acct 387 ch 4 hw q 12 13 14

Required information Comprehensive Problem 4-58 (LO 4-1, LO 4-2, LO 4-3) (Algo) [The following information applies to the questions displayed below] Camille Sikorski was divorced in 2018. She currently provides a home for her 15-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 received a salary of $80,000 and contributed $5,200 of it to a qualified retirement account (a for AGI deduction). She also received $11,000 of alimony from her former husband (per divorce decree issued in 2018). Finally, Camille paid $16,300 of expenditures that qualified as itemized deductions. (Use the tax rate schedules.) Comprehensive Problem 4-58 Part-a (Algo) a. What is Camille's taxable income? Comprehensive Problem 4-58 Part-b (Algo) b. What would Camille's taxable income be if she incurred $25,300 of itemized deductions, instead of $16,300 ? c. Assume the original facts but now suppose Camille's daughter, Kaly, is 25 years old and a full-time student. Kaly's gross income for the year was $6,300. Kaly provided $3,780 of her own support, and Camille provided $6,300 of support. What is Camile's taxable income