David was employed as a delivery person for a local pizza restaurant and received a...
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Accounting
David was employed as a delivery person for a local pizza restaurant and received a W-2 from his employer (see separate tab. Wages ( form w-2 ) : $ 23,700)
David's only other source of income during the year was a prize he won appearing on a game show. The game show sent David home with a Form 1099-MISC (see separate tab : other income : $10,000)
He has no other adjustments to income or deductible expenses except for a single cash payment of $500 to a charity after winning big at the game show and a $1,200 EIP received in 2020. Unfortunately, David's employer did not provide health care to its employees but David signed up for coverage through his state's health care exchange. Click here to access the Form 1095-A the exchange sent him.
Please help
Calculate 1) Adjust Gross Income: AGI ?
2) Charitable contributions if you take the standard deduction ?
3) Advance payment of the premium tax credit
Notes: Annual premium for the designated silver plan in the state: $ 4,092
Federal Poverty Line for a family of one : $ 12,490
2020 applicable figure table
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