Compute the taxable income for


1 Compute the taxable income for 2014 in each of the following independent situations:
a. Drew and Meg, ages 40 and 41, are married and file a joint return. In addition to three dependent children, they have AGI of $65,000 and itemized deductions of $15,000.
b. Sybil, age 40, is single and supports her dependent parents who live with her and also supports her grandfather who is in a nursing home. She has AGI of $80,000 and itemized deductions of $8,000.
c. Scott, age 49, is an abandoned spouse. His household includes two unmarried stepsons who qualify as his dependents. He has AGI of $75,000 and itemized deductions of $10,100.
d. Amelia, age 33, is a surviving spouse and maintains a household for her 3 dependent children. She has AGI of &58,000 and itemized deductions of $9,500.
e. Dale, age 42, is divorced but maintains the home in which he and his daughter, Jill, live. Jill is single and qualifies as Dale's dependent. Dale has AGI of $64,000 and itemized deductions of $9,900

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Accounting Basics: Compute the taxable income for
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