Answered You can hire a professional tutor to get the answer.
Tax return project 1 Cindy Miller (SSN 000-22-1111), age 67, is a marketing manager at a local company. Cindy is single.
Tax return project 1
Cindy Miller (SSN 000-22-1111), age 67, is a marketing manager at a local company. Cindy is single. Cindy's elderly parents live with her and Cindy provides them more than 50% of the support (both of her parents are qualified as Cindy's dependents). Information about her 2017 income and expenses is as follows:
Income received
Salary
$132,000
Taxes withheld from salary:
Federal income tax $21,120
State income tax 5,940
Social Security tax 7,886
Medicare tax 1,914
Interest income ($3,000 from corporate bonds, and $1,000 from local school bonds).
4,000
Dividend income from U.S. stocks-qualified dividends
500
State income tax refund from 2016 return
300
Federal income tax refund from 2016 return
1,560
long term capital gain
4,500
short term capital gains
3,000
short term capital loss
(1,800)
Gambling wining
1,500
Annual gift from her great aunt
18,000
Expenses paid:
Unreimbursed qualified moving expenses
3,000
Unreimbursed dental and eye care costs
1,800
Medical insurance premium paid for herself
3,000
Unreimbursed medical expenses paid for her parents
3,500
Property taxes on her home
4,900
Contribution to traditional IRA
5,000
Fees paid to town for garbage pick-up
400
Gambling losses
3,200
Dues paid to American Marketing Association
1,100
Fee for preparation of 2016 tax return and IRS audit assistance
2,000
Home mortgage interest
10,000
Interest on credit card balances
2,410
Interest on car loan
1,100
Cash contribution to charity
1,000
Cindytook itemized deduction in 2016 (her total itemized deduction was $13,500). Please help Cindy to file her 2017 Federal Income Tax Return (Form 1040 and Schedule A).