Question

Alexis, a single taxpayer, age 28, files a return for 2019. Information for the year includes the following: AGI of $100,000
0 0
Add a comment Improve this question Transcribed image text
Answer #1

Paid to school = 1000 – 100 = 900

Paid to church = 5000

Medical expenses = (11,000+4,000) -100,000*7.5% = 7500

Total itemized deductions = 900 + 5000 + 7500 = 13,400

Answer is 13400

Please rate.

Add a comment
Know the answer?
Add Answer to:
Alexis, a single taxpayer, age 28, files a return for 2019. Information for the year includes...
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
  • Problem 10-28 (LO. 2) Linda, who files as a single taxpayer, had AGI of $280,000 for...

    Problem 10-28 (LO. 2) Linda, who files as a single taxpayer, had AGI of $280,000 for 2019. She incurred the following expenses and losses during the year: Medical expenses (before the 10%-of-AGI limitation) $33,000 State and local income taxes 4,800 State sales tax 1,300 Real estate taxes 6,000 Home mortgage interest 5,000 Automobile loan interest 750 Credit card interest 1,000 Charitable contributions 7,000 Casualty loss (before 10% limitation but after $100 floor; not in a Federally declared disaster area) 34,000...

  • 30 pts Question 1 Jessie, age 53, is a single taxpayer. She earns a salary of...

    30 pts Question 1 Jessie, age 53, is a single taxpayer. She earns a salary of $90,000. Her employer puts $5,000 into a qualified pension plan on her behalf and Jessie puts $7,000 in her pension plan. Her employer provides all employees with group-term life insurance equal to their salary ($90,000). Jessie put $2,000 in her flexible benefits plan. Her allowable deductions for AGI total $4,200 and she has $10,100 of allowable itemized deductions. In addition, Jessie received interest income...

  • Graded assignment 5 Gerald and Patty Hanson are married taxpayer who have a 12 year old...

    Graded assignment 5 Gerald and Patty Hanson are married taxpayer who have a 12 year old son. The following is their income and expenses for 2019 (you may opt to calculate for 2018): Gerald’s w-2 wages:                                        $80,000 Patty’s w-2 wages:                                          40,000 Patty’s sole proprietorship (Patty is a noted sculptor) Sales                     $20,000 Materials               (8,000) Depreciation        (1,000) Interest income on their investments     $5,000 Dividend income                                               500 In additional, Gerald and Patty incurred the following expenses: Prescription drugs (after insurance)                                         $450...

  • Ramon had AGI of $218,000 in 2019. He is considering making a charitable contribution this year...

    Ramon had AGI of $218,000 in 2019. He is considering making a charitable contribution this year to the American Heart Association, a qualified charitable organization. Determine the current allowable charitable contribution deduction in each of the following independent situations, and indicate the treatment for any amount that is not deductible currently. Identify any planning ideas to minimize Ramon's tax liability. a. A cash gift of $109,000. In the current year, Ramon may deduct $ since his charitable contribution is limited...

  • Note: This problem is for the 2018 tax year. Janice Morgan, age 24, is single and...

    Note: This problem is for the 2018 tax year. Janice Morgan, age 24, is single and has no dependents. She is a freelance writer. In January 2018, Janice opened her own office located at 2751 Waldham Road, Pleasant Hill, NM 88135. She called her business Writers Anonymous. Janice is a cash basis taxpayer. She lives at 132 Stone Avenue, Pleasant Hill, NM 88135. Her Social Security number is 123-45-6789. Janice's parents continue to provide health insurance for her under their...

  • Question 1 30 pts Jessie, age 53, is a single taxpayer. She earns a salary of...

    Question 1 30 pts Jessie, age 53, is a single taxpayer. She earns a salary of $90,000. Her employer puts $5,000 into a qualified pension plan on her behalf and Jessie puts $7,000 in her pension plan. Her employer provides all employees with group-term life insurance equal to their salary ($90,000). Jessie put $2,000 in her flexible benefits plan. Her allowable deductions for AGI total $4,200 and she has $10,100 of allowable itemized deductions. In addition, Jessie received interest income...

  • Graded assignment 5 Gerald and Patty Hanson are married taxpayer with the following income and expenses...

    Graded assignment 5 Gerald and Patty Hanson are married taxpayer with the following income and expenses for 2018: . Gerald's w-2 wages: $80,000 . Patty's w-2 wages: 40,000 . Patty's sole proprietorship (Patty is a noted sculptor) Sales$20,000 o Materials (8,000) Depreciation (1,000) Interest income on their investments $5,000 Dividend income 500 I ditional, Gerald and at in Prescription drugs (after insurance) $450 . Vitamins 100 . Medical insurance premiums 1,350 . Braces for their son (not covered by insurance)...

  • Comprehensive Problem 5-1 John Williams (birthdate August 2, 1976) is a single taxpayer. John's earnings and...

    Comprehensive Problem 5-1 John Williams (birthdate August 2, 1976) is a single taxpayer. John's earnings and withholdings as the manager of a local casino for 2019 are reported on his Form W-2 (see separate tab). John received Form 1098 from the Reno Bank & Trust (see separate tab). John's other income includes interest on a savings account at Nevada National Bank of $13,691. John pays his ex-wife, Sarah McLoughlin, $3,900 per month in accordance with their February 12, 2013 divorce...

  • Tax return problem Tax Return Problem 3 Keisha Sanders, a divorced single taxpayer and practicing attorney,...

    Tax return problem Tax Return Problem 3 Keisha Sanders, a divorced single taxpayer and practicing attorney, lives at 9551 Oak Lane in Menifee, CA 92584. Her social security number is 412- 34-5670 (date of birth 2/27/1973). Keisha had qualifying health care coverage at all times during the tax year. Her W-2 contained the following information: 390 Wages (box 1)$84,601.55 Federal W/H (box 2) $9,898.38 Social security wages (box 3) $84,601.55 Social security W/H (box 4)S 5,245.30 Medicare wages (box 5)$84,601.55...

  • Gleim 6 Deductions from AGI [1] Which one of the following expenses does not qualify as...

    Gleim 6 Deductions from AGI [1] Which one of the following expenses does not qualify as a deductible medical expense? A. Cost of long-term care for a developmentally disabled person in a relative’s home. B. Special school for a deaf child to learn lip reading. C. Cost of elevator installed for individual who had heart bypass surgery (in excess of increase in value of individual’s home). D. Cost and care of guide dogs used by a blind person in his...

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