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30. LO.1, 8 Compute the taxable income for 2017 for Emily on the basis of the follow- ing information. Her filing status is single. Salary
30. LO.1, 8 Compute the taxable income for 2017 for Emily on the basis of the follow- ing information. Her filing status is single. Salary Interest income from bonds issued by Xerox Alimony payments received Contribution to traditional IRA Gift from parents Short-term capital gain from stock investment Amount lost in football office pool Number of potential dependents (two cousins, who live in Canada) Age $85,000 1,100 6,000 5,500 25,000 2,000 500 40 37. LO.4 During 2017, Jenny, age 14, lives in a household with her father, uncle, and grandmother. The household is maintained by the uncle. The parties, all of whom file separate returns, have AGI as follows: father (S30,000), uncle (S50,000), and grandmother ($40,000). Who is cligibk: to daion Jcoyas a dkpendeni? b. Who has precedence as to the exemption
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