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Problem 3-28 (LO. 1, 8) The following information applies to Emily for 2019. Her filing status is single. Salary $85,000 Interest income from bonds issued
Problem 3-28 (LO. 1, 8) The following information applies to Emily for 2019. Her filing status is single. Salary $85,000 Interest income from bonds issued by Xerox 1,100 Alimony payments received (divorce occurred in 2014) 6,000 Contribution to traditional IRA 5,500 Gift from parents 25,000 Short-term capital gain from stock investment 2,000 Amount lost in football office pool (gambling loss) 500 Age 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 or nontaxable to Emily. Salary Gift from parents Alimony payments received Short-term capital gain from stock investment Interest income from bonds issued by Xerox Identify whether the items are deductible (fully or partially) by Emily. Amount lost in football office pool Contribution to a traditional IRA Emily's taxable income in 2019 is $
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