Question
1. A) Camille Sikorski was divorced last year. She currently owns and provides a home for her 15-year-old daughter, Kaly, and 18-year-old son, Parker. Both
1. A) Camille Sikorski was divorced last year. She currently owns and provides a home for her 15-year-old daughter, Kaly, and 18-year-old son, Parker. Both children lived in Camilles home for the entire year, and Camille paid for all the costs of maintaining the home. She received a salary of $70,000 and contributed $4,800 of it to a qualified retirement account (a for AGI deduction). She also received $9,000 of alimony from her former husband. Finally, Camille paid $3,300 of expenditures that qualified as itemized deductions.
Needed: Please show all work
Gross Income=
For AGI=
Adjusted Gross Income=
Standardized Deductions=
Itemized Deductions=
Personal and Dependency Expemtions=
Total Deductions From AGI=
Taxable Income=
B) What would Camilles taxable income be if she incurred $10,700 of itemized deductions instead of $3,300?
Gross Income=
For AGI=
Adjusted Gross Income=
Standardized Deductions=
Itemized Deductions=
Personal and Dependency Expemtions=
Total Deductions From AGI=
Taxable Income=
C) Assume the original facts except that Camilles daughter, Kaly, is 25 years old and a full-time student. Kalys gross income for the year was $5,900. Kaly provided $3,540 of her own support, and Camille provided $5,900 of support. What is Camilles taxable income?
Gross Income=
For AGI=
Adjusted Gross Income=
Standardized Deductions=
Itemized Deductions=
Personal and Dependency Expemtions=
Total Deductions From AGI=
Taxable Income=
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