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4. Ryan, age 67, has a salary of $85,000 and gave $1,500 to charity in 2020. He eamed interest of 8600 on a bond investment
4. Ryan, age 67, has a salary of $85,000 and gave $1,500 to charity in 2020. He eamed interest of 8600 on a bond investment issued by Fresno County. He sold some stock, which resulted in a long-term capital gain of $12,000. He also sold a camper that he has owned for 7 years, which he used when he would go out to Yosemite to rock climb. Since he no longer does rock climbing he sold the camper at a $6,000 loss. His state income tax is $3,000 and he pays $7,000 in mortgage interest and $1,000 in property tax on a home he purchased 15 years ago. What is Ryan's taxable income? Show your calculations and label each item or no credit will be given
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