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b. Ruby and Woody are married and file a joint tax return. Ruby is age 66, and Woodys is 69. Their taxable retirement income is

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b. Ruby and Woody are married and file a joint tax return. Ruby is age 66, and Woodys is 69. Their taxable retirement income is $14,120. c. Shonda is age 68 and single. She is claimed by her daughter as a dependent. Her earned income is $510, and her interest income is $200. $85,000 1,100 6,000 5,500 Salary Interest income from bonds issued by Xerox Alimony payments received (divorce finalized in 2014) Contribution to traditional IRA Gift from parents Capital gain from stock investment, held for 7 months Amount lost in football office betting pool (gambling loss) Age 25,000 2,000 500 40 Emily has no gambling winnings this year. Click here to access the standard deduction table to use. Indicate whether the following items are taxable or nontaxable to Emily. Salary Taxable Gift from parents Not taxable Alimony payments received Taxable Capital gain from stock investment, held for 7 months Taxable Interest income from bonds issued by Xerox Taxable Identify whether the items are deductible (fully or partially) by Emily. Not deductible Amount lost in football office betting pool Contribution to a traditional IRA Deductible Gift from parents Not taxable Alimony payments received Taxable Capital gain from stock investment, held for 7 months Taxable Interest income from bonds issued by Xerox Taxable Identify whether the items are deductible (fully or partially) by Emily. Amount lost in football office betting pool Not deductible Contribution to a traditional IRA Deductible Emily's taxable income in 2019 is $ 94,100

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