n provided to answer questions about the taxpayer's 2021 return.    - Jasmine Dayne (29) is filing as a single taxpayer. In 2021, she received income from the following sources: $39,000 in wages. Alimony payments totaling $14,328. Her divorce was finalized in October 2020. Unemployment compensation of $6,200. Jasmine also made a timely $2,000 contribution to a traditional IRA for 2021.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Use the information provided to answer questions about the taxpayer's 2021 return.

 

 - Jasmine Dayne (29) is filing as a single taxpayer. In 2021, she received income from the following sources:

  • $39,000 in wages.
  • Alimony payments totaling $14,328. Her divorce was finalized in October 2020.
  • Unemployment compensation of $6,200.

Jasmine also made a timely $2,000 contribution to a traditional IRA for 2021.

She had no other income or adjustments, and she will claim the standard deduction.

 



Question 1


What amount should Jasmine report for other income? Her partially completed Form 1040, page 1, is shown below. You may use the form, as well as refer to Schedule 1 (Form 1040) when answering this question.

$0
 $6,200
 $20,528
 $22,528 

Question 2



What is Jasmine's adjusted gross income? Her partially completed Form 1040, page 1, is shown below. You may use the form to assist you in answering this question.
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What is Jasmine's adjusted gross income? Her partially completed Form 1040, page 1, is shown below. You may use the form to assist you in answering this question+

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