Problem 2
2 . LO . 1 , 5 , 8 , 9 . During the year , Addison is involved in the following transactions :
• Lost money gambling on a recent trip to a casino
Problem 29
29 . LO . 1 Compute the taxable income for 2014 in each of the following independent situations :
a . Drew and Meg , ages 40 and 41 , respectively , are married and file a joint return . In addition to four dependent children , they have AGI of $ 65,000 and itemized deductions of $ 15,000