I need some guidance with the following question. We do not need to complete form 1040 or any schedules. Just calculations. Thank you kindly.  Wendy White, age 29 is single. She lives in San Diego,...

I need some guidance with the following question. We do not need to complete form 1040 or any schedules. Just calculations. Thank you kindly.

Wendy White, age 29 is single. She lives in San Diego, California. She is employed by KXXR television station as the evening news anchor. An examination of her records for 2018 revealed the following information:


1. Wendy earned $150,000 in salary. Her employer withheld $40,000 in Federal income taxes and the proper amount of FICA taxes.


2. Wendy also received $10,000 in self-employement income from personal appeareances during the year. Her unreimbursed expenses related to this income were: transportation and lodging, $523; meals, $120; and office supplies, $58.


3. Wendy reports the following additional deductions: home mortgage interest, $6,250; charitble contributions, $1,300; state and local income taxes, $3,100; and employment-related expenses, $920.


Compute Wendy's taxable income for 2018 and her tax due (including any self-employment tax). If forms are used for the computations, complete Form 1040, Schedule A, Schedule C, and Schedule SE.





May 07, 2022
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