What is camilles taxable income

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Reference no: EM133573772

Question

Camille Sikorski was divorced in 2018. She currently provides a home for her 15-year-old daughter Kaly. Kaly lived in Camille's home for the entire year, and Camille paid for all the costs of maintaining the home. Camille received a salary of $77,500 and contributed $5,100 of it to a qualified retirement account (a for AGI deduction). She also received $10,500 of alimony from her former husband (per divorce decree issued in 2018). Finally, Camille paid $16,200 of expenditures that qualified as itemized deductions. (Use the tax rate schedules.) c. Assume the original facts but now suppose Camille's daughter, Kaly, is 25 years old and a full-time student. Kaly's gross income for the year was $6,200. Kaly provided $3,720 of her own support, and Camille provided $6,200 of support. What is Camille's taxable income?

Reference no: EM133573772

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