Hi, please help to Prepare 1040 Note: This problem is for the 2021 tax year.

Beth R. Jordan lives at 2322 Skyview Road, Mesa, AZ 85201. She is a tax accountant with Mesa Manufacturing Company, 1203 Western Avenue, Mesa, AZ 85201 (employer identification number 11-1111111). She also writes computer software programs for tax practitioners and has a part-time tax practice. Beth is single and has no dependents. Beth was born on July 4, 1975, and her Social Security number is 123-45-6785. She did not engage in any virtual currency transactions during the year, and she wants to contribute $3 to the Presidential Election Campaign Fund. Beth received the appropriate coronavirus recovery rebates (economic impact payments); related questions in ProConnect Tax should be ignored.

The following information is shown on Beth's Wage and Tax Statement (Form W-2) for 2021.

Line	Description	Amount
1	Wages, tips, other compensation	$65,000.00
2	Federal income tax withheld	9,500.00
3	Social Security wages	65,000.00
4	Social Security tax withheld	4,030.00
5	Medicare wages and tips	65,000.00
6	Medicare tax withheld	942.50
15	State	Arizona
16	State wages, tips, etc.	65,000.00
17	State income tax withheld	1,954.00

During the year, Beth received interest of $1,300 from Arizona Federal Savings and Loan and $400 from Arizona State Bank. Each financial institution reported the interest income on a Form 1099-INT. She received qualified dividends of $800 from Blue Corporation, $750 from Green Corporation, and $650 from Orange Corporation. Each corporation reported Beth's dividend payments on a Form 1099-DIV.

Beth received a $1,100 income tax refund from the state of Arizona on April 29, 2021. On her 2020 Federal income tax return, she used the standard deduction.

Fees earned from her part-time tax practice in 2021 totaled $3,800. She paid $600 to have the tax returns processed by a computerized tax return service.

On February 8, 2021, Beth bought 500 shares of Gray Corporation common stock for $17.60 a share. On September 12, 2021, Beth sold the stock for $14 a share.

On January 2, 2021, Beth acquired 100 shares of Blue Corporation common stock for $30 a share. She sold the stock on December 19, 2021, for $55 a share. Both stock transactions were reported to Beth on Form 1099-B; basis was not reported to the IRS.

Beth bought a used sport utility vehicle for $6,000 on June 5, 2021. She purchased the vehicle from her brother-in-law, who was unemployed and was in need of cash. On November 2, 2021, she sold the vehicle to a friend for $6,500.

During the year, Beth records revenues of $16,000 from the sale of a software program she developed. Beth incurred the following expenses in connection with her software development business.

Cost of personal computer	$7,000
Cost of printer	2,000
Furniture	3,000
Supplies	650
Fee paid to computer consultant	3,500

Beth elected to expense the maximum portion of the cost of the computer, printer, and furniture allowed under the provisions of 179. These items were placed in service on January 15, 2021, and used 100% in her business.

Although her employer suggested that Beth attend an in-person conference on current developments in corporate taxation, Beth was not reimbursed for the travel expenses of $1,420 she incurred in attending the meeting. The $1,420 included $200 for the cost of meals.

During the year, Beth paid $300 for prescription medicines and $2,875 for doctor bills and hospital bills. Medical insurance premiums were paid by her employer. Beth paid real property taxes of $1,766 on her home. Interest on her home mortgage (Valley National Bank) was $3,845, and credit card interest was $320. Beth contributed $2,080 in cash to various qualifying charities during the year. Professional dues and subscriptions totaled $350.

Beth paid estimated taxes of $1,000.

Required:

Compute Beth Jordan's 2021 Federal income tax payable (or refund due), and complete her 2021 tax return using appropriate forms and schedules and the Qualified Dividends and Capital Gain Tax Worksheet.

Form 1040 1 Wages, salaries, tips, etc. Attach Form(s) W-2 . . . . . . . 65,000 Attach 2a Tax-exempt interest . . 2a Taxable interest . . . . 2b 1,700 Sch. B if required. 3a Qualified dividends . . . 3a 2,200 b Ordinary dividends . . . . . . . ' 3b 2,200 4a IRA distributions . . . 4a b Taxable amount . . . 5a Pensions and annuities 5a b Taxable amount . . . . Standard Social security benefits 6a b Taxable amount . . . . . . . .. 6 Deduction for- 7 7 Single or Capital gain or (loss). Attach Schedule D if required. If not required, check here . . . 4,300 X Married filing B Other income from Schedule 1, line 10 . . . . 16,000 X separately, $12,550 Add lines 1, 2b, 3b, 4b, 5b, 6b, 7, and 8. This is your total income . . Married filing 9 68,500 X jointly or Qualifying 10 Adjustments to income from Schedule 1, line 26 10 widow(er), $25,100 11 Subtract line 10 from line 9. This is your adjusted gross income . . . . . 11 72,934 Head of household, 12a Standard deduction or itemized deductions (from $18,800 Schedule A) . . . . . . 12a 1,100 X If you checked b Charitable contributions if you take the standard deduction any box under Standard (see instructions) . . 12b 1,100 X Deduction, see c Add lines 12a and 12b . . 120 instructions. 13 Qualified business income deduction from Form 8995 or Form 8995-A . . 13 14 Add lines 12c and 13 . . . . . 14 15 Taxable income. Subtract line 14 from line 11. If zero or less, enter -0- . . . 15 59,517 BAA For Disclosure, Privacy Act, and Paperwork Reduction Act Notice, see separate instructions. Form 1040 (2021)Form 1040 Form 1040 (2021) Beth R. Jordan 123-45-6785 Page 2 16 Tax (see instructions). Check if any from Form(s): 1 0 8814 2 0 4972 3 0 16 9,256 X 17 Amount from Schedule 2, line 3 . . . . . 17 18 Add lines 16 and 17 . . 18 19 Nonrefundable child tax credit or credit for other dependents from Schedule 8812 . . . . 19 20 Amount from Schedule 3, line 8 20 21 Add lines 19 and 20 . . 21 2 Subtract line 21 from line 18. If zero or less, enter -0- 27 23 Other taxes, including self-employment tax, from Schedule 2, line 21 . . . . . . . . 23 24 Add lines 22 and 23. This is your total tax . 24 25 Federal income tax withheld from: . . a Form(s) W-2 . . . 25a 9,500 b Form(s) 1099 . . 25b c Other forms (see instructions) . . 25c d Add lines 25a through 25c . . 25d 26 If you have a 2021 estimated tax payments and amount applied from 2020 return . . . . . . 26 qualifying child, 27a Earned income credit (EIC) . . 27a attach Sch. EIC. Check here if you were born after January 1, 1998, and before January 2, 2004, and you satisfy all the other requirements for taxpayers who are at least age 18, to claim the EIC. See instructions . . . b Nontaxable combat pay election . . 27b c Prior year (2019) earned income . . 270Form 1040 28 Refundable child tax credit or additional child tax credit from Schedule 8812 . . . 28 29 American opportunity credit from Form 8863, line 8 . . 29 30 Recovery rebate credit. See instructions . . . . 30 31 Amount from Schedule 3, line 15 . . . 31 32 Add lines 27a and 28 through 31. These are your total other payments and refundable credits . . 32 33 Add lines 25d, 26, and 32. These are your total payments . . 33 Refund 34 If line 33 is more than line 24, subtract line 24 from line 33. This is the amount you overpaid . . 34 2,564 X 35a Amount of line 34 you want refunded to you. If Form 8888 is attached, check here > O 35 2,564 X Direct deposit? Routing number c Type: O Checking _ Savings See instructions. d Account number 36 Amount of line 34 you want applied to your 2022 estimated tax . . . . . . . . 36 Amount 37 Amount You Owe. Subtract line 33 from line 24. For details on how to pay, see instructions . . . . 37 You Owe 38 Estimated tax penalty (see instructions) 38 Third Party Do you want to allow another person to discuss this return with the IRS? See instructions. O Yes. Complete below. No Designee Designee's Phone Personal identification name no. number (PIN) Sign Under penalties of perjury, I declare that I have examined this return and accompanying schedules and statements, and to the best of my knowledge and belief, they are true, correct, and complete. Declaration of preparer (other than Here taxpayer) is based on all information of which preparer has any knowledge.2021 Tax Rate Schedules Use the 2021 Tax Rate Schedules to compute the tax. (Note: Because the tax rate schedules are used instead of the tax tables, the amount of tax computed may vary slightly from the amount listed in the tables.) 2021 Tax Rate Schedules Single-Schedule X Head of household-Schedule Z If taxable of the If taxable of the income is: But not amount income is: But not amount Over- over- The tax is: over- Over- over- The tax is: over- $ 9,950 . . . 10% $0 $0 $ 14,200 . . . . 10% $0 9,950 40,525 $ 995.00 + 12% 9,950 14,200 54,200 $ 1,420.00 + 12% 14,200 40,525 86,375 4,664.00 + 22% 40,525 54,200 86,350 6,220.00 + 22% 54,200 86,375 164,925 14,751.00 + 24% 86,375 86,350 164,900 13,293.00 + 24% 86,350 164,925 209,425 33,603.00 + 32% 164,925 164,900 209,400 32,145.00 + 32% 164,900 209,425 523,600 47,843.00 + 35% 209,425 209,400 523,600 46,385.00 + 35% 209,400 523,600 157,804.25 + 37% 523,600 523,600 156,355.00 + 37% 523,600