Compute the taxable income for 2012 for Andrea on the basis of the following information. Her filing status is single.
|
Salary |
90000 |
|
Interest income from bonds issued by IBM |
3000 |
|
Alimony payments received |
3600 |
|
Contribution to traditional IRA |
5000 |
|
Gift from grandparents |
30000 |
|
Capital gain from stock investment, held for 7 months |
30000 |
|
Amount lost in football office pool (sports gambling is illegal where |
|
|
Andrea lives) |
1500 |
|
Number of potential dependents (two cousins, who live in Canada) |
? |
|
Age |
40 |