! Required information [The following information applies to the questions displayed below.] Camille Sikorski was divorced...

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! Required information [The following information applies to the questions displayed below.] Camille Sikorski was divorced in 2017. She currently provides a home for her 15-year-old daughter Kaly. Kaly lived in Camille's home for the entire year, and Camille paid for all the costs of maintaining the home. She received a salary of $105,000 and contributed $6,300 of it to a qualified retirement account (a for AGI deduction). She also received $16,000 of alimony from her former husband (per divorce decree issued in 2017). Finally, Camille paid $17,300 of expenditures that qualified as itemized deductions. (Use the tax rate schedules and 2019 rules.) a. What is Camille's taxable income? Description Amount (1) Gross income (2) For AGI deductions (3) Adjusted gross income (4) Standard deduction (5) Itemized deductions $ (6) Taxable income b. What would Camille's taxable income be if she incurred $12,800 of itemized deductions instead of $17,300? Description Amount (1) Gross income (2) For AGI deductions (3) Adjusted gross income (4) Standard deduction (5) Itemized deductions $ (6) Taxable income 2019 Tax Rate Schedules Individuals Schedule X-Single If taxable income is over: But not over: $ 0 $ 9,700 The tax is: $ 9,700 $ 39,475 $ 84,200 $4,543 plus 22% of the excess over $39,475 10% of taxable income $970 plus 12% of the excess over $9,700 $ 39,475 $ 84,200 $160,725 $14,382.50 plus 24% of the excess over $84,200 $160,725 $204,100 $32,748.50 plus 32% of the excess over $160,725 $204,100 $510,300 $46,628.50 plus 35% of the excess over $204,100 $510,300 $153,798.50 plus 37% of the excess over $510,300 Schedule Y-1-Married Filing Jointly or Qualifying Widow(er) If taxable income is over: But not over: $ 0 $ 19,400 The tax is: $ 19,400 10% of taxable income $ 78,950 $1,940 plus 12% of the excess over $19,400 $168,400 $9,086 plus 22% of the excess over $78,950 $ 78,950 $168,400 $321,450 $28,765 plus 24% of the excess over $168,400 $321,450 $408,200 S65,497 plus 32% of the excess over $321,450 $408,200 $612,350 $93,257 plus 35% of the excess over $408,200 $612,350 $164,709.50 plus 37% of the excess over $612,350 Schedule Z-Head of Household If taxable income is over: But not over: The tax is: $ 0 10% of taxable income $1,385 plus 12% of the excess over $13,850 $ 13,850 $ 13,850 $ 52,850 $ 84,200 $ 52,850 $ 84,200 $160,700 S12,962 plus 24% of the excess over $84,200 $6,065 plus 22% of the excess over $52,850 $160,700 $204,100 $31,322 plus 32% of the excess over $160,700 $204,100 $510,300 $45,210 plus 35% of the excess over $204,100 $510,300 $152,380 plus 37% of the excess over $510,300 Schedule Y-2-Married Filing Separately If taxable income is over: But not over: $ 0 $ 9,700 $ 39,475 $ 84,200 The tax is: $ 9,700 10% of taxable income $ 39,475 $ 84,200 $970 plus 12% of the excess over $9,700 $4,543 plus 22% of the excess over $39,475 $160,725 $14,382.50 plus 24% of the excess over $84,200 $160,725 $204,100 $32,748.50 plus 32% of the excess over $160,725 $204,100 $306,175 $46,628.50 plus 35% of the excess over $204,100 $306,175 S82,354.75 plus 37% of the excess over $306,175 ! Required information [The following information applies to the questions displayed below.] Camille Sikorski was divorced in 2017. She currently provides a home for her 15-year-old daughter Kaly. Kaly lived in Camille's home for the entire year, and Camille paid for all the costs of maintaining the home. She received a salary of $105,000 and contributed $6,300 of it to a qualified retirement account (a for AGI deduction). She also received $16,000 of alimony from her former husband (per divorce decree issued in 2017). Finally, Camille paid $17,300 of expenditures that qualified as itemized deductions. (Use the tax rate schedules and 2019 rules.) a. What is Camille's taxable income? Description Amount (1) Gross income (2) For AGI deductions (3) Adjusted gross income (4) Standard deduction (5) Itemized deductions $ (6) Taxable income b. What would Camille's taxable income be if she incurred $12,800 of itemized deductions instead of $17,300? Description Amount (1) Gross income (2) For AGI deductions (3) Adjusted gross income (4) Standard deduction (5) Itemized deductions $ (6) Taxable income 2019 Tax Rate Schedules Individuals Schedule X-Single If taxable income is over: But not over: $ 0 $ 9,700 The tax is: $ 9,700 $ 39,475 $ 84,200 $4,543 plus 22% of the excess over $39,475 10% of taxable income $970 plus 12% of the excess over $9,700 $ 39,475 $ 84,200 $160,725 $14,382.50 plus 24% of the excess over $84,200 $160,725 $204,100 $32,748.50 plus 32% of the excess over $160,725 $204,100 $510,300 $46,628.50 plus 35% of the excess over $204,100 $510,300 $153,798.50 plus 37% of the excess over $510,300 Schedule Y-1-Married Filing Jointly or Qualifying Widow(er) If taxable income is over: But not over: $ 0 $ 19,400 The tax is: $ 19,400 10% of taxable income $ 78,950 $1,940 plus 12% of the excess over $19,400 $168,400 $9,086 plus 22% of the excess over $78,950 $ 78,950 $168,400 $321,450 $28,765 plus 24% of the excess over $168,400 $321,450 $408,200 S65,497 plus 32% of the excess over $321,450 $408,200 $612,350 $93,257 plus 35% of the excess over $408,200 $612,350 $164,709.50 plus 37% of the excess over $612,350 Schedule Z-Head of Household If taxable income is over: But not over: The tax is: $ 0 10% of taxable income $1,385 plus 12% of the excess over $13,850 $ 13,850 $ 13,850 $ 52,850 $ 84,200 $ 52,850 $ 84,200 $160,700 S12,962 plus 24% of the excess over $84,200 $6,065 plus 22% of the excess over $52,850 $160,700 $204,100 $31,322 plus 32% of the excess over $160,700 $204,100 $510,300 $45,210 plus 35% of the excess over $204,100 $510,300 $152,380 plus 37% of the excess over $510,300 Schedule Y-2-Married Filing Separately If taxable income is over: But not over: $ 0 $ 9,700 $ 39,475 $ 84,200 The tax is: $ 9,700 10% of taxable income $ 39,475 $ 84,200 $970 plus 12% of the excess over $9,700 $4,543 plus 22% of the excess over $39,475 $160,725 $14,382.50 plus 24% of the excess over $84,200 $160,725 $204,100 $32,748.50 plus 32% of the excess over $160,725 $204,100 $306,175 $46,628.50 plus 35% of the excess over $204,100 $306,175 S82,354.75 plus 37% of the excess over $306,175

Answer rating: 100% (QA)

Salary income105000 Other income16000 Total Gross ... View the full answer