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24, Amy incurs and pays the following expenses during the year. . Alimony of $14,000 to her former spouse, Ted from divorce in 2014 .
24, Amy incurs and pays the following expenses during the year. . Alimony of $14,000 to her former spouse, Ted from divorce in 2014 . Child support of $12,000 to Ted for the care of their son, Bobby. . Medical expenses of $8,000 for herself. Charitable contributions of $3,000 to her church. . Contribution to her traditional IRA of $5,000. . Mortgage interest on her residence of $11,000. . Property taxes on her residence of $7,200. . State income taxes for herself of $4,000 Amy's only income is a S100,000 salary. Calculate Amy's taxable income. 21. Which of the following is incorrect? a. Alimony can be a deduction for AGI. b. The expenses associated with royalty property are a deduction from AGL. c. Contributions to a traditional IRA are a deduction for AGL d. Medical expenses are a deduction/rom AGI e. None of the above 22. 21. Which of the following is incorrect? a. Alimony can be a deduction for AGI. b. The expenses associated with royalty property are a deduction from AGL. c. Contributions to a traditional IRA are a deduction for AGL d. Medical expenses are a deduction/rom AGI e. None of the above 22
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