# Page ref i2 10 and i2 11 objective 2 110 kate is

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Page Ref.:I:2-10 and I:2-11Objective:2110) Kate is single and a homeowner. In 2013, she has property taxes on her home of \$3,000, makes charitablecontributions of \$2,000, and pays home mortgage interest of \$7,000. Kate's adjusted gross income for 2013 is \$77,000.Required: Compute her taxable income for 2013.Page Ref.:I:2-11; Example I:2-3
Objective:2
111) In 2013, Sam is single and rents an apartment for which he pays \$800 per month and makes charitablecontributions of \$1,000. Sam's adjusted gross income is \$47,000.Required: Compute his taxable income. Show all calculations.Page Ref.:I:2-11; Example I:2-4
Objective:2112) Eliza Smith's father, Victor, lives with Eliza who is a single taxpayer. During the year, Eliza purchased clothingfor her father costing \$1,200 and provided him with a room that could have been rented for \$6,000. In addition, Elizaspent \$4,000 for groceries she shared with her father. Eliza purchased a new television for \$900 which she placed inthe living room for both her father and her use.What is the amount of support provided by Eliza to her father?Page Ref.:I:2-15; Example I:2-14
14Objective:2
113) The following information for 2013 relates to Emma Grace, a single taxpayer, age 18:Salary\$6,500Interest income1,200Itemized deductions500a.Compute Emma Grace's taxable income assuming she is self-supporting.b.Compute Emma Grace's taxable income assuming she is a dependent of her parents.Answer:
15

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Test, Taxation in the United States