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
| 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.
CAN SOMEONE PLEASE HELP ME PLEASE AND CAN YOU TYPE IT OUT THANK YOU. Camille sikorski...
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'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...
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 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) 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. 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. 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 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 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...
Camille Sikorski was divorced last year. She currently owns and provides a home for her 15-year-old daughter, Kaly, and 18-year-old son, Parker. Both children 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 $3,100 of expenditures that...