Alicia (age 27) is a single, full-time college student. She earns $13,000 from a part time job and has taxable interest income of $1,400. Her itemized deductions are $690. Calculate Alicia’s taxable income for 2014. (Please note: Chapter 6 will cover the computation of tax for dependent college students under age 24.) $ ___________________
Answer to relevant QuestionsJonathan is a 35-year-old single taxpayer with adjusted gross income of $45,000. He uses the standard deduction and has no dependents. a. Calculate Jonathan’s taxable income. Please show your work. ...Abigail (Abby) Boxer is a single mother working as a civilian accountant for the U.S. Army. Her Social Security number is 676-73-3311 and she lives at 3456 Alamo Way, San Antonio, TX 78249. Helen, Abby’s 18-year-old ...Greg died on July 1, 2014, and left Lea, his wife, a $50,000 life insurance policy which she elects to receive at $5,000 per year plus interest for 10 years. In the current year, Lea receives $6,200. How much should Lea ...During the 2014 tax year, Brian, a single taxpayer, received $6,000 in Social Security benefits. His adjusted gross income for the year was $18,000 (not including the Social Security benefits) and he received $30,000 in ...Carl Conch and Mary Duval are married and file a joint return. They live at 1234 Mallory Sq. Apt. 64, Key West, FL 33040. Carl works for the Key Lime Pie Company and Mary is a homemaker after losing her job in 2013. Mary’s ...
Post your question