Bills wife, Julia, died in the current tax year. Since, then he has been caring for their one dependent daughter, Sam. He has not remarried and he is 45 years old. (Disregard all child credits for purposes of your calculations) Last year his itemized deductions were $5,000. [CTY = 2018]

Bills Salary 130,000 Ordinary, qualified dividends on stock 4,000 Refund of prior year state income taxes 2,500 Mortgage interest on personal residence 8,000 Unreimbursed, qualified moving expenses attributable to a job change for Bill 14,000

State income taxes paid this year 1,900 Net capital losses on stock sales 10,000 Medical expenses for Sam (out-of-pocket) 16,000

Calculate Bill's

A) AGI

B) Taxable Income

C) Tax Liability (before any credits).

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