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Calculate Taxable Income for Primrose Palmer. Primrose takes the Standard Deduction. Primrose is single: Salary $200,000 Interest on City of Tampa bond $20,000 Treasury bond

Calculate Taxable Income for Primrose Palmer. Primrose takes the Standard Deduction. Primrose is single:

Salary $200,000

Interest on City of Tampa bond $20,000

Treasury bond interest $20,000

Primrose received $20,000 in a legal settlement for a business issue.

Primrose received a $100,000 gift from her mom Rose.

Primrose's sister, Tulip, repaid a $40,000 loan from 2013

Workman's compensation $20,000

Alimony received $10,000. The divorce was finalized in 2016.

Contribution to Health savings account $2,000

Educator expenses $400

Primrose won $20,000 in a bowling contest

Primrose found a ring worth $10,000 on the ski slope

Sole proprietorship income $100,000

Self employment tax $6,000

Primrose received $200,000 from the estate of her great grandmother, Violet.

Dividends $20,000.

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