Question: Problem 9-12 (a) (LO. 1, 2, 3) The following information applies to Jasmine, who is single, for 2018: $56,000 1,500 3,000 4,000 Salary Interest income

 Problem 9-12 (a) (LO. 1, 2, 3) The following information appliesto Jasmine, who is single, for 2018: $56,000 1,500 3,000 4,000 Salary

Problem 9-12 (a) (LO. 1, 2, 3) The following information applies to Jasmine, who is single, for 2018: $56,000 1,500 3,000 4,000 Salary Interest income from First Bank of Lexington Dividends from Watters Company stock Contribution to a traditional IRA Loan repayment from her friend Capital loss from sale of personal vehicle Number of potential dependents Age 1,000 (2,300) ? 44 Jasmine maintains a household for her sister, who has $9,000 from Social Security. In addition, Jasmine's aunt lives with her and has income of $3,000. Click here to access the standard deduction table to use. Indicate whether the following items are taxable or nontaxable to Jasmine. Salary Taxable Loan repayment from a friend Not taxable Interest income Taxable Dividend income Taxable Identify whether the items are deductible (fully or partially) by Jasmine. Deductible Contribution to a traditional IRA Capital loss from sale of personal vehicle Not deductible Jasmine's taxable income in 2018 is $ IX

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