Calculate courtneys taxable income assuming she claims

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Reference no: EM131511628

Courtney incurs and pays the following expenses during the current year:

Alimony of $30,000 to her former spouse, Alan (i.e. she paid this amount).

Child support of $12,000 to Alan for the care of their son, Victor.

Medical expenses of $10,000 for herself

Charitable contributions of $5,000 to her church.

Contribution to her traditional IRA of $4,000.

Mortgage interest on her residence of $9,000.

Property taxes on her residence of $1,200.

State income taxes for herself of $4,500.

Courtney’s only income is a $100,000 salary.

Calculate Courtney’s taxable income assuming she claims Victor as a deduction (I need to see the separation of “for” and “from” AGI).

Reference no: EM131511628

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