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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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