Question
Camille Sikorski was divorced in 2018. She currently provides a home for her 15-year-old daughter Kaly. Kaly lived in Camilles home for the entire year,
Camille Sikorski was divorced in 2018. She currently provides a home for her 15-year-old daughter Kaly. Kaly lived in Camilles home for the entire year, and Camille paid for all the costs of maintaining the home. Camille received a salary of $105,000 and contributed $6,300 of it to a qualified retirement account (a for AGI deduction). She also received $16,000 of alimony from her former husband (per divorce decree issued in 2018). Finally, Camille paid $17,300 of expenditures that qualified as itemized deductions, including a $1,000 donation to United Way (a public charity). (Use the tax rate schedules and 2021 rules.)
Comprehensive Problem 4-57 Part-a (Algo)
a. What is Camilles taxable income?
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