Required information (The following information applies to the questions displayed below.) Camille Sikorski was divorced in 2017. She currently provides a home for her 15-year-old daughter Kaly. Kaly lived in Camille's home for the entire year, and Camille paid for all the costs of maintaining the home. She received a salary of $70,000 and contributed $4,800 of it to a qualified retirement account (a for AGI deduction). She also received $9,000 of alimony from her former husband (per divorce decree issued in 2017). Finally, Camille paid $15,900 of expenditures that qualified as itemized deductions. (Use the tax rate schedules and 2019 rules.) a. What is Camille's taxable income? Amount Description (1) Gross Income (2) For AGI deductions (3) Adjusted gross income (4) Standard deduction (5) Itemized deductions (6) Lesser of standard deductions or itemized deductions Taxable income Required information [The following information applies to the questions displayed below) Camille Sikorski was divorced in 2017. She currently provides a home for her 15-year-old daughter Kaly. Kaly lived in Camille's home for the entire year, and Camille paid for all the costs of maintaining the home. She received a salary of $70,000 and contributed $4,800 of it to a qualified retirement account la for AGI deduction). She also received $9,000 of alimony from her former husband (per divorce decree Issued in 2017). Finally, Camille paid $15,900 of expenditures that qualified as itemized deductions. (Use the tax rate schedules and 2019 rules.) C. Assume the original facts but now suppose Camille's daughter, Kaly, is 25 years old and a full-time student. Kaly's gross income for the year was $5,900. Kaly provided $3,540 of her own support, and Camille provided $5.900 of support. What is Camille's taxable Income? Amount $ 0 Description (1) Gross income (2) For AGI deductions (3) Adjusted gross income (4) Standard deduction (5) Itemized deductions (6) Taxable income 2019 Tax Rate Schedules ndividuals Schedule X-Single If taxable income is over: But not over: The tax is: $ 0 $ 9,700 10% of taxable income $ 9,700 S 39,475 $970 plus 12% of the excess over $9,700 $ 39,475 S 84,200 $4,543 plus 22% of the excess over $39,475 $ 84,200 $160,725 $14,382 50 plus 24% of the excess over $84,200 $160,725 $204,100 $32,748.50 plus 32% of the excess over $160,725 S204,100 $510,300 $46,628 50 plus 35% of the excess over $204,100 S510,300 $153,798.50 plus 37% of the excess over $510,300 Schedule Y-1-Married Filing Jointly or Qualifying Widow(er) If taxable income is over: But not over: The tax is: S 0 $ 19,400 10% of taxable income $ 19,400 $ 78,950 $1,940 plus 12% of the excess over $19,400 $ 78,950 $168.400 |$9.086 plus 22% of the excess over $78,950 $168.400 S321,450 $28,765 plus 24% of the excess over $168.400 $321.450 S408,200 $65.497 plus 32% of the excess over $321,450 $408,200 $612,350 $93.257 plus 35% of the excess over $408.200 $612,350 - $164,709.50 plus 37% of the excess over $612,350 Schedule Z-Head of Household If taxable income is over: But not over: The tax is: $ 0 $ 13,850 10% of taxable income $ 13,850 $ 52,850 $1,385 plus 12% of the excess over $13.850 $ 52,850 $ 84,200 $6,065 plus 22% of the excess over $52,850 $ 84,200 $160,700 $12,962 plus 24% of the excess over $84.200 $160,700 $204,100 $31,322 plus 329 of the excess over $160,700 $204,100 $510,300 $45,210 plus 35% of the excess over $204,100 S510,300 $152,380 plus 37% of the excess over $510,300 Schedule Y-2-Married Filing Separately If taxable income is over: But not over: The tax ist $ 9,700 10% of taxable income $ 9,700 $ 39,475 $970 plus 12% of the excess over $9,700 $ 39 475 $ 84,200 $4,543 plus 22% of the excess over $39.475 $ 84,200 S160,725 $14,382.50 plus 2456 of the excess over $84.200 $160,725 $204,100 $32,748.50 plus 32% of the excess over $160,725 $204,100 5306,175 546,628.50 plus 35% of the excess over S204.100 $306,175 $82.354.75 plus 37 of the excess over $306,175
