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LO.1,2,3 Compute the taxable income for 2021 for Emily on the basis of the fol- lowing information. Her filing status is single. Salary Interest

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LO.1,2,3 Compute the taxable income for 2021 for Emily on the basis of the fol- lowing information. Her filing status is single. Salary Interest income from bonds issued by Xerox Alimony payments received (divorce occurred in 2014) Contribution to traditional IRA Gift from parents Short-term capital gain from stock investment Amount lost in football office pool Age $85,000 1,100 6,000 6,000 25,000 2,500 500 40

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