During 2019, Susan is single and has a dependent child (age9) living in her home. She has the following income/losses: Salary 82500, Bank interest 2500, life insurance proceeds 15000, inheritance rec'd 13500, scholarship for her college tuition 11050. She made a traditional IRA contribution (a for AGI deduction) of 4000. Her itemized deductions total 15580. In addition federal tax was withheld and paid in on susan's behalf of 10700

A) what is her gross income?

B) What is her AGI?

C) What is her taxable income?

D) What is her tax liability?

E) What is the amount of tax or refund due?

PROBLEM - calculate the correct answer (and show all your work) During 2019, Susan is single and has a dependent child (age 9) living in her home. She has the following income/losses: Salary - $82,500 Bank interest - $2,500 Life Insur Proceeds - $15,000 Inheritance rec'd - $13,550 Scholarship for her college tuition - $11,050 She made a Traditional IRA contribution (a for AGI deduction) of $4,000 Her itemized deductions total $15,580 In addition, federal tax was withheld and paid in on Susan's behalf of $10,700 a) What is her gross income? b) What is her AGI? c) What is her Taxable income? d) What is her Tax liability? e) What is the amount of refund or tax due