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The following information applies to Jasmine, who is single, for 2018: Salary $56,000 Interest income from First Bank of Lexington 1,500 Dividends from Watters Company

The following information applies to Jasmine, who is single, for 2018:

Salary$56,000
Interest income from First Bank of Lexington1,500
Dividends from Watters Company stock3,000
Contribution to a traditional IRA4,000
Loan repayment from her friend1,000
Capital loss from sale of personal vehicle(2,300)
Number of potential dependents?
Age44

Jasmine maintains a household for her sister, who has $9,000 from Social Security. In addition, Jasmine's aunt lives with her and has income of $3,000.

Click here to access the standard deduction table to use.

Indicate whether the following items are taxable or nontaxable to Jasmine.

SalaryTaxable
Loan repayment from a friendNot taxable
Interest incomeTaxable
Dividend incomeTaxable

Identify whether the items are deductible (fully or partially) by Jasmine.

Contribution to a traditional IRADeductible
Capital loss from sale of personal vehicleNot deductible

Jasmine's taxable income in 2018 is $. ?

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