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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
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 $110,000 and contributed $6,500 of it to a qualified retirement account (a for AGI deduction). She also received $17,000 of alimony from her former husband (per divorce decree issued in 2017, so alimony is included in gross income). Finally, Camille paid $17,500 of expenditures that qualified as itemized deductions. (Use the tax rate schedules and 2019 rules.) a. What is Camille's taxable income? Answer is not complete. (1) (2) (3) Description Gross income For AGI deductions Adjusted gross income Standard deduction Itemized deductions Amount $ 127,000 6,500 $ 120,500 9,100 % 4,900 (5) (6) Taxable income
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