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Jamie Lee Jackson, age 26 , is in her last semester of college and Is waiting for graduation day that is just around the cornerl It is the time of year again when Jamie Lee must file her annual federal income taxes. Last year, she recelved an increase in salary from the bakery, which brought her gross monthly earnings to $2,650, and also opened up an IRA, to which she contributed $400 last year. Hei savings accounts earned interest (displayed below), and she also had recelved an unexpected $1,600 gift from her great aunt. Jamie was also lucky enough last year to win a raffle prize of $2,200, most of which was deposited into her regular savings account after. paying off her credit card balance. Estimate Jamle Lee's current tax liability by completing the form below. Use the 2018 values for standard deduction (\$12,000). Each answer must have a value for the assignment to be complete. Enter " 0 " for any unused categories. 2018 Tax Rates, Current Financial Situation Assets:CheckingaccountSavingsaccount(Interestearnedlastyear)Emergencyfundsavingsaccount(Interestearnedlastyear)IRAbalance(Contributionmadelastyear)CarLlabilities:StudentloanCreditcardbalance(Interestpaidlastyear)Income:Grossmonthlysalary$2,250$7,100$135$4,100$85$370$400$3,200$11,000$0$65$2,650MonthlyExpenses:RentobligationUtilitiesFoodGas/maintenanceCreditcardpaymentSavingsallocation:Regularsavings(monthly)Rainydaysavings(monthly)Entertainment:CakedecoratingclassMovieswithfriends$285$145$140$120$0$155$35$40$60 Estimated Income Tax Gross income (wages, salary, investment income, and other Less adjustments to income (see current tax regulations) Equals adjusted gross income Less standard deduction (use 2018 amounts) or Itemized deductions (whichever total is larger) Medical expenses (exceeding 10\% of AGI) State/local income and property taxes Mortgage, home equity loan interest Contributions Casualty and theft losses Moving, job-related, and miscellaneaous expenses (exceeding 2% of AGI) Total itemized deductions Larger of standard or itemized deductions Equals taxable income Estimated tax (based on 2018 tax tables) Less tax credits Plus other taxes Equals total tax liability Less estimated withholding and payments Equals tax due (or refund)

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