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Susan lives at home with her parents. - The Peppin family lives at the following address in Folsom: - 2523 East Bidwell Street. Folsom Ca 95630 - The Peppin 's did not have any crypto currency transactions and elected not to contribute to the Presidential election campaign. Income and Potential Deduction Information - Michaels 2021W2 from his teaching job, displays wages of $69,500, Federal tax Withholding \$4,050 and California tax Withholding \$ 3,690 - Michael received Form 1099 INT from National Bank showing $550 of interest income and a \$55 Early Withdrawal Penalty - Michael also received Form 1099 Div showing Ordinary Dividends of $413 and Qualified Dividends of $413 - Michael received a Form 1098-E showing \$450 on Student Loan Interest paid - Michael received Form W2G showing gambling winnings of $1,000 - Michael brings documentation for the following personal expenses: $8.200 Hospital bills $1,600 Dental bill for daughters braces \$452 Personal property taxes based on value of vehicle Prepare a 2021 Federal Tax Return based on the client information below.complete form 1040 and all required supplementary schedules. This problem represents tax concepts. To complete the tax return,all of the required forms and schedules and enter the numbers and information. - Michael also owns a sma11 painting business that he operates on the weekends and summers when he is not teaching. He provided the following information regarding the painting business: - He received Form 1099K showing electronic processed payments received of $3,200 - He mentioned that he also received a total of $4,500 from customers that paid in cash - He shows the following expenses for his business: - License/Fees \$275 - Business Insurance $315 - Advertising $250 - Paint Too1s and Supplies \$1,580 - Paint $2,325 - 2020 Tax Preparation Fees paid in 2021$250 $1,600 Dental bil1 for daughters braces $452 Personal property taxes based on value of vehicle $400 Friend' s personal GoFundMe campaign $275 Cash contributions to the Red Cross $2.025 Cash contributions to their church - \$250 Fair market value of clothing in good condition donated to the Salvation Army (Michael had purchased the clothing for $800 ) $6.575 Mortgage interest (Fora 1098) on a $420,000 loan he took out on 5/23/2017 - $6,820 Real estate tax paid to the County - $1,830 Mortgage Insurance Premiums (PMI) on the home he purchased in 2017 $2,450 Homeowners Insurance $1050 Homeowners association fees $2,000 Gamb1ing losses $275 in classroom supplies he purchased for use where he teaches. Smal1 Business Information Client and Family Information - Michae1 Peppin is 49 years old (born December 10, 1972) and a high school art teacher and also operates a small side painting business. His Social Security Number is 555588989 - His spouse, Tammy Peppin is 40 years old (born on February 15, 1981) and stays home taking care of their youngest child. Tammy' s social security number is 123568899. - Their youngest child is David Peppin, who is 4 years old (born on July 10.2017). His Social Security number is 111258656. - They also have an older child, Susan Peppin, who is 18 years old is a freshman at American River college. She was born August 15, 2003 and her social security number is 455897475. While attending ARC. Susan did not have any tuition expenses since she qualified for the Los Rios Promise Program. - Susan also worked parttime and her 2021 W-2 showed wages of $4.721, and Federa1 Withholding of \$288

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