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The following information applies to Emily for 2 0 2 4 . Her filing status is single. Salary $ 8 5 , 0 0 0

The following information applies to Emily for 2024. Her filing status is single.
Salary $85,000
Interest income from bonds issued by Xerox 1,100
Alimony payments received (divorce occurred in 2014)6,000
Contribution to traditional IRA 7,000
Gift from parents 25,000
Gain from sale of stock investment 3,000
Amount lost in football office pool (gambling loss)500
Age 40
Emily has no gambling winnings this year.
Click here to access the Components of the tax formula to use.
Indicate whether the following items are taxable or nontaxable to Emily.
Salary
Gift from parents
Alimony payments received
Gain from sale of stock investment
Interest income from bonds issued by Xerox
Identify whether the items are deductible (fully or partially) by Emily.
Amount lost in football office pool
Contribution to a traditional IRA
Emily's taxable income in 2024 is WHAT? _____

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