Beth R. Jordan lives at 2322 Skyview Road, Mesa, AZ 85201. She is a tax accountant with Mesa Manufacturing Company, 1203 Western Avenue, Mesa, AZ 85201 (employer identification number 11-1111111). She also writes computer software programs for tax practitioners and has a part-time tax practice. Beth is single and has no dependents. Beth was born on July 4, 1976, and her Social Security number is 123-45-6785. She did not engage in any digital asset transactions during the year, and she wants to contribute $3 to the Presidential Election Campaign Fund. The following information is shown on Beth's Wage and Tax Statement (Form W–2) for 2022. Line Description Amount 1 Wages, tips, other compensation $65,000.00 2 Federal income tax withheld 9,500.00 3 Social Security wages 65,000.00 4 Social Security tax withheld 4,030.00 5 Medicare wages and tips 65,000.00 6 Medicare tax withheld 942.50 15 State Arizona 16 State wages, tips, etc. 65,000.00 17 State income tax withheld 1,954.00 During the year, Beth received interest of $1,300 from Arizona Federal Savings and Loan and $400 from Arizona State Bank. Each financial institution reported the interest income on a Form 1099–INT. She received qualified dividends of $800 from Blue Corporation, $750 from Green Corporation, and $650 from Orange Corporation. Each corporation reported Beth's dividend payments on a Form 1099–DIV. Beth received a $1,100 income tax refund from the state of Arizona on April 29, 2022. On her 2021 Federal income tax return, she used the standard deduction. Fees earned from her part-time tax practice in 2022 totaled $3,800. She paid $600 to have the tax returns processed by a computerized tax return service. On February 8, 2022, Beth bought 500 shares of Gray Corporation common stock for $17.60 a share. On September 12, 2022, Beth sold the stock for $14 a share. On January 2, 2022, Beth acquired 100 shares of Blue Corporation common stock for $30 a share. She sold the stock on December 19, 2022, for $55 a share. Both stock transactions were reported to Beth on Form 1099–B; basis was not reported to the IRS. Beth bought a used sport utility vehicle for $6,000 on June 5, 2022. She purchased the vehicle from her brother-in-law, who was unemployed and was in need of cash. On November 2, 2022, she sold the vehicle to a friend for $6,500. During the year, Beth records revenues of $16,000 from the sale of a software program she developed. Beth incurred the following expenses in connection with her software development business. Cost of personal computer $7,000 Cost of printer 2,000 Furniture 3,000 Supplies 650 Fee paid to computer consultant 3,500 Beth elected to expense the maximum portion of the cost of the computer, printer, and furniture allowed under the provisions of § 179. These items were placed in service on January 15, 2022, and used 100% in her business. Although her employer suggested that Beth attend an in-person conference on current developments in corporate taxation, Beth was not reimbursed for the travel expenses of $1,420 she incurred in attending the meeting. The $1,420 included $200 for the cost of meals. During the year, Beth paid $300 for prescription medicines and $2,875 for doctor bills and hospital bills. Medical insurance premiums were paid by her employer. Beth paid real property taxes of $1,766 on her home. Interest on her home mortgage (Valley National Bank) was $3,845, and credit card interest was $320. Beth contributed $2,080 in cash to various qualifying charities during the year. Professional dues and subscriptions totaled $350. Beth paid estimated taxes of $1,000. what is her total income

To calculate Beth's total income for the year, we need to add up all her sources of income. Here's the breakdown: 1. Wages from employment: $65,000.00 2. Interest income: - Arizona Federal Savings and Loan: $1,300 - Arizona State Bank: $400 3. Qualified dividends: - Blue Corporation: $800 - Green Corporation: $750 - Orange Corporation: $650 4. Income from part-time tax practice: $3,800 5. Revenue from the sale of software program: $16,000 The sale of stocks and the vehicle are not counted as income but as capital transactions. We need to calculate the capital gains or losses for those: - Gray Corporation stock: Bought 500 shares at $17.60 = $8,800 and sold at $14.00 = $7,000. This is a capital loss of $1,800. - Blue Corporation stock: Bought 100 shares at $30 = $3,000 and sold at $55 = $5,500. This is a capital gain of $2,500. - Vehicle: Bought for $6,000 and sold for $6,500. This is a capital gain of $500. Since the basis of the stocks was not reported to the IRS, we assume Beth has the documentation to support her basis. The capital gains and losses will be reported on Schedule D and will affect

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