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Please help me with the following questions attached, thank you! Problem 2 - 10 points Mary (age 95 is a California resident & provides 100%

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Please help me with the following questions attached, thank you!
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Problem 2 - 10 points Mary (age 95 is a California resident & provides 100% of the support for her daughter Amy (age 3). In 2018, Mary had the following transactions: Salary Income from DML, LLP 25,000 Alimony income from ex husband 14,000 Child support payments from her ex husband 14,000 Unemployment compensation from State of California 7,000 Received workers comp for breaking her arm in a work related accident 12,000 Paid California income taxes (5,000) Paid childcare expenses (3,500) What is Mary's adjusted gross income for the year? What is Mary's taxable Income for the year? What is Mary's net tax liability for the year? (ignore AMT) Problem 3 - 10 points On January 1, 2017 Peggy (age 27 & single) opened her own tax consulting firm. In the current year she had the following income & expenses: Collected cash consulting fees 150,000 Had outstanding AR at 12/31/17 of 13,000 Had outstanding AR at 12/31/18 of 10,000 Paid salarys 85,000 Paid medical insurance for staff of 2,200 Paid medical insurance for herself 8,000 She bought a Jaguar & intended to deduct it as a business expenses (90% business) 25,000 Auto Operating costs (100%) 4,900 Business parking 4,200 Toll violations 1.000 Business meals with clients 11,000 Purchased computers in February 2018 3,500 Interest income 12,000 Interest income - CA Muni 2,000 Peggy made CA estimate payments of 12,000 Investment management fees 4.000 She paid alimony to her ex husband of 22,000 What was her net business income? What was her AGI? What is QBI deduction? What was her taxable income

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