Appendix D: Jenny Singer Information

For the fourth client, Jenny Singer, your boss wants you to prepare Form 1040, Schedule A, B and supporting forms (4684).

Facts:

Jenny is a 30-year old single woman. She is a financial planner and also works a side job on weekends in an art gallery. No one else can claim Jenny as a dependent. For 20X1, she had the following information:

Taxpayer:	Jenny Singer 123 French Street Paris, TX 72000
Social Security No.	123-45-6789
INCOME
W-2 from 1st employer Gross wages income:	$13,164
Federal withholding	$ 921
W-2 from 2nd employer Gross wages:	$50,000
Federal withholding	$ 9,500
Interest income from bank	$ 132
Interest income from brokerage firm	$ 2,100
Ordinary "qualified" dividends from a large U.S. corporation	$ 3,000

Using the facts above, prepare Form 1040, Schedule A & B for Jenny for the most recent year for which there is a form (this is almost always the calendar year prior to the present year). Remember to consider both the standard deduction and the personal exemption, if any. Also, you may need other forms, such as the 4684 and instructions.