Income tax return for 2022

Reference no: EM133657132

Question: Alice Johnson, Social Security number 222-23-3334, is a single taxpayer and is employed as a secretary by State University of Florida. She has the following items pertaining to her income tax return for 2022:
• Received a $30,000 salary from her employer, who withheld $4,200 federal income tax.
• Received a gift of 1,000 shares of Ace Corporation stock with a $100,000 FMV from her mother. She also received $4,000 of cash dividends from the Ace Corporation. The dividends are qualified dividends.
• Received $1,000 of interest income on bonds issued by the City of Tampa.
• Received a regular stock dividend (nontaxable under Sec. 305) of 50 shares of Ace
Corporation stock with a $5,000 FMV.
• Alice''s employer paid $2,000 of medical and health insurance premiums on her behalf.
• Received $13,000 alimony from her ex-husband. They divorced on August 1, 2015.
• State University provided $60,000 of group term life insurance. Alice is 42 years old, not a key employee, and employed by State University for all of 2022. The table in the text is applicable.
• Received a $1,000 cash award from her employer for being designated the Secretary of the Year.
• Total iterized deductions are $10,000.
• Alice did not have any transactions involving digital assets.
• Alice wants any overpayment to be refunded to her.

Reference no: EM133657132

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