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Camille Sikorski was divorced last year. She currently owns and provides a home for her 15-year-old daughter, Kaly, and 18-year-old son, Parker. Both children lived

Camille Sikorski was divorced last year. She currently owns and provides a home for her 15-year-old daughter, Kaly, and 18-year-old son, Parker. Both children lived in Camilles home for the entire year, and Camille paid for all the costs of maintaining the home. She received a salary of $55,000 and contributed $4,200 of it to a qualified retirement account (a for AGI deduction). She also received $6,000 of alimony from her former husband. Finally, Camille paid $2,700 of expenditures that qualified as itemized deductions.

a.

What is Camilles taxable income?

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b.

What would Camilles taxable income be if she incurred $9,800 of itemized deductions instead of $2,700?

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c.

Assume the original facts except that Camilles daughter, Kaly, is 25 years old and a full-time student. Kalys gross income for the year was $5,300. Kaly provided $3,180 of her own support, and Camille provided $5,300 of support. What is Camilles taxable income?

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Description Amount (1) Gross income (2 For AGI deductions (3) Adjusted gross income (4) Standard deduction (5) temized deductions (7) (8) Personal and dependency exemptions Total deductions from AGI Taxable income

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