Emilys taxable income in 2018 is how much

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Question

The following information applies to Emily's 2018 taxable income. Her filing status is single.

Salary $85,000

Interest income from bonds issued by Xerox 1,100

Alimony payments received (divorce finalized in 2014) 6,000

Contribution to traditional IRA 5,500

Gift from parents 25,000

Capital gain from stock investment, held for 7 months 2,000

Amount lost in football office betting pool 500

Age 40

Emily has no gambling winnings this year.

Emily's taxable income in 2018 is how much?

Reference no: EM132367933

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