 2018 by of lems belonging to Sura and Daniele and fishing and hunting equipment Logan estimates the campe cost at least twice the $9.000 he received and has prop de minas Sand Daniel died. t erus penditures include the following dig for det er Research $11.500 54.200 melindudes wholding C h ad pledges for 2018 and 2019 4.500 8,700 5.600 4.800 L and is dependents were covered by his employer's health insurance play all of However, he is subject to a deductible, and dental Gates misdale The $10.00 dental change was for Helen's implants, Helen is Logan widowed meher who lives with him (see below). Logan normally pledges $2.400 ($200 per month each year to his church On December 5, 2018, upon the advice of his pastor, be prepaid his pledge for 2019 Logan's household, all of whom he supports, includes the following Social Security Number Birth Date La Taylor 123-45-6787 08/30/1970 01/13/1948 07/12/1995 and Me Caly rece pal bets trave $1.0 anc exp Dar cle: bus And Tir ac tha 123-45-6780 123456784 02/16/1996 Mc de gasther Teresa modest Social Security benefit. Asher e student in dental school and earns $500 as part-time den a, a daughter, does not work and is engaged to be married. un benefit. Asher, a son, is Sa part-time dental assistant ful ng Die appropriate forms and sche comes of spent his income the their e pop de b m e loon's 2018 Fe the from his wages. Lo is the fund sent to s of Social Security and Medicare axes contre to the Presidential Election Tux Online an's 2018 Federal income I Logan has any it to him. Assume that o care taxes were withheld. Loe election Campaign Fund, Sugges 2016. He lives at aralegal by a local In early $ 80,000 wanded on June empuan Helen Arizo Ashe . Ma M e $ 200 1,100 Using mont 2.000 60.000 200.000 D LO Theref Wri his Fec 9,000 700 proconnect mentic from his deceased uncle, Da policy on Daniel's life hased on May 2, 2013 ed has deteriorated 5. 2018, for $80,000. The and has declined Note: Sol Reuters textbook typical ta the dead beneficiary of an insurance poli of The one loc was purchased met Because the neighborhood has 2012 his sold the loc on fanuary 5, 2018 by of lems belonging to Sura and Daniele and fishing and hunting equipment Logan estimates the campe cost at least twice the $9.000 he received and has prop de minas Sand Daniel died. t erus penditures include the following dig for det er Research $11.500 54.200 melindudes wholding C h ad pledges for 2018 and 2019 4.500 8,700 5.600 4.800 L and is dependents were covered by his employer's health insurance play all of However, he is subject to a deductible, and dental Gates misdale The $10.00 dental change was for Helen's implants, Helen is Logan widowed meher who lives with him (see below). Logan normally pledges $2.400 ($200 per month each year to his church On December 5, 2018, upon the advice of his pastor, be prepaid his pledge for 2019 Logan's household, all of whom he supports, includes the following Social Security Number Birth Date La Taylor 123-45-6787 08/30/1970 01/13/1948 07/12/1995 and Me Caly rece pal bets trave $1.0 anc exp Dar cle: bus And Tir ac tha 123-45-6780 123456784 02/16/1996 Mc de gasther Teresa modest Social Security benefit. Asher e student in dental school and earns $500 as part-time den a, a daughter, does not work and is engaged to be married. un benefit. Asher, a son, is Sa part-time dental assistant ful ng Die appropriate forms and sche comes of spent his income the their e pop de b m e loon's 2018 Fe the from his wages. Lo is the fund sent to s of Social Security and Medicare axes contre to the Presidential Election Tux Online an's 2018 Federal income I Logan has any it to him. Assume that o care taxes were withheld. Loe election Campaign Fund, Sugges