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Alice is a single taxpayer who does not own her own home and is employed as an instructor by State University of Florida. She has
Alice is a single taxpayer who does not own her own home and is employed as an instructor by State University of Florida. She has the following items pertaining to her income tax return for the current year.
Received $ salary from her employer.
Received a gift of shares of Ace Corporation stock with a $ FMV from her mother. She also received $ of cash dividends from Ace Corporation.
Received $ of interest income on bonds issued by the City of Tampa.
Alices employer paid $ of medical and health insurance premiums on her behalf.
Received $ alimony from her exhusband. They divorced in
State University provided $ of group term life insurance to Alice.
Received a $ cash award from her employer for being designated the Instructor of the Year.
Won $ from a lottery ticket she purchased for $ Distribution rules allow winners to take a onetime lump sum amount less applicable state and federal taxes or a structured annuity yearly payouts spread over years at simple interest payable to the winner.
Total itemized deductions: $ how will each of these affect her tax return?
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