Amanda works as a waitress and pays all expenses of a household that includes herself and her

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Amanda works as a waitress and pays all expenses of a household that includes herself and her 4-year-old daughter, Zoe. For 2021, she has the following income and expenses:

Salary: 45,000

Tips: 10,000

Cash gift from her mom: 30,000

Child support from her ex-husband: 12,000

Alimony from her ex-husband: 8,000

Itemized deductions: (4,000)

Divorce agreement was executed on June 5, 2020.

Required: Please calculate her taxable income.

Related Book For answer-question

Concepts in Federal Taxation

ISBN: 9780324379556

19th Edition

Authors: Kevin E. Murphy, Mark Higgins, Tonya K. Flesher

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Posted Date: Feb 16, 2022 11:03 PM

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Amanda works as a waitress and pays all expenses of a household that includes herself and her

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Feb140 1722 Solution Answer is highlighted in yellow As per tax year 2021 Amanda is eligible to ... View the full answer

Concepts in Federal Taxation

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