Compute the taxable income for 2012 for Andrea on the basis of the following inf

Question

Compute the taxable income for 2012 for Andrea on the basis of the following information. Her filing status is single. Salary $90,000 Interest income from bonds issued by IBM 3,000 Alimony payments received 3,600 Contribution to traditional IRA 5,000 Gift from grandparents 30,000 Short-term capital gain from stock investment 3,000 Amount lost in football office pool (sports gambling is against the law where Andrea lives) 1,500 Number of potential dependents (two cousins, who live in Canada) ? Age 40

Explanation / Answer

taxable income is=$134000 i have solved it with all steps..if u need then just comment here and rate me

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