Question
Camille Sikorski was divorced last year. 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 last year. 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. She received a salary of $92,500 and contributed $5,700 of it to a qualified retirement account (a for AGI deduction). She also received $13,500 of alimony from her former husband. Finally, Camille paid $16,800 of expenditures that qualified as itemized deductions. c. Assume the original facts but now suppose Camilles daughter, Kaly, is 25 years old and a full-time student. Kalys gross income for the year was $6,800. Kaly provided $4,080 of her own support, and Camille provided $6,800 of support. What is Camilles taxable income?
Camille Sikorski was divorced last year. 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 $92,500 and contributed $5,700 of it to a qualified retirement account (a for AGI deduction). She also received $13,500 of alimony from her former husband. Finally, Camille paid $16,800 of expenditures that qualified as itemized deductions. sume the original facts but now suppose Camille's daughter, Kaly, is 25 years old and a full-time student. Kaly's gross income for ear was $6,800. Kaly provided $4,080 of her own support, and Camille provided $6,800 of support. What is Camille's taxable ne? amille P Description Amount Gross income For AGI deductions Adjusted gross income Standard deduction Itemized deductions $106,000 5,700 $ 100,300 16,800 Taxable income 83,500Step by Step Solution
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