A taxpayer, age 45, had the following for year 1:

W-2 income	$	110,000
Traditional IRA contribution		5,000
Coverdell Education Savings Account contribution		2,000
Qualifying medical expenses		12,000

The taxpayer does not participate in any pension or profit-sharing plan other than the traditional IRA. What is the taxpayer's adjusted gross income for year 1?

• $103,500

• $93,000

• $100,000

• $105,000