30. LO.1, 8 Compute the taxable income for 2014 for Emily on the basis of the following information. Her filing status is single. Salary $85,000 Interest income from bonds issued by Xerox 1,100 Alimony payments received 6,000 Contribution to traditional IRA 5,500 Gift from parents 25,000 Short-term capital gain from stock investment 2,000 Amount lost in football office pool (sports gambling is against the law where Emily lives) 500 Number of potential dependents (two cousins, who live in Canada) ? Age 40