Question
The following information applies to Emily for 2018. Her filing status is single. Salary $85,000 Interest income from bonds issued by Xerox 1,100 Alimony payments
The following information applies to Emily for 2018. 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 5,500
Gift from parents 25,000
Short-term capital gain from stock investment 2,000
Amount lost in football office pool (gambling loss) 500
Age 40
Emily has no gambling winnings this year.
Click here to access the standard deduction table to use.
Indicate whether the following items are taxable or nontaxable to Emily.
Emily's taxable income in 2018 is
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