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In each independent item below, assume that a single taxpayer earned $30,000 in W-2 income. Show the appropriate amount that should appear under each heading.
| In each independent item below, assume that a single taxpayer earned $30,000 in W-2 income. Show the appropriate amount that should appear under each heading. More than one option may be selected | |||||||||
| Item | Amount | Include in Gross Income | Exclude form Gross Income | Deduction for AGI | Deduction from AGI | Appears on Schedule A | Appears on Schedule B | Appears on Schedule D | |
| Interest from Savings Account | $60 | ||||||||
| Dividends from stock investment | $500 | ||||||||
| Bad Debt from an Unpaid Loan | $6,000 | ||||||||
| Donation of automobile to charity | $600 | ||||||||
| Cash donation to church | $500 | ||||||||
| Cash donation to charity | $3,000 | ||||||||
| Student loan interest | $1,200 | ||||||||
| Alimony | $12,000 | ||||||||
| Loss on the sale of stock purchased 5 years ago | $900 | ||||||||
| Gain of the sale of stock purchased 6 years ago | $1,200 | ||||||||
| Traditional IRA contributions | $4,500 | ||||||||
| Net loss on real estate rental properties | $6,000 | ||||||||
| Home business (sole proprietorship) profit | $12,000 | ||||||||
| Moving expenses | $2,500 | ||||||||
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