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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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