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Problem 4 (20 Points; 12 minutes) Jacqueline, who is single with one dependent, has the following for the calendar year 2018: RECEIPTS FOR YEAR Salary
Problem 4 (20 Points; 12 minutes)
Jacqueline, who is single with one dependent, has the following for the calendar year 2018:
RECEIPTS FOR YEAR
Salary as Business Consultant (part-time) $ 16,200
Interest from Friendly Bank 2,236
Interest from City of Chula Vista bonds 2,000
Dividends from U.S. corporations 69
Social Security benefits 21,000
EXPENDITURES FOR YEAR
Contribution to IRA 920
Itemized deductions 17,400
Jacqueline claims one child tax credit.
How much is Jacquelines adjusted gross income?
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