Question: Misti purchased a residence this year. Misti is a single parent and lives with her 1year old daughter. This year, Misti received a salary of

Misti purchased a residence this year. Misti is a single parent and lives with her 1year old daughter. This year, Misti received a salary of $63,000 and made the following payments:

Home mortgage interest

$2,335

Real estate taxes

1,525

State income taxes paid

1,340

Income tax preparation fee

250

Charitable contributions (cash to their church)

120

Misti files as a head of household and claims two exemptions. Calculate her taxable income this year.

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