(Solved): Read the following letter and help Shady Sim with his tax situation. Please assume that his gross in ...

Read the following letter and help Shady Sim with his tax situation. Please assume that his gross income is

(Which consists only of salary) and fining status of single for purposes of this problem. December 31, 2025 To the friendly student tax preparer: Hi, it's Shady Slim again. I just got back from my

birthday party, and fm told that you need some more information from me in order to complete my tax return. Im an open book! II tell you whatever I think you need to know. I had to move this year affer getting my job at Roca Cola. I moved on February 3 of this yeac, and I worked my job at Roca Cola for the rest of the year, I still live in the same stabe, but I moved 500 miles away from my old house. I hired a moving company to move my stull at a cost of

, and I drove in my car. I got a hotel room along the way that cost me

love Super 89. Can you believe I'm still paying off my student loans, even after 15 years? I paid a total af

in interest on my old student loans this year. Since Roca Cola (my employer) never started a retirement plan, I decided I should probably start saving for my golden years. I contributed

to what the bank referred to as a regular las lor was it an REWh, Oh yeah, I also did a little investing this year. I bought a limited partnership interest in Duds Ltd. for

I thought it was going to be a real winner, but this year they took a bath. My portion of the loss was

. Well, at least I did not actually do any work for Duds, and I get the tax deduction - right? That should be all the information you need right now. Please calculate my acfusted gross income and complete page 1 of Form 1040 (through line tif) and Schedule 1. You're still doing this for free, right? Required a. Calculate the taxable income. \table[[Qross Income,