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Chapter 4 TRP 4-1 Assume the taxpayer does NOT wish to contribute to the Presidential Election Fund, unless otherwise stated in the problem. Assume ali taxpayers did NOT receive, sell, send, exchange, or otherwise acquire any financial interest in any virtual currency during the year. Jason Ready attended the University of San Diego during 2016-2020 under the Army ROTC program. Excluding the school expenses covered by his ROTC scholarship, he incurred additional school expenses of $15,000 in total for his education, and $2,250 of that amount was incurred in 2020 for his last semester. To finance these expenses, he borrowed $10,500 through a federal student loan program and borrowed another $4,500 from SoCal Credit Union for educational purposes. After graduation, he received his officer's commission and was ordered to report to the Military Entrance Processing Station in Portland, Oregon, for duty. He lives off base at 4560 Ranch Drive, Portland, OR 97035. He is single and his social security number is 412-34-5670 (date of birth 7/10/1998). His W-2 contained the following information: Wages (box 1) = $ 67,533.0 Federal W/H (box 2) = $ 8,204.45 Social security wages (box 3) = $ 67,533.05 Social security W/H (box 4) = $ 4,187.05 Medicare wages (box 5) $ 67,533.65 Medicare W/H (box 6) = $ 979.23 In moving to Portland, he incurred the following unreimbursed moving expenses: $475 in gasoline. $295 for renting a truck from IGOTYA rentals. $135 in food $450 for motel lodging on the way to Portland. He also received two Forms 1098-E, One was from the federal student loan program, which showed $550 of student loan interest the other was from SoCal Credit Union and showed $160.40 of student loan interest. Required: Prepare a Form 1040. a Form 3903, and Schedule 1. Jason did not receive, sell, send, exchange, or otherwise acquire any financial interest in any virtual currency during 2020. (Do not round intermediate computations. Round your final answers to the nearest whole dollar amount. Input all the values as positive numbers. Instructions can be found on certain cells within the forms.) Use the appropriate Tax Tables 1040 and Form 3903 for a single taxpayer with no dependents