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sactions. 27. LO.1 Compute the taxable income for 2019 in each of the following independent situations: Drew and Meg, ages 40 and 41, respectively, In

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sactions. 27. LO.1 Compute the taxable income for 2019 in each of the following independent situations: Drew and Meg, ages 40 and 41, respectively, In addition to four dependent children, they have AGI of $125,000 and itemized deductions of $27,000. b. Sybil, age 40, is single and supports her dependent parents who live with her, as well as her grandfather who is in a and itemized deductions of $8,000. a. are married and file a joint return. nursing home. She has AGI of $80,000 Scott, age 49, is a surviving spouse. His household includes two unmarried stepsons who qualify deductions of $10, 100. . as his dependents. He has AGI of $75,000 and itemized d. Amelia, age 33, is an abandoned spouse who maintains a household for her three dependent children. She has AGI of $58,000 and itemized deductions of $10,650. Dale, age 42, is divorced but maintains the home in which he and his daughter, Jill, live. Jill is single and qualifies as Dale's dependent. Dale has AGI of $64,000 and itemized deductions of $9,900. Note: Problems 28 and 29 can be solved by referring to Concept Summary 3.1, Exhibits 3.1 through 3.5, and the discussion under Deductions for Adjusted Gross e. 29. LO.1 Compute the taxable income for 2019 for Aiden on the basis of the following information. Aiden is married but has not seen or heard from his wife since 2017. ction and Basic Tax Model $ 80,000 Salary Interest on bonds issued by City of Boston Interest on CD issued by Wells Fargo Bank Cash dividend received on Chevron common stock 3,000 2,000 2,200 Life insurance proceeds paid upon death of aunt (Aiden was the designated beneficiary of the policy) Inheritance received upon death of aunt Jackson (a cousin) repaid a loan Aiden made to him in 2013 (no interest was provided for) Itemized deductions (state income tax, property taxes on residence, interest on home mortgage, and charitable contributions) 200,000 100,000 5,000 9,700 yollo Number of dependents (children, ages 17 and 18, and mother-in-law, age 70) 3 43 Age

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