29. LO.1 Compute the taxable income for 2018 for Aiden on the basis of the following information. Aiden is married but has not seen or heard from his wife since 2016. Salary Interest on bonds issued by City of Boston Interest on CD issued by Wells Fargo Bank Cash dividend received on Chevron common stock Life insurance proceeds paid upon death of aunt (Aiden was the 80,000 3,000 2,000 2,200 designated beneficiary of the policy) 200,000 100,000 Inheritance received upon death of aunt Jackson (a cousin) repaid a loan Aiden made to him in 2012 (no interest was provided for) 5,000 Itemized deductions (state income tax, property taxes on residence, interest on home mortgage, and chaitable contributions) 9,700 Number of dependents (children, ages 17 and 18, and mother-in-law, age 70) 43