Jack, a single individual with a salary of $100,000, had additional income as follows: he was in a car accident and received compensatory damages for his broken nose in the amount of 25,000
Jack also incurred and paid the following expenses during 2014:
Casualty loss after $100 floor $1,000
Mortgage interest on personal residence 4,500
Medical expenses 5,000
Parking tickets 200
Alimony 24,000
charitable contributions 2,000
property taxes on personal residence 4,200
Federal income tax withheld 8,000
Moving expenses 2,500
contribution to a traditional IRA 4,000
Sales taxes 1,300
Provide a calculation of Jack’s 2014 taxable income
