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2. Calculate taxable income for David (filing status - single, age 37, no dependents) based on the following information: Salary Interest earned on bank savings

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2. Calculate taxable income for David (filing status - single, age 37, no dependents) based on the following information: Salary Interest earned on bank savings account Interest earned on municipal bond Alimony payments made Child support payments made Gift received from parents Bonus received from work Itemized Deductions $75,000 $ 5,000 $ 4,000 $ 8,000 $12,000 $20,000 $10,000 $ 4,500

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