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please answer this question within half hour possible Thankyou 1. Compute the taxable income for 2020 for Marvin on the basis of the following information.

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please answer this question within half hour possible Thankyou

1. Compute the taxable income for 2020 for Marvin on the basis of the following information. His filing status is single. $80.000 2.000 Salary Interest income from bonds issued by City of Sacramento Alimony payments made Contribution to traditional IRA 7.200 5.000 40.000 (4.000) Gift from grandparents Capital loss from stock investment Amount won in football office pool(Sports gambling is against the law where Marvin lives) 2.500 Number of dependents (uncle and aunt who live in another state) 2 Age 40 2. Compute the taxable income for 2020 for Alexis on the basis of the following information. Alexis is married but has not seen or heard from her husband since 2017. Salary $70,000 Interest on bonds issued by Panda Corporation 4.000 Interest on CD issued by PNC Bank 3.000 Cash dividend received on GE common Stock 1.200 Life insurance proceeds paid on death of aunt (Alexis was the designated beneficiary of the policy) 50.000 Inheritance received on death of aunt 300.000 Carlton (a cousin) repaid a loan Alexis made to him in 2006 (no 5.000 interest was provided for) Itemized deductions (state income tax, property taxes on residence, 8.200 interest on home mortgage, charitable contributions) Number of dependents (children, ages 13. 14, and 15) 3 Age 39 3. Determine the number of personal and dependency exemptions in each of the following independent situations Leo and Amanda (age 48 and 46) are husband and wife and furnish more than 50% of the support of their two children. Elton (age 18) and Trista (age 24). During the year, Elton earns $4,500 providing transportation for elderly persons with disabilities, and Trista receives a $5,000 scholarship for tuition at the law school she attends 01 2 33 @4 65 the number of personal and dependency exemptions in each of the

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