(29) Compute the taxable income for 2013 for Emily on the basis of the following information. Her filling is single. Salary

(29) Compute the taxable income for 2013 for Emily on the basis of the following information. Her filling is single.

Salary $85,000

Interest income from bonds issued by Xerox $1,100

Alimony payments received $6,000

Contribution to traditional IRA $5,500

Gift from parents $25,000

Capital gain from stock investment, held for 7months $2,000

Amount lost in office pool (sport gambling is illegal where

Emily lives) $500

Number of potential dependents (two cousins, who live in Canada) ?

Age 40

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