Question
Camille Sikorski was divorced in 2017. She currently provides a home for her 15-year-old daughter Kaly. Kaly lived in Camille's home for the entire year,
Camille Sikorski was divorced in 2017. 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. She received a salary of $100,000 and contributed $6,100 of it to a qualified retirement account (a for AGI deduction). She also received $15,000 of alimony from her former husband (per divorce decree issued in 2017). Finally, Camille paid $17,100 of expenditures that qualified as itemized deductions. (Use thetax rate schedulesand 2019 rules.)
a.What is Camille's taxable income?
b.What would Camille's taxable income be if she incurred $12,500 of itemized deductions instead of $17,100?
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 $7,100. Kaly provided $4,260 of her own support, and Camille provided $7,100 of support. What is Camille's taxable income?
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