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Mrs. Cora Yank (age 42) is divorced and has full custody of her 10-year-old son, William. Mrs. Yank works as a medical technician in a

Mrs. Cora Yank (age 42) is divorced and has full custody of her 10-year-old son, William.

Mrs. Yank works as a medical technician in a Chicago hospital. Her salary was $38,400, from which her employer withheld $1,045 federal income tax and $2,938 employee FICA tax.

Several years ago, Mrs. Yank was seriously injured in a traffic accident caused by another drivers negligence. This year, she received a $25,000 settlement from the drivers insurance company: $20,000 as compensation for her physical injuries and $5,000 for lost wages during her convalescent period. Because she was unable to work for the first seven weeks of the year, she collected $1,400 unemployment compensation from the state of Illinois.

Mrs. Yank earned $629 interest on a savings account. She contributed $800 to a traditional IRA. She is not an active participant in any other qualified retirement plan. Mrs. Yank paid $10,800 rent on the apartment in which she and William live. She received $1,600 alimony and $2,350 child support from her former husband under a divorce agreement executed in 2013.

Mrs. Yank is covered under her employers medical reimbursement plan. However, this years medical bills exceeded her reimbursement limit by $1,630.

Mrs. Yank paid $1,062 income tax to Illinois.

Mrs. Yank spent $470 on hospital shoes and uniforms. Her employer didnt reimburse her for this expense.

Mrs. Yank paid $1,300 for after-school child care for William.

From the above information, compute Mrs. Yanks 2021 AGI, Taxable Income, regular income tax, AMT, Total Tax liability. Assume the tax year is 2021.

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