Appendix E: Kytrina Casio Information

For your fifth client, your boss wants you to prepare Form 1040, Schedule A, B, and supporting forms (4684) for Kytrina Casio.

Facts:

Kytrina is a 30-year old single person. She is a graphic artist who also works in an antique store on weekends.No one else can claim Kytrina as a dependent. For 20XX, she had the following information:

Taxpayer:

Kytrina Casio

123 Park Avenue

Flowers, TX 75000

Social Security No.

123-45-6789

INCOME:

W-2 from 1^stemployer

Gross wages income:

$13,164

Federal Withholding

$921

W-2 from 2d employer

Gross wages income:

$50,000

Federal withholding

$ 9,500

Interest income from bank

$132

Interest income from brokerage firm

$ 2,100

Ordinary "qualified" dividends from large U.S. corporation:

$ 3,000

POSSIBLE DEDUCTIONS:

Mortgage interest paid

$ 6,700

State and local income taxes paid

$ 1,400

Charitable contributions to a 501(c)(3) charity

$ 1,800

Casualty loss, her garage was destroyed by fire. Cost and fair market value were

$ 9,000

Insurancepay outfor the garage fire:

$ 3,000

Property taxes on her home

$ 2,600

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