What''s barb''s taxable income


Barb (age 55) is divorced and lives with her 16-year old daughter, Katie. Barb worked as a massage therapist and earned $45,000 in 2013. Katie is in high school, and earned $5,000 babysitting in 2013. katie's dad, Don, pays $400 per month in child support payments to Barb. Barb provede more than half the costs of keeping up the home. Barb put $1,000 into an IRA in 2013. Barb owns her home. She paid $5,000 in mortgage interest and $1,000 in real property taxes in 2013. Barb paid $2,250 in state income taxes in 2013. What's Barb's filing status? What's Barb's total income? What is Barb's AGI? Should Barb use the standard deduction or should she itemize her deductions? What's the amount of her deduction? What's Barb's taxable income? What nonrefundable credit is Barb eligible for based on the information you have?

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Accounting Basics: What''s barb''s taxable income
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