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Julie, an Unmarried Individual, Lives in a Home with Her

Question 64

Multiple Choice

Julie, an unmarried individual, lives in a home with her 13-year-old dependent son, Oscar. This year, Julie had the following tax information: Standard Deduction Table.  Salary$95,000 Interest and dividend income12,800Capital gain from sale of investments 11,000 Above-the-line deductions 6,900 Itemized deductions 6,900\begin{array}{llr} \text { Salary} &\$95,000\\ \text { Interest and dividend income} &12,800\\ \text {Capital gain from sale of investments } &11,000\\ \text { Above-the-line deductions } &6,900\\\text { Itemized deductions }&6,900\end{array}
Compute Julie's adjusted gross income (AGI) and taxable income.


A) AGI $118,000; taxable income $92,450
B) AGI $118,000; taxable income $90,900
C) AGI $118,000; taxable income $99,350
D) AGI $107,000; taxable income $88,700

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