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5 points Save Answer QUESTION 42 Camille Sikorski was divorced last year (2018). She currently provides a home for her 10-year-old daughter Kaly. Kaly lived
5 points Save Answer QUESTION 42 Camille Sikorski was divorced last year (2018). She currently provides a home for her 10-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. Camille has brought in the following summarized information for you USE THE FOLLOWING INFORMATION TO ANSWER THE NEXT FEW MULTIPLE CHIOCE QUESTIONS Directions: Go ahead and complete the Tax Components with the following information: You will be answering: Total Gross income, Total FROM AGI Deductions, Total FOR AGI Adjustments, Adjusted Gross Income, Total Tox, Taxable income, Total Credits, Tax Due or Refund. Information from Client Salary of $62.500 Federal income tax withholdings of $9,370. Camille ha side business hal had Revenue of $35.500 and business capenses of $26,625 She contributed $2,500 to a qualified retirement account (a for AG deduction) From her side business she has self-cmployment can of $1077 Employer portiun of the well- employment tax is $539 She also received $7,500 or alimony from her farmer hushund Camille paid $15,600 of expenditures that qualified as ile deductions She made some improvements un ber home bal qualify for a $2.000 energy credit (non refundable) Camille pald $2,000 in afterschool care expenses for her daughter ($400 tax credit) Camille's business qualifies for a Qol of $1,775. Calculated income tax liability is $7324 Standard deduction is 12,200 single, 18.350 head of household What is her Taxable income? USE THE FOLLOWING INFORMATION TO ANSWER THE NEXT FEW MULTIPLE CHIOCE QUESTIONS Directions: Go ahead and complete the Tax Components with the following information: You will be answering: Total Gross income, Total FROM AGI Deductions, Total FOR AGI Adjustments, Adjusted Gross income, Total Tox, Taxable income, Total Credits, Tax Due or Refund. Information from Client Salary of $62.500 Federal income tax withholdings of 39,370 Camille has a side business that bad Revenue of $35,500 and business expenses of $26.625. She contributed $2.500 to a qualified retirement account (a for Acil clecluction). From ber side business she has self-employment tax of $1.077 Employer portion of the self- employment tax is $539. She also received $7.500 of alimony from her former husband, Camille paid $15.6010 of expenditures that qualified as itemized doductions She made some improvements on her home that qualify for a $2,000 energy credit (non- refundable) Camille paid $2,000 in afterschool care expenses for her daughter ($400 tax credit) Camille's business qualifies for a OBI of $1.775. Calculated income tax liability is $7,324. Standard deduction is 12,200 single, 18,350 head of household What is her Taxable income? ENTER THE Correct #as 11,111 no dollar signs or decimals (round up is over 50 and drop cents if under.50)
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