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 |