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The following information applies to Jasmine, who is single, for 2018: ...

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Accounting

The following information applies to Jasmine, who is single, for 2018:

Salary $56,000
Interest income from First Bank of Lexington 1,500
Dividends from Watters Company stock 3,000
Contribution to a traditional IRA 4,000
Loan repayment from her friend 1,000
Capital loss from sale of personal vehicle (2,300)
Number of potential dependents ?
Age 44

Jasmine maintains a household for her sister, who has $9,000 from Social Security. In addition, Jasmine's aunt lives with her and has income of $3,000.

Click here to access the standard deduction table to use.

Indicate whether the following items are taxable or nontaxable to Jasmine.

Salary
Loan repayment from a friend
Interest income
Dividend income

Identify whether the items are deductible (fully or partially) by Jasmine.

Contribution to a traditional IRA
Capital loss from sale of personal vehicle

Jasmine's taxable income in 2018 is $.

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