27.) Compute the taxable income for 2018 in each of the following independent situations: a.) Drew...

27.) Compute the taxable income for 2018 in each of the following independent situations:

a.) Drew and Meg ages, 40 and 41, respectively are married and file a joint return. In addition to four dependent children, they have AGI 125,000 and itemized deductions of 27,000.

b.)Sybil, age 40 is single and supports her dependent parents who live with her, as well as 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 10,650.

e.)Dale age 42 is divorced but maintains the home in which he and his daughter Jill live . Jill is single and qualifies as Dales dependent. Dale has AGI of 64,000 and itemized deductions of 9,900.

please show work for problems and answer all

Solutions

Expert Solution

GIVEN DATA:-

a.) Drew and Meg ages, 40 and 41, respectively are married and file a joint return. In addition to four dependent children, they have AGI 125,000 and itemized deductions of 27,000.

b.)Sybil, age 40 is single and supports her dependent parents who live with her, as well as 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 10,650.

e.)Dale age 42 is divorced but maintains the home in which he and his daughter Jill live . Jill is single and qualifies as Dales dependent. Dale has AGI of 64,000 and itemized deductions of 9,900.

REQUIRED:-

Compute the taxable income for 2018 .

SOLUTION:-

a:- DREW AND MEG :

b:- SYBIL:

c:-SCOTT & QUALIFYING WINDOWER:

d:- AMELIA & HEAD OF HOUSEHOLD:

e:- DALE HEAD OF HOUSE HOLD:

ekkarill92 answered 1 year ago

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