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Comprehensive Problem $6-62($LO $6-1,$ LO $6-2,$ LO $6-3)($Statle$)$

$[$The following information applies to the questions displayed below.$]$

Read the following letter and help Shady Slim with his tax situation. Please assume that his gross income is $\backslash$$$172,900($which consists only of salary$)$ for purposes of this problem.

December $31,2023$

To the friendly student tax preparer:

HI$,$ It's Shady Slim agaln. I Just got back from my $55$th birthday party, and l$\text{'}$m told that you need some more information from me In order to complete my tax return. I$\text{'}$m an open book! I'll tell you whatever I think you need to know.

Let me tell you a few more things about my life. As you may recall, I am divorced from my wfe, Alice. I know that it's unusual, but I have custody of my son, Shady Jr$.$ The Judge owed me a few favors and I really love the kId. He lives with me full time and my ex$-$wlfe gets him every other weekend. I pay the vast majority of my son's expenses. I think Alice should have to pay some child support, but she doesn't have to pay a dime. The Judge didn't owe me that much. I guess.

I had to move this year after getting my Job at Roca Cola. We moved on February $3$ of this year, and I worked my Job at Roca Cola for the rest of the year. I still live in the same state, but I moved $500$ miles away from my old house. I hired a moving company to move our stuff at a cost of $\backslash$$$2,300,$ and I drove Junlor in my car. Junlor and I got a hotel room along the way that cost us $\backslash (\backslash$$ $65\backslash )(1$ love Super $8!).$

Can you belleve l$\text{'}$m still paying off my student loans, even after $15$ years? I pald a total of $\backslash (\backslash$$ $900\backslash )$ in interest on my old student loans this year.

Remember when I told you about that guy that hit me with his car? I had a bunch of medical expenses that were not relmbursed by the lawsult or by my insurance. I Incurred a total of $\backslash$$$20,000$ In medical expenses, and I was only relmbursed for $\backslash (\backslash$$ $11,000\backslash ).$ Good thing I can write off medical expenses, right?

I contributed a lot of money to charity this year $($and have recelpt documentation for all contributions$).$ I$\text{'}$m such a nice guy! I gave $\backslash (\backslash$$ $1,000\backslash )$ in cash to the March of Dimes. I contributed some of my old furniture to the church. It was some good stuff! I contributed a red velvet couch and my old recliner. The furniture is considered vintage and is worth $\backslash (\backslash$$ $5,000\backslash )$ today $($the appralser surprised me$!).$ even though I only pald $\backslash (\backslash$$ $1,000\backslash )$ for It back In the day. When I contributed the furniture, the pastor sald he didn't like the fabric and was going to sell the furniture to pay for some more pews in the church. Oh well. some people Just have no taste, right? Roca Cola had a charity drive for the United Way this year and I contributed $\backslash$$$90.$ Turns out, I don't even miss it because Roca Cola takes it right off my paycheck every month... $\backslash$$$15$ a month starting in July. My pay stub verlfies that I contributed the $\backslash (\backslash$$ $90\backslash )$ to the United Way. Oh$,$ one other bit of charity from me thls year. An old buddy of mine was down on his luck. He lost his job and his house. I gave him $\backslash (\backslash$$ $500\backslash )$ to help him out.

I pald a lot of money in Interest this year. I paid a total of $\backslash$$$950$ in personal credit card interest. I also paid $\backslash$$$18,000$ in interest on my $\backslash (\backslash$$ $500,000\backslash )$ home mortgage that helped me buy my dream home. I also pald $\backslash (\backslash$$ $2,000\backslash )$ in real estate taxes for my new house.

A few other things I want to tell you about this year. Someone broke into my house and stole my kid's brand new bicycle and my set of golf clubs. The total loss from theft was $\backslash (\backslash$$ $900\backslash ).$ I pald $\backslash (\backslash$$ $125\backslash )$ in union dues this year. I had to pay $\backslash (\backslash$$ $1,200\backslash )$ for new sults for my Job. Roca Cola requires its managers to wear sults every day on the Job. I spent a total of $\backslash$$$1,300$ to pay for gas to commute to my Job thls year.

Oh$,$ this is pretty cool. I've always wanted to be a firefighter. I spent $\backslash (\backslash$$ $1,400\backslash )$ in tultion to go to the local firefighter's school. I did this because someone told me that I can deduct the tuition as an itemized deduction, so the money would be coming back to me$.$

That should be all the Information you need right now. Please calculate my taxable Income and complete page $1$ of Form $1040($through taxable Income, line $15)$ and Schedule A$.$ You're still doing this for free, right?