During 2017, Cassandra Albright, who is single, worked part-time at a doctors office and received...
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Accounting
During 2017, Cassandra Albright, who is single, worked part-time at a doctors office and received a W-2. She also had a cash-basis consulting practice that had the following income and expenses:
Revenue
$
48,000
Laptop computer purchased 4/23/17 ( 179 elected)
2,300
Travel 2,500 miles for business, 13,000 personal
Supplies
500
Cell phone charge
540
Cassandra (SSN 412-34-5670) resides at 1400 Medical Street, Apt. 3A, Lowland, CA 92273. Professional code 622000. Her W-2 shows the following:
Wages
$
45,300
Federal withholding
4,983
Social security wages
45,300
Social security withholding
2,809
Medicare withholding
657
State withholding
2,265
Other income:
1099-INT Old Bank
2,300
1099-DIV Bake Co., Inc.Ordinary dividends
3,100
Qualified dividends
3,100
Cassandra had the following itemized deductions:
State income tax withholding
$
2,265
State income tax paid with the 2016 return
350
Real estate tax
3,450
Mortgage interest
12,300
Cassandra made two federal estimated payments of $7,000 each on April 15 and June 15. She had qualifying health care coverage at all times during the tax year. Prepare Form 1040 for Cassandra for 2017, including Schedule A, Schedule B, Schedule C, Schedule SE and Form 4562. Use the appropriate Tax Tables. (Input all the values as positive numbers. Use Rounded values for tax computation. Do not round other intermediate computations. Round your final answers to nearest whole dollar and percentage values to two decimal places.)
Required tax return forms for 2017
https://www.irs.gov/pub/irs-pdf/f1040.pdf
https://www.irs.gov/pub/irs-pdf/f1040sa.pdf
https://www.irs.gov/pub/irs-pdf/f1040sb.pdf
https://www.irs.gov/pub/irs-pdf/f1040sc.pdf
https://www.irs.gov/pub/irs-pdf/f1040sse.pdf
https://www.irs.gov/pub/irs-pdf/f4562.pdf
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