Compute the taxable

Compute the taxable

Compute the taxable income for 2012 for Andrea on the basis of the following information. Her filing status is single.

Salary	90000
Interest income from bonds issued by IBM	3000
Alimony payments received	3600
Contribution to traditional IRA	5000
Gift from grandparents	30000
Capital gain from stock investment, held for 7 months	30000
Amount lost in football office pool (sports gambling is illegal where	Â
Andrea lives)	1500
Number of potential dependents (two cousins, who live in Canada)	?
Age	40

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