Question
Catherine Ludlow was divorced last year. She currently owns and provides a home for her 15-year-old daughter. Carmine lived in Catherines home for the entire
Catherine Ludlow was divorced last year. She currently owns and provides a home for her 15-year-old daughter. Carmine lived in Catherines home for the entire year and Catherine paid for all the costs of maintaining the home. She received a salary of $105,000 and contributed $6,000 of it to a qualified retirement account (a for AGI deduction). She also received $10,000 of alimony from her former husband (pre 2019 divorce decree). Finally, Catherine paid $15,000 of expenditures that qualified as itemized deductions.
What is Catherines filing status?
What is Catherines taxable income?
Part 2
Assume the original facts but now suppose that Catherines daughter, Carmine, is 25 years old and a full-time student. Carmines gross income for the year was $5,000. Carmine provided $3,000 of her own support and Catherine provided $5,000 of support.
What is Catherines filing status?
What is Catherines taxable income?
USE 2018 TAX RATE SCEDULE!!!!!!!!
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