4. Using the tax formula calculate the taxpayer's AGI for 2020. The taxpayer is single. Wages $60,000 Scholarship from the University (used for tuition) $ 8,000 State income taxes paid $8,500 Cash option taken from cafeteria plan $ 2,000 Expenses paid for airplane hobby $1,500 Legal expenses paid to reduce child support $10,000 Loss on sale of investment property sold to son $1,000 Cash charitable contribution $ 7,000 IRA contribution $5,000 Rental expenses $600