a 85% Tue 10:49 AM Azucena Ruiz s20 171 Module 5 Problem Set.pdf (page 7 of 10) Question 13 0.2 pts Same facts as previous question. lan and Isabella paid the following expenses in 2020: Federal income taxes withheld on wages: $9,000 State & local income taxes: $8,000 Property taxes on principal residence: $5,000 Sales tax: $1,000 5 Problem Set Interest on credit card used for personal travel: $4,500 Interest on $350,000 mortgage used to purchase principal residence: $3,000 Interest on $20,000 home-equity loan used to improve their principal residence: $1,000 Student loan interest: $2,000 Charitable contribution (cash): $1,000 Unreimbursed employee business expenses (job supplies): $750 lan and Isabella's home is worth $550,000. They have proper records to substantiate all expenses, including the charitable contribution What is lan and Isabella's AGI? Question 12 0.5 pts lan, 37, and Isabella, 36, are married and file a joint tax return. They have one child, Ingrid (Isabella's daughter from a prior marriage and is claimed as a dependent (QC) on lan & Isabella's joint return). In 2020, Isabella and lan had the following items: Salary (Isabella): $83.000 Salary (lan): $13,000 Scholarship: $6,500 ($2,500 used to pay lan's tuition at an eligible educational institution, $1,000 used to buy required textbooks, and $3,000 used to pay room and board) California Paid Family Leave (PFL): $2,000 Inheritance from Isabela's father: $100,000 Chid support payments received from Isabella's ex-husband: $6,000 What is an and Isabella's lederal) gross income for 20207 Exclude the maximum amount of scholarship income possible Screen Shot