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2. Monica (age 66) is single, earns a salary of $105,000, contributes $5,000 to a traditional IRA, and receives sales proceeds of $15,000 for an

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2. Monica (age 66) is single, earns a salary of $105,000, contributes $5,000 to a traditional IRA, and receives sales proceeds of $15,000 for an RV that cost $55,000, purchased 5 years ago, and was used for family vacations. Monica also had interest income from a savings account of $500 and received an inheritance of $50,000 from her deceased aunt. She has $10,200 in itemized deductions. Compute Monica's 2020 tax liability

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