QUESTION 42 Cam Sikorski vas divorced in 2018. She currenty provides a home for her 10-year-old daughter Kay. Kay lived in Camiles home for the entire year and Camilepad for all the costs of maintaining the home Camile has brought in the following sumazed information for you. USE THE FOLLOWING INFORMATION TO ANSWER THE MEXT FEW MULTIPLE CHIOCE QUESTIONS Directions: Go ahead and complete the Tax Components with the following information: You will be answering: Total Gross Income, Total FROM AGI Deductions, Total FOR AGI Adjustments, Adjusted Gross Income Total Tax, Taxable income Total Credits, Tax Due or Refund. What is her Taxable income? ENTER your answer as # in the following format 11,111 no dollar signs or decimals (round up if over 50 and drop cents if under 50). Information from Client Salary of 562.500 Federal income tax nitolding of $9.370 Cile has a side business dat had Raree of $35,500 and businea expense of $26.625 She contributed $2.500 to qualified retirement account (a for ACI deduction) From her kide business she has al employment te of $1,072 Employer portion of the self-employment 5599 She also received $7.500 of silicon from har farmers Camille perd $15.600 of expentures that qualified as a deductions Samuti She made soate ingroasants can be home that quality for a $2,000 creditna-tefundable Camille paid $2.000 inafterschool care expenses for her daughter (5400 tax credit) Camiles business qualifies for a 98 of $1.775 Calculated income tax ability 57324 Standard deduction 2200 single 18350 head of household QUESTION 42 Cam Sikorski vas divorced in 2018. She currenty provides a home for her 10-year-old daughter Kay. Kay lived in Camiles home for the entire year and Camilepad for all the costs of maintaining the home Camile has brought in the following sumazed information for you. USE THE FOLLOWING INFORMATION TO ANSWER THE MEXT FEW MULTIPLE CHIOCE QUESTIONS Directions: Go ahead and complete the Tax Components with the following information: You will be answering: Total Gross Income, Total FROM AGI Deductions, Total FOR AGI Adjustments, Adjusted Gross Income Total Tax, Taxable income Total Credits, Tax Due or Refund. What is her Taxable income? ENTER your answer as # in the following format 11,111 no dollar signs or decimals (round up if over 50 and drop cents if under 50). Information from Client Salary of 562.500 Federal income tax nitolding of $9.370 Cile has a side business dat had Raree of $35,500 and businea expense of $26.625 She contributed $2.500 to qualified retirement account (a for ACI deduction) From her kide business she has al employment te of $1,072 Employer portion of the self-employment 5599 She also received $7.500 of silicon from har farmers Camille perd $15.600 of expentures that qualified as a deductions Samuti She made soate ingroasants can be home that quality for a $2,000 creditna-tefundable Camille paid $2.000 inafterschool care expenses for her daughter (5400 tax credit) Camiles business qualifies for a 98 of $1.775 Calculated income tax ability 57324 Standard deduction 2200 single 18350 head of household
