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Problem $3-24($LO$.1)$

The following information applies to Emily for $2024.$ Her filing status is single.

Salary

Interest income from bonds issued by Xerox

Alimony payments received $($divorce occurred in $2014)$

Contribution to traditional IRA

Gift from parents

Gain from sale of stock investment

Amount lost in football office pool $($gambling loss$)$

Age

Emily has no gambling winnings this year.

Click here to access the Components of the tax formula to use.

Indicate whether the following items are taxable or nontaxable to Emily.

Salary

Taxable

Gift from parents

Alimony payments received

Gain from sale of stock investment

Interest income from bonds issued by Xerox

Not taxable

Taxable

Taxable

Taxable