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Compute the taxable income for 2014 in each of the following independent
situations:
a. Drew and Meg, ages 40 and 41, respectively, are married and file a joint return. Inaddition to four dependent children, they have AGI of $65,000 and itemized deduc-tions of $15,000.
b. Sybil, age 40, is single and supports her dependent parents who live with her, as wellas her grandfather who is in a nursing home. She has AGI of $80,000 and itemized deductions of $8,000.
c. Scott, age 49, is a surviving spouse. His household includes two unmarried stepsons who qualify as his dependents. He has AGI of $75,000 and itemized deductions of $10,100.
d. Amelia, age 33, is an abandoned spouse who maintains a household for her three dependent children. She has AGI of $58,000 and itemized deductions of $9,500.
e. Dale, age 42, is divorced but maintains the home in which he and his daughter, Jill, live.JillissingleandqualifiesasDale'sdependent.DalehasAGIof$64,000anditemized deductionsof$9,900.

Taxation, Accounting

  • Category:- Taxation
  • Reference No.:- M9868927

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