Reference no: EM131292908
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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