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Q28 28. LO.1, 8 Compute the taxable income for 2020 for Emily on the basis of the following information. Her filing status is single. $85,000

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28. LO.1, 8 Compute the taxable income for 2020 for Emily on the basis of the following information. Her filing status is single. $85,000 1,100 Salary Interest income from bonds issued by Xerox Alimony payments received (divorce occurred in 2014) Contribution to traditional IRA 6.000 6,000 Gift from parents 25,000 2.500 Short-term capital gain from stock investment Amount lost in football office pool Age 500 40

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