Required information [The following information applies to the questions displayed below.] Reba Dixon is a fifth-grade...

  

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Required information [The following information applies to the questions displayed below.] Reba Dixon is a fifth-grade school teacher who earned a salary of $38,300 in 2019. She is 45 years old and has been divorced for four years. She receives $1,240 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 $2,090 to move their personal belongings, and she and Heather spent two days driving the 1,442 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 $3,080 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 $5,880 in state income taxes and $12,580 in charitable contributions during the year. She also paid the following medical-related expenses for herself and Heather: 2019 Tax Rate Schedules Individuals Schedule X Single Schedule ZHend of Housebold If taxable ncome But not over The tax k If tatable locome s But not over: The tax ik: Is over: ver S 9,700 10% of taable income S 13.350 10% of taxable income S S2s50 S1.385 plas 124 of the excess over S 9,700 S70 plun 125 of the excr over S00 S13.a50 3 39.475 S 54.200 S450 plus 224 of 5 52.50 SSL200 S6.065 plus 22 of the exces over the excess over S30475 552950 S S4,200 S160.725 S14.30250 plu 24 SS400 Si60,700 S12.962 plus 24% of of the os over the escess over S54.200 S04200 S160.725 S204.100 S32.745 30 plus 32s S60.700 S204.100 S31,322 plus 32% of of the escess over the excess over S160.725 S160.700 S46.62 50 plan 35s S45.210 plas 35% of the excess over S204.100 S510.00 5204.100 5510.300 of the escs over S204.100 S204.100 S152.300 plas 37% of the excess over S310.300 SIS3,796 50 pls 37% SS10.300 of the encris over $510.J00 S510.300 Schedule Y1-Marrled Plng Jolatly or Qualityng Sehehule Y 2 Married VIllng Sepurately Widowter) If taxable Ineome But not eve is over The tax e Ir tasable lacme s But not over: The tax k: ve S 19.400 10% of taable income S 9,700 10% of taxable income S 19,400 S 75950 S1.940 plu 125 of S 9,700 S 39,475 5970 plus 12% of the the excess ove excesa over S9,700 S19,400 S 78,950 S166.400 S0,006 pl 225 of S 39475 S 34.200 S4,543 plus 224 of the excess over the escess ove S39,475 S168,400 5321,450 528,765 plus 24 of S 34200 SI60.725 S14,362.30 plus 24% the encess over of the excess over S168.400 S34,200 S321,450 S400.250 S65.497 plus 32 of S204,100 S32.748 50 plus 32s the escess over of the escess over $321.450 S160,725 S406,250 S612.350 S93.257 plus 35% of S204.100 S306,175 S46,623 50 plus 35 the excess oner of the escess over S40.250 S204.100 S612.150 S164,709 50 plus 375 S306,175 582.354.75 plus 375 of the escess over of the escess over S612350 S306.175 Insurance premiums Medical care expenses $8,032 $1,180 $ 430 Prescription medicine Nonprescription medicine New contact lenses for Heather $ 280 180 Shortly after the move, Reba got distracted while driving and she ran into a street sign. The accident caused $980 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 $2,080 from her disability insurance. Her employer, the Central Georgia School District, paid 60% of the premiums on the policy as a nontaxable fringe benefit and Reba paid the remaining 40% 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: $2,280 of interest income from corporate bonds and $1,580 interest income from City of Denver municipal bonds. Overall, Reba's stock portfolio appreciated by $12,080 but she did not sell any of her stocks. Heather reported $6,360 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. Reba had qualifying insurance for purposes of the Affordable Care Act (ACA). a. Determine Reba's federal income taxes due or taxes payable for the current year. Use Tax Rate Schedule for reference. (Round your intermediate computations and final answers to the nearest whole dollar amount. Leave no answer blank. Enter zero if applicable.) Required information [The following information applies to the questions displayed below.] Reba Dixon is a fifth-grade school teacher who earned a salary of $38,300 in 2019. She is 45 years old and has been divorced for four years. She receives $1,240 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 $2,090 to move their personal belongings, and she and Heather spent two days driving the 1,442 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 $3,080 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 $5,880 in state income taxes and $12,580 in charitable contributions during the year. She also paid the following medical-related expenses for herself and Heather: 2019 Tax Rate Schedules Individuals Schedule X Single Schedule ZHend of Housebold If taxable ncome But not over The tax k If tatable locome s But not over: The tax ik: Is over: ver S 9,700 10% of taable income S 13.350 10% of taxable income S S2s50 S1.385 plas 124 of the excess over S 9,700 S70 plun 125 of the excr over S00 S13.a50 3 39.475 S 54.200 S450 plus 224 of 5 52.50 SSL200 S6.065 plus 22 of the exces over the excess over S30475 552950 S S4,200 S160.725 S14.30250 plu 24 SS400 Si60,700 S12.962 plus 24% of of the os over the escess over S54.200 S04200 S160.725 S204.100 S32.745 30 plus 32s S60.700 S204.100 S31,322 plus 32% of of the escess over the excess over S160.725 S160.700 S46.62 50 plan 35s S45.210 plas 35% of the excess over S204.100 S510.00 5204.100 5510.300 of the escs over S204.100 S204.100 S152.300 plas 37% of the excess over S310.300 SIS3,796 50 pls 37% SS10.300 of the encris over $510.J00 S510.300 Schedule Y1-Marrled Plng Jolatly or Qualityng Sehehule Y 2 Married VIllng Sepurately Widowter) If taxable Ineome But not eve is over The tax e Ir tasable lacme s But not over: The tax k: ve S 19.400 10% of taable income S 9,700 10% of taxable income S 19,400 S 75950 S1.940 plu 125 of S 9,700 S 39,475 5970 plus 12% of the the excess ove excesa over S9,700 S19,400 S 78,950 S166.400 S0,006 pl 225 of S 39475 S 34.200 S4,543 plus 224 of the excess over the escess ove S39,475 S168,400 5321,450 528,765 plus 24 of S 34200 SI60.725 S14,362.30 plus 24% the encess over of the excess over S168.400 S34,200 S321,450 S400.250 S65.497 plus 32 of S204,100 S32.748 50 plus 32s the escess over of the escess over $321.450 S160,725 S406,250 S612.350 S93.257 plus 35% of S204.100 S306,175 S46,623 50 plus 35 the excess oner of the escess over S40.250 S204.100 S612.150 S164,709 50 plus 375 S306,175 582.354.75 plus 375 of the escess over of the escess over S612350 S306.175 Insurance premiums Medical care expenses $8,032 $1,180 $ 430 Prescription medicine Nonprescription medicine New contact lenses for Heather $ 280 180 Shortly after the move, Reba got distracted while driving and she ran into a street sign. The accident caused $980 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 $2,080 from her disability insurance. Her employer, the Central Georgia School District, paid 60% of the premiums on the policy as a nontaxable fringe benefit and Reba paid the remaining 40% 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: $2,280 of interest income from corporate bonds and $1,580 interest income from City of Denver municipal bonds. Overall, Reba's stock portfolio appreciated by $12,080 but she did not sell any of her stocks. Heather reported $6,360 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. Reba had qualifying insurance for purposes of the Affordable Care Act (ACA). a. Determine Reba's federal income taxes due or taxes payable for the current year. Use Tax Rate Schedule for reference. (Round your intermediate computations and final answers to the nearest whole dollar amount. Leave no answer blank. Enter zero if applicable.)