Alex, who is single and works as a caddie at a country club, ask you to help her calculate her tax liability. She tells you about the following transactions: She earned $32,000 in wages from the country club, $1,000 of interest income from a savings account. In addition, Alex had a $5,000 L/T capital loss carry forward and gained $20,000 on the sale of a stock. Alex purchased the shares on insider information (an illegal activity) and owned for stock 5 days. In June of the current year, Alex's inherited a 1,000 shares of IBM stock from her aunt. The stock FMV at the time of death was $47,000. Her aunt's basis was $5,000. At the end of the year, the stock had appreciated to $75,000, but Alex did not sell his shares. He had itemized deductions that totaled $9,000. What is Alex's tax liability?