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Problem 3-25 (LO. 1, 8) The following information applies to Emily's 2018 taxable income. Her filing status is single. Salary Interest income from bonds issued
Problem 3-25 (LO. 1, 8) The following information applies to Emily's 2018 taxable income. Her filing status is single. Salary Interest income from bonds issued by Xerox Alimony payments received (divorce finalized in 2014) Contribution to traditional IRA Gift from parents Capital gain from stock investment, held for 7 months Amount lost in football office betting pool Age $85,000 1,100 6,000 5,500 25,000 2,000 500 40 Emily has no gambling winnings this year. Click here to access the standard deduction table to use. Indicate whether the following items are taxable o nontaxable to Emily
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