For 2015 sara a single taxpayer had only two sources of


Question - For 2015, Sara, a single taxpayer, had only two sources of income: a $60,000 salary and $9,600 received in rental revenues. Her expenses are as follows:

Alimony: $8,000

Charitable contributions 2,000

Contributions to a traditional IRA 3,000

Expenses paid on rental property 5,000

Federal income taxes withheld 9,000

Interest and taxes on personal residence 7,000

Moving expenses 3,200

State income taxes withheld 3,000

What is Sara's taxable income for 2015?

Solution Preview :

Prepared by a verified Expert
Accounting Basics: For 2015 sara a single taxpayer had only two sources of
Reference No:- TGS02857057

Now Priced at $20 (50% Discount)

Recommended (95%)

Rated (4.7/5)