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  3. blake, a divorced single, has a dividend income of

Blake, a divorced single, has a dividend income of $3,700 and a municipal interest income...

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Accounting

Blake, a divorced single, has a dividend income of $3,700 and a municipal interest income of $2,750. Blake earned a salary of $42,000. Blakes salary withheld for FICA was $3,213, $1,575 withheld for state income tax, and $3,500 withheld for Federal income tax. Blake also receive a gift of $20,000 from his father in 2019. Blake paid $3,000 alimony to his ex-wife (their divorce agreement was settled in 2016).

  1. Calculate Blakes gross income
  2. Blakes AGI
  3. Blakes taxable income
  4. Blakes tax liability

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