Alisha, who is single, owns a sole proprietorship in which she works as a management consultant. She maintains an office in her home where she meets with clients, prepares bills, and performs other work-related tasks. She purchased the home at the beginning of year 1 for $400,000. Since she purchased the home and moved into it, she has been able to deduct $10,000 of depreciation expenses to offset her consulting income. At the end of year 3, Alisha sold the home for $500,000.

What is the amount of taxes Alisha will be required to pay on the gain from the sale of the home? Alishas ordinary marginal tax rate is 32 percent. (Ignore the net investment income tax.)

Taxes to be paid___