Lori is a single cash-method taxpayer on april 11 2013


Lori is a single, cash-method taxpayer . On April 11, 2013, Joyce paid $220 state income taxes with her 2012 state income tax return. During 2013, Lori had $2,600 in state income taxes withheld. On April 13, 2014, Lori paid $1,200 with her 2013 state tax return. During 2014, she had $1,850 in state income taxes withheld from her paycheck. Upon filing her 2014 tax return on April 15, 2015, she received a refund of $800 for excess state income taxes withheld. Lori has total AGI in 2015 and 2016 of $51,000 and $53,500, respectively. Lori also paid $4,210 in qualified residence interest.

What is her taxable income for 2015?

Adjusted Gross Income (AGI) : $

Minus deductions from AGI:

1.__________________ __       $

2._____________________      $

Taxable Income                        $

What is her AGI for 2016?

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Financial Accounting: Lori is a single cash-method taxpayer on april 11 2013
Reference No:- TGS01695626

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