Question

CAN SOMEONE PLEASE HELP ME PLEASE AND CAN YOU TYPE IT OUT THANK YOU. Camille sikorski...

CAN SOMEONE PLEASE HELP ME PLEASE AND CAN YOU TYPE IT OUT THANK YOU.

Camille sikorski was divorced last year. she currently provides a home for her 15 year old daughter kaly. kaly lived in camille's home for the entire year, and camille paid for all the costs of maintaining the home. she received a salary of $70,000 and contributed $4,800 of it to a qualified retirement account (a for AGI deduction). she also received $9,000 of alimony from her former husband. finally, camille paid $15,900 of expenditures that qualified as itemized deductions.
assume the original facts but now suppose camille's daughter, kaly, is 25 years old and a full time student. kaly gross income for the year was $5,900. kaly provided $3,540 of her own support, and camille provided $5,900 of support. what is camille's taxable income?
(1) gross income
(2) for AGI deductions
(3) adjusted gross income
(4 ) standard deduction
(5) itemized deductions
(6)
taxable income

0 0
Add a comment Improve this question Transcribed image text
Answer #1
1. Gross income (70000+9000) 79000
2. for AGI deduction 4800
3 Adjusted gross income 74200
4 standard deduction 12200
5 Itemized deduction 15900
6 Greater of standard deduction or itemized deductions 15900
Taxable income 58300

Kaly neither qualify as qualifying dependent child due to age test as her age is above 24 years nor as qualifying relative duo to her gross income test as her income is above $4200.

Add a comment
Know the answer?
Add Answer to:
CAN SOMEONE PLEASE HELP ME PLEASE AND CAN YOU TYPE IT OUT THANK YOU. Camille sikorski...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • Required information [The following information applies to the questions displayed below. Camille Sikorski was divorced in...

    Required information [The following information applies to the questions displayed below. Camille Sikorski was divorced in 2018. She currently provides a home for her 15-year-old daughter Kaly. Kaly lived in Camille's home for the entire year, and Camille paid for all the costs of maintaining the home. Camille received a salary of $105,000 and contributed $6,000 of it to a qualified retirement account (a for AGI deduction). She also received $10,000 of alimony from her former husband (per divorce decree...

  • camille sikorski was divorced last year. she currently provides a home for her 15 year old...

    camille sikorski was divorced last year. she currently provides a home for her 15 year old daughter kaly. kaly lived in camille's home for the entire year, and camille paid for all the costs of maintaining the home. she received a salary of $70,000 and contributed $4,800 of it to a qualified retirement account (a for AGI deduction). she also received $9,000 of alimony from her former husband. finally, camille paid $15,900 of expenditures that qualified as itemized deductions. a)...

  • camille sikorski was divorced last year. she currently provides a home for her 15 year old daughter kaly. kaly lived in...

    camille sikorski was divorced last year. she currently provides a home for her 15 year old daughter kaly. kaly lived in camille's home for the entire year, and camille paid for all the costs of maintaining the home. she received a salary of $70,000 and contributed $4,800 of it to a qualified retirement account (a for AGI deduction). she also received $9,000 of alimony from her former husband. finally, camille paid $15,900 of expenditures that qualified as itemized. (b) what...

  • Camille Sikorski was divorced last year. She currently provides a home for her 15-year-old daughter Kaly....

    Camille Sikorski was divorced last year. She currently provides a home for her 15-year-old daughter Kaly. Kaly lived in Camille’s home for the entire year, and Camille paid for all the costs of maintaining the home. She received a salary of $82,500 and contributed $5,300 of it to a qualified retirement account (a for AGI deduction). She also received $11,500 of alimony from her former husband. Finally, Camille paid $16,400 of expenditures that qualified as itemized deductions. What is Camille’s...

  • need some help with this Required information (The following information applies to the questions displayed below)...

    need some help with this Required information (The following information applies to the questions displayed below) Camille Sikorski was divorced in 2017. She currently provides a home for her 15-year-old daughter Kaly. Kaly lived in Camille's home for the entire year, and Camille paid for all the costs of maintaining the hor. of $105,000 and contributed $6,300 of it to a qualified retirement account (a for AGI deduction). She also received $16,000 of alimony from her former husband (per divorce...

  • Camille Sikorski was divorced last year. She currently provides a home for her 15-year-old daughter Kaly....

    Camille Sikorski was divorced last year. She currently provides a home for her 15-year-old daughter Kaly. Kaly lived in Camille’s home for the entire year, and Camille paid for all the costs of maintaining the home. She received a salary of $65,000 and contributed $4,600 of it to a qualified retirement account (a for AGI deduction). She also received $8,000 of alimony from her former husband. Finally, Camille paid $15,700 of expenditures that qualified as itemized deductions. b. What would...

  • Camille Sikorski was divorced in 2017. She currently provides a home for her 15-year-old daughter Kaly....

    Camille Sikorski was divorced in 2017. She currently provides a home for her 15-year-old daughter Kaly. Kaly lived in Camille’s home for the entire year, and Camille paid for all the costs of maintaining the home. She received a salary of $100,000 and contributed $6,100 of it to a qualified retirement account (a for AGI deduction). She also received $15,000 of alimony from her former husband (per divorce decree issued in 2017). Finally, Camille paid $17,100 of expenditures that qualified...

  • Required information [The following information applies to the questions displayed below.) Camille Sikorski was divorced in...

    Required information [The following information applies to the questions displayed below.) Camille Sikorski was divorced in 2017. She currently provides a home for her 15-year-old daughter Kaly. Kaly lived in Camille's home for the entire year, and Camille paid for all the costs of maintaining the home. She received a salary of $60,000 and contributed $4,400 of it to a qualified retirement account (a for AGI deduction). She also received $7,000 of alimony from her former husband (per divorce decree...

  • Required information (The following information applies to the questions displayed below.) Camille Sikorski was divorced in...

    Required information (The following information applies to the questions displayed below.) Camille Sikorski was divorced in 2017. She currently provides a home for her 15-year-old daughter Kaly. Kaly lived in Camille's home for the entire year, and Camille paid for all the costs of maintaining the home. She received a salary of $70,000 and contributed $4,800 of it to a qualified retirement account (a for AGI deduction). She also received $9,000 of alimony from her former husband (per divorce decree...

  • Compute 2019 taxable income in each of the following independent situations. Click here to access the...

    Compute 2019 taxable income in each of the following independent situations. Click here to access the standard deduction table to use if required. a. Drew and Meg, ages 40 and 41, respectively, are married and file a joint return. In addition to four dependent children, they have AGI of $125,000 and itemized deductions of $27,000. AGI $125,000 Less: itemized deductions Taxable income $ b. Sybil, age 40, is single and supports her dependent parents, who live with her. Sybil also...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT