(Solved): Please fill out a Form 1040 for 2021 with the following information. Thank you! Tax Return-individu ...

Tax Return-individual Number Two (after Chapter 5) Sarah provided the following information for 2021t Instructions: Please complete the 2021 federal income tax return for Sarah Hamblin. Be sure - Elizabeth's Social Security number is 123-34-1234 - Sarah's mailing address is 1245 Rose Petal Drive, Middietown, Wisconsin to include only required tax forms when completing the tax return. For purposes of this assignment, unless instructed otherwise, you do not need to attach Form 8582 . Also, ignore the requirement to attach the Form(s) W-2 to the front page 8582. Also, ignore the requirement to attach the form(s) W-2 to the front page to fill in the gaps. Sarah Hamblin and her now ex-husband Kevin were legally divorced on March 1, 2021. As of the end of the year, Sarah was unmarried. Sarah and Kevin had only one child, an 11 -year-old girl named Elizabeth. As part of the divorce decree, Sarah was given custody of Elizabeth and Kevin was required to pay 1) child support for Elizabeth's care, and 2) alimony to Sarah until she remarries or All applicable and appropriate payroll taxes were withheld by the employer. dies. Because Kevin will be making child support payments, the divorce decree provided that Kevin will be permitted to claim the tax dependency exemption for Elizabeth until Elizabeth no longer qualifies as a tax dependent of either parent and the decree obligates Sarah to sign and/ar file any required forms to cause this result to occur. Sarah rents a home (separate from Kevin) that she pays for herself. Elizabeth lives with sarah most of the time, but she visits and stays with her father every other weekend and most holidays. During the year, Elizabeth stayed at Kevin's house a total of 74 nizhits. During the year, sarah also received the following: Sarah had qualifying minimum health insurance coverage provitted to her be- cause of her employment with Central Wisconsin Heating and Air for each manth in 2021 (the employer continued to cover her through the end of the year). Elizabeth had qualifying Kevin through his work. Sarah did not own, control or manage any foreign bank accounts nor was she 19 relief efforts. Sarah is a \( 50 \% \) owner in a friend's company, Bright Day Flowers, Inc. Bright Day Sarah received her fconomic Impact Payment (stimulus check) in the full amount Flowers, Inc, (8DF) is a Subchapter 5 corporation. The company reported ordinary bry bredic payments in 2021 business income for the year of \( \$ 22,000 \). Sarah acquired the stock several years ago. Sarah worked a total of 600 hours at the Bof ahop in the evenings and on the Sarah was prowided with the following benefits as part of her employment: weekends during 2021. Bright Day flowers, inc.'s employer identification number is \( 56 \cdot 3535353 \). - Group-term life insurance coverage of \( \$ 50,000 \). The cost to cover Sarah for 5arah entered a contest sponsored by a radio station and won \( 10 \mathrm{gift} \) cards to various restaurants, The value of the gift cards was 5200 each. Sarah gave several - Access to the company photocopy machine. Sarah estimates she made \( \$ 14 \) of the gift cards away to her coworkers. the company for the tax year is 5150 . Sarah lost her job with Central Wisconain Heating and Air on November 15 worth of copies during the year primarily for use with her church group because of a reduction in work force. She collected \( \$ 1,250 \) in unemployment benefits during the year. She is currently looking for another job. Sarah does not want to contribute to the Presidential Election Campaign Fund. She would like to receive a refund (if any) of any tax she may have overpaid for the year. Her preferred method of receiving the refund is by check. Instructions: Please complete the 2021 federal income tax return for Sarah Hamblin. Be sure to include only required tax forms when completing the tax return. For purposes of this assignment, unless instructed otherwise, you do not need to attach Form 8582. Also, ignore the requirement to attach the Form(s) W-2 to the front page of the Form 1040 . If required information is missing, use reasonable assumptions to fill in the gaps. Sarah Hamblin and her now ex-husband Kevin were legally divorced on March 1,2021 . As of the end of the year, Sarah was unmarried. Sarah and Kevin had only one child, an 11-year-old girl named Elizabeth. As part of the divorce decree, Sarah was given custody of Elizabeth and Kevin was required to pay 1) child support for Elizabeth's care, and 2) alimony to Sarah until she remarries or dies. Because Kevin will be making child support payments, the divorce decree provided that Kevin will be permitted to claim the tax dependency exemption for Elizabeth until Elizabeth no longer qualifies as a tax dependent of either parent and the decree obligates Sarah to sign and/or file any required forms to cause this result to occur. Sarah rents a home (separate from Kevin) that she pays for herself. Elizabeth lives with Sarah most of the time, but she visits and stays with her father every other weekend and most holidays. During the year, Elizabeth stayed at Kevin's house a total of 74 nights. Sarah provided the following information for 2021 : - Sarah's Social Security number is 123-43-4321 - Elizabeth's Social Security number is 123-34-1234 - Sarah's mailing address is 1245 Rose Petal Drive, Middletown, Wisconsit 53562 - Elizabeth is a U.S. citizen The following was reported on Sarah's Form W-2: All applicable and appropriate payroll taxes were withheld by the employer.