Question: Can I get help please I dont know what you mean Comprehensive Problem 6-62 (LO 6-1, LO 6-2, LO 6-3) (Algo) [The following information applies

Can I get help please
Can I get help please I dont know what you mean Comprehensive
Problem 6-62 (LO 6-1, LO 6-2, LO 6-3) (Algo) [The following information
applies to the questions displayed below.] Shauna Coleman is single. She is
I dont know what you mean

Comprehensive Problem 6-62 (LO 6-1, LO 6-2, LO 6-3) (Algo) [The following information applies to the questions displayed below.] Shauna Coleman is single. She is employed as an architectural designer for Streamline Design (SD). Shauna wanted to determine her taxable income for this year (2021). She correctly calculated her AGI. However, she wasn't sure how to compute the rest of her taxable income. She provided the following information with hopes that you could use it to determine her taxable income. a. Shauna paid $4,694 for medical expenses for care related to a broken ankle. Also, Shauna's boyfriend, Blake, drove Shauna (in her car) a total of 115 miles to the doctor's office so she could receive care for her broken ankle. b. Shauna paid a total of $3,435 in health insurance premiums during the year (not through an exchange). SD did not reimburse any of this expense. Besides the health insurance premiums and the medical expenses for her broken ankle, Shauna had Lasik eye surgery last year and paid $3,035 for the surgery (she received no insurance reimbursement). She also incurred $464 of other medical expenses for the year. c. SD withheld $1,835 of state income tax, $7,530 of Social Security tax, and $14,640 of federal income tax from Shauna's paychecks throughout the year. d. In 2021, Shauna was due a refund of $264 for overpaying her 2020 state taxes. On her 2020 state tax return that she filed in April 2021, she applied the overpayment toward her 2021 state tax liability. She estimated that her state tax liability for 2021 will be $2,335. e. Shauna paid $3,235 of property taxes on her personal residence. She also paid $514 to the developer of her subdivision because he had to replace the sidewalk in certain areas of the subdivision. f. Shauna paid a $214 property tax based on the state's estimate of the value of her car. g. Shauna has a home mortgage loan in the amount of $227,000 that she secured when she purchased her home. The home is worth about $407,000. Shauna paid interest of $12,440 on the loan this year. h. Shauna made several charitable contributions throughout the year. She contributed stock in ZYX Corporation to the Red Cross. On the date of the contribution, the fair market value of the donated shares was $1,140 and her basis in the shares was $456. Shauna originally bought the ZYX Corporation stock in 2009. Shauna also contributed $314 cash to State University and religious artifacts she has held for several years to her church. The artifacts were valued at $514 and Shauna's basis in the items was $314. Shauna had every reason to believe the church would keep them on display indefinitely. Shauna also drove 200 miles doing church-related errands for her minister. Finally, Shauna contributed $1,235 of services to her church last year. 1. Shauna paid $264 in investment advisory fees and another $164 to have her tax return prepared (that is, she paid $164 in 2021 to have her 2020 tax return prepared). J. Shauna is involved in horse racing as a hobby. During the year, she won $2,535 in prize money and incurred $11,400 in expenses. She has never had a profitable year with her horse-racing activities, so she acknowledges that this is a hobby for federal income tax purposes. k. Shauna sustained $2,035 in gambling losses over the year (mostly horse-racing bets) and had only $214 in winnings. Comprehensive Problem 6-62 Part a-2 (Algo) a-2. Complete page 1 of Form 1040 (through taxable income, line 15) and Schedule A assuming her AGI is $114,000. (Round your intermediate computations to the nearest whole dollar amount. Input all the values as positive numbers. Enter any non-financial information, (e.g. Names, Addresses, social security numbers) EXACTLY as they appear in any given information or Problem Statement. Use 2021 tax rules regardless of year on form.) Comprehensive Problem 6-62 Part a-2 (Algo) a-2. Complete page 1 of Form 1040 (through taxable income, line 15) and Schedule A assuming her AGI is $114,000. (Round your intermediate computations to the nearest whole dollar amount. Input all the values as positive numbers. Enter any non-financial information, (e.g. Names, Addresses, social security numbers) EXACTLY as they appear in any given information or Problem Statement. Use 2021 tax rules regardless of year on form.) Shauna's address is 19010 N.W. 135th Street, Miami, FL 33054. Social security numbers: Shauna Coleman: 111-11-1111 Form 1040 for Single with no dependents. 1040 PG 1 Form 1040 Page 1. Form 1040 Schedule A Filing Status Check only one box Department of the Treasury- Internal Revenue Service (99) U.S. Individual Income Tax Return Mamed fing Single Marted fling separately (MFS) Head of household (HO) Qualifying widow(er) (GW) jointly If you checked the MFS box, enter the name of your spouse. If you checked the HOH or QW box, enter the child's name if the qualifying person is a child but not your dependent Your first name and middel Shauna joint return, spouse's first name and middle inal 2020 Last name Coleman Last name Home address (number and street). If you have a PO box, see instructions 19010 N.W. 135th Street City, town, or post office if you have a foreign address, also complete spaces below Miami, FL 33054 Foreign country name OMB No. 1545-0074 State Foreign postal code IRS Use Only-Do not write or staple in this space Apt no. ZIP code Foreign province/statalcounty At any time during 2020, did you receive, soll, send, exchange, or otherwise acquire any financial interest in any virtual currency? Someone can Standard You as a dependent Your spouse as a dependent Your social security number 111-11-1111 Spouse's social security number Presidential Election Campaign Check here if you, or your spouse if Ning jointly, want $3 to go to this fund Checking a box below will not change your tax or refund You Yos Spouse ONO TOUT SEUL City, town, or post office. If you have a foreign address, also complete spaces below. Miami, FL 33054. Foreign country name Standard Deduction Age/Blindness Dependents If more than four dependents, see instructions and check here At any time during 2020, did you receive, sell, send, exchange, or otherwise acquire any financial interest in any virtual currency? Attach Sch. Bi required Standard Deduction for- Single or Married fling separately. $12,400 Married filing jointly or Qualifying widow(er). $24,800 Head of household, $18.650 If you checked any box under Standard Deduction. see instructions Someone can claim: Foreign province/state/county You as a dependent Spouse itemizes on a separate return or you were a dual-status alien Were bom before January 2, 1956 Are blind (2) Social security number You: (see instructions): (1) First name Last name 1 Wages, salaries, tips, etc. Attach Form(s) W-2 2a Tax-exempt interest 3a Qualified dividends 4a IRA distributions 2a 3a 4a 5a State Sa Pensions and annuities Sa Social security benefits 6a 7 Capital gain or (loss). Attach Schedule D if required. If not required, check here 8 Other income from Schedule 1, line 9 9 Add lines 1, 2b, 36, 4b, 5b, 6b, 7, and 8. This is your total income 10 Adjustments to income: a From Schedule 1, line 22 Foreign postal code Your spouse as a dependent 14 Add lines 12 and 13 15 Taxable income. Subtract line 14 from line 11. If zero or less, enter-O- Spouse: 10a b Charitable contributions if you take the standard deduction. See instructions 10b cAdd lines 10a and 10b. These are your total adjustments to income 11 Subtract line 10c from line 9. This is your adjusted gross income 12 Standard deduction or itemized deductions (from Schedule A) 13 Qualified business income deduction. Attach Form 8995 or Form 8995-A ZIP code b Taxable interest b Ordinary dividends b Taxable amount b Taxable amount b Taxable amount Check here if you, or your spouse if filing jointly, want $3 to go to this fund. Checking a box below will not change your tax or refund. You Was born before January 2, 1956 (3) Relationship to you Yes 1 26 (4) if qualifies for (see instructions) Child tax credit Credit for other dependents 3b 4b 5b 6b 7 8 9 100 11 12 13 14 15 Spouse ONO No O O is blind 114,000 114,000 114,000 0 114,000 Comprehensive Problem 6-62 (LO 6-1, LO 6-2, LO 6-3) (Algo) [The following information applies to the questions displayed below.] Shauna Coleman is single. She is employed as an architectural designer for Streamline Design (SD). Shauna wanted to determine her taxable income for this year (2021). She correctly calculated her AGI. However, she wasn't sure how to compute the rest of her taxable income. She provided the following information with hopes that you could use it to determine her taxable income. a. Shauna paid $4,694 for medical expenses for care related to a broken ankle. Also, Shauna's boyfriend, Blake, drove Shauna (in her car) a total of 115 miles to the doctor's office so she could receive care for her broken ankle. b. Shauna paid a total of $3,435 in health insurance premiums during the year (not through an exchange). SD did not reimburse any of this expense. Besides the health insurance premiums and the medical expenses for her broken ankle, Shauna had Lasik eye surgery last year and paid $3,035 for the surgery (she received no insurance reimbursement). She also incurred $464 of other medical expenses for the year. c. SD withheld $1,835 of state income tax, $7,530 of Social Security tax, and $14,640 of federal income tax from Shauna's paychecks throughout the year. d. In 2021, Shauna was due a refund of $264 for overpaying her 2020 state taxes. On her 2020 state tax return that she filed in April 2021, she applied the overpayment toward her 2021 state tax liability. She estimated that her state tax liability for 2021 will be $2,335. e. Shauna paid $3,235 of property taxes on her personal residence. She also paid $514 to the developer of her subdivision because he had to replace the sidewalk in certain areas of the subdivision. f. Shauna paid a $214 property tax based on the state's estimate of the value of her car. g. Shauna has a home mortgage loan in the amount of $227,000 that she secured when she purchased her home. The home is worth about $407,000. Shauna paid interest of $12,440 on the loan this year. h. Shauna made several charitable contributions throughout the year. She contributed stock in ZYX Corporation to the Red Cross. On the date of the contribution, the fair market value of the donated shares was $1,140 and her basis in the shares was $456. Shauna originally bought the ZYX Corporation stock in 2009. Shauna also contributed $314 cash to State University and religious artifacts she has held for several years to her church. The artifacts were valued at $514 and Shauna's basis in the items was $314. Shauna had every reason to believe the church would keep them on display indefinitely. Shauna also drove 200 miles doing church-related errands for her minister. Finally, Shauna contributed $1,235 of services to her church last year. 1. Shauna paid $264 in investment advisory fees and another $164 to have her tax return prepared (that is, she paid $164 in 2021 to have her 2020 tax return prepared). J. Shauna is involved in horse racing as a hobby. During the year, she won $2,535 in prize money and incurred $11,400 in expenses. She has never had a profitable year with her horse-racing activities, so she acknowledges that this is a hobby for federal income tax purposes. k. Shauna sustained $2,035 in gambling losses over the year (mostly horse-racing bets) and had only $214 in winnings. Comprehensive Problem 6-62 Part a-2 (Algo) a-2. Complete page 1 of Form 1040 (through taxable income, line 15) and Schedule A assuming her AGI is $114,000. (Round your intermediate computations to the nearest whole dollar amount. Input all the values as positive numbers. Enter any non-financial information, (e.g. Names, Addresses, social security numbers) EXACTLY as they appear in any given information or Problem Statement. Use 2021 tax rules regardless of year on form.) Comprehensive Problem 6-62 Part a-2 (Algo) a-2. Complete page 1 of Form 1040 (through taxable income, line 15) and Schedule A assuming her AGI is $114,000. (Round your intermediate computations to the nearest whole dollar amount. Input all the values as positive numbers. Enter any non-financial information, (e.g. Names, Addresses, social security numbers) EXACTLY as they appear in any given information or Problem Statement. Use 2021 tax rules regardless of year on form.) Shauna's address is 19010 N.W. 135th Street, Miami, FL 33054. Social security numbers: Shauna Coleman: 111-11-1111 Form 1040 for Single with no dependents. 1040 PG 1 Form 1040 Page 1. Form 1040 Schedule A Filing Status Check only one box Department of the Treasury- Internal Revenue Service (99) U.S. Individual Income Tax Return Mamed fing Single Marted fling separately (MFS) Head of household (HO) Qualifying widow(er) (GW) jointly If you checked the MFS box, enter the name of your spouse. If you checked the HOH or QW box, enter the child's name if the qualifying person is a child but not your dependent Your first name and middel Shauna joint return, spouse's first name and middle inal 2020 Last name Coleman Last name Home address (number and street). If you have a PO box, see instructions 19010 N.W. 135th Street City, town, or post office if you have a foreign address, also complete spaces below Miami, FL 33054 Foreign country name OMB No. 1545-0074 State Foreign postal code IRS Use Only-Do not write or staple in this space Apt no. ZIP code Foreign province/statalcounty At any time during 2020, did you receive, soll, send, exchange, or otherwise acquire any financial interest in any virtual currency? Someone can Standard You as a dependent Your spouse as a dependent Your social security number 111-11-1111 Spouse's social security number Presidential Election Campaign Check here if you, or your spouse if Ning jointly, want $3 to go to this fund Checking a box below will not change your tax or refund You Yos Spouse ONO TOUT SEUL City, town, or post office. If you have a foreign address, also complete spaces below. Miami, FL 33054. Foreign country name Standard Deduction Age/Blindness Dependents If more than four dependents, see instructions and check here At any time during 2020, did you receive, sell, send, exchange, or otherwise acquire any financial interest in any virtual currency? Attach Sch. Bi required Standard Deduction for- Single or Married fling separately. $12,400 Married filing jointly or Qualifying widow(er). $24,800 Head of household, $18.650 If you checked any box under Standard Deduction. see instructions Someone can claim: Foreign province/state/county You as a dependent Spouse itemizes on a separate return or you were a dual-status alien Were bom before January 2, 1956 Are blind (2) Social security number You: (see instructions): (1) First name Last name 1 Wages, salaries, tips, etc. Attach Form(s) W-2 2a Tax-exempt interest 3a Qualified dividends 4a IRA distributions 2a 3a 4a 5a State Sa Pensions and annuities Sa Social security benefits 6a 7 Capital gain or (loss). Attach Schedule D if required. If not required, check here 8 Other income from Schedule 1, line 9 9 Add lines 1, 2b, 36, 4b, 5b, 6b, 7, and 8. This is your total income 10 Adjustments to income: a From Schedule 1, line 22 Foreign postal code Your spouse as a dependent 14 Add lines 12 and 13 15 Taxable income. Subtract line 14 from line 11. If zero or less, enter-O- Spouse: 10a b Charitable contributions if you take the standard deduction. See instructions 10b cAdd lines 10a and 10b. These are your total adjustments to income 11 Subtract line 10c from line 9. This is your adjusted gross income 12 Standard deduction or itemized deductions (from Schedule A) 13 Qualified business income deduction. Attach Form 8995 or Form 8995-A ZIP code b Taxable interest b Ordinary dividends b Taxable amount b Taxable amount b Taxable amount Check here if you, or your spouse if filing jointly, want $3 to go to this fund. Checking a box below will not change your tax or refund. You Was born before January 2, 1956 (3) Relationship to you Yes 1 26 (4) if qualifies for (see instructions) Child tax credit Credit for other dependents 3b 4b 5b 6b 7 8 9 100 11 12 13 14 15 Spouse ONO No O O is blind 114,000 114,000 114,000 0 114,000

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