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7. Silvia is 67 years old. Last year was a very hard year for Silvia. Her husband, John, of 42 years died and her youngest

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7. Silvia is 67 years old. Last year was a very hard year for Silvia. Her husband, John, of 42 years died and her youngest daughter joined the military and left her son, Carlos (age 5) with Silvia shortly after John's death. This year Carlos have been living with Silvia all year. Silvia received social security income of $20,000. Silvia also had annuity payments during the year of $10,000 She and John had purchased the annuity several years ago for $125,000. The annuity pays $10,000 per year for 20 years, or until both spouses have passed away, whichever occurs first Silvia received $2,000 of municipal bond interest during the year. She municipal bond has a current yield of 2.5%. Silvia could buy taxable bonds with a yield of 3.2%. Silvia withdrew $10,000 from a Health Savings Account for medical expenses. She also withdrew $10o,000 from Traditional IRA. Using 2018 tax law, what is Silvia's: Filing status? (3 pts) Number of dependents (2 pts) Total gross income reported on the tax return EXCLUDING Social Security Benefits (a pts) Taxable amount of Social Security Benefits (4 pts) Standard deduction amount (2 pts) Tasble ncone 10 a. b. c. d. e. ghod'd sve shiok with e n Best oond option onds o swton to taable vond s 7. Silvia is 67 years old. Last year was a very hard year for Silvia. Her husband, John, of 42 years died and her youngest daughter joined the military and left her son, Carlos (age 5) with Silvia shortly after John's death. This year Carlos have been living with Silvia all year. Silvia received social security income of $20,000. Silvia also had annuity payments during the year of $10,000 She and John had purchased the annuity several years ago for $125,000. The annuity pays $10,000 per year for 20 years, or until both spouses have passed away, whichever occurs first Silvia received $2,000 of municipal bond interest during the year. She municipal bond has a current yield of 2.5%. Silvia could buy taxable bonds with a yield of 3.2%. Silvia withdrew $10,000 from a Health Savings Account for medical expenses. She also withdrew $10o,000 from Traditional IRA. Using 2018 tax law, what is Silvia's: Filing status? (3 pts) Number of dependents (2 pts) Total gross income reported on the tax return EXCLUDING Social Security Benefits (a pts) Taxable amount of Social Security Benefits (4 pts) Standard deduction amount (2 pts) Tasble ncone 10 a. b. c. d. e. ghod'd sve shiok with e n Best oond option onds o swton to taable vond s

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