Compute the taxable income for 2013 for Emily on the basis of the following information. Her filling is single.
Salary $85,000
Interest income from bonds issued by Xerox $1,100
Alimony payments received $6,000
Contribution to traditional IRA $5,500
Gift from parents $25,000
Capital gain from stock investment, held for 7months $2,000
Amount lost in office pool (sport gambling is illegal where
Emily lives) $500
Number of potential dependents (two cousins, who live in Canada) ?

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      emily_tax_computation.xlsx