COMPREHENSIVE PROBLEM he information below to compute the 2016 taxable income and tax liability fora pendents). Prepare an analysis showing cach inem and unmarried taxpayer (age 52 with no de amount under the a of () income. (2) gross income edlasions. 0) toal (4) deductions for AGI, (65) AGL, (6) deductions from AGl, and 7' aable Cash Received Interest on savings account Gift of moncy from parent Rent from farmland owned Proceeds of life insurance policy received upon parent' deuth Nondegree candidate fellowship, granted 8/20/16, of $450 per mond s 1.728 1,000 for four months Net pay received (Gross salary of $33,000 less $7.440 state and federa income taxes, $2.046 social security taxes Employer's share of health insurance premiums, S4.260 De minimis employee fringe benefits valued at $25 and $479 Medicare tases)23035 parking costing employer $300/month fo 12 Total cash received Cash Payments 5 1.750 Expenses of farmland rental (real etate cases) Personal living expenses Total cash payments