Question: can you help me put this problem on form 1 0 4 0 line 1 to line 1 5 and schedule A Shauna Coleman is
can you help me put this problem on form line to line and schedule A
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. 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 for
Shauna paid $
for medical expenses for care from a broken ankle in October. Also, Shauna's boyfriend, Blake, drove Shauna
in her car
a total of
miles to the doctor's office so she could receive care for her broken ankle.
Shauna paid a total of $
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 $
for the surgery
she received no insurance reimbursement
She also incurred $
of other medical expenses for the year.
SD withheld $
of state income tax, $
of Social Security tax, and $
of federal income tax from Shauna's paychecks throughout the year.
In
Shauna was due a refund of $
for overpaying her
state taxes. On her
state tax return that she filed in April
she applied the overpayment toward her
state tax liability. She estimated that her state tax liability for
will be $
Shauna paid $
of property taxes on her personal residence. She also paid $
to the developer of her subdivision because he had to replace the sidewalk in certain areas of the subdivision.
Shauna paid a $
property tax based on the state's estimate of the value of her car.
Shauna has a home mortgage loan in the amount of $
that she secured when she purchased her home. The home is worth about $
Shauna paid interest of $
on the loan this year.
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 $
and her basis in the shares was $
Shauna originally bought the ZYX Corporation stock in
Shauna also contributed $
cash to State University and religious artifacts she has held for several years to her church. The artifacts were valued at $
and Shauna's basis in the items was $
Shauna had every reason to believe the church would keep them on display indefinitely. Shauna also drove
miles doing church
related errands for her minister. Finally, Shauna contributed $
of services to her church last year.
Shauna paid $
in investment advisory fees and another $
to have her tax return prepared
that is
she paid $
in
to have her
tax return prepared
Shauna is involved in horse racing as a hobby. During the year, she won $
in prize money and incurred $
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.
Shauna sustained $
in gambling losses over the year
mostly horse
racing bets
and had only $
in winnings.
a
Assume Shauna's AGI is $
Determine Shauna's taxable income.. Assume Shauna's AGI is $
Determine Shauna's taxable income.
lote: Round your intermediate calculations to the nearest whole dollar amount.
Taxable income
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