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Ashley, who is age 45, earned a salary of $30,000 until she was permanently disabled while working at her County of Los Angeles Fire Department

Ashley, who is age 45, earned a salary of $30,000 until she was permanently disabled while working at her County of Los Angeles Fire Department job on July 4, 2014. She will receive 40% of her retirement benefits as disability income until she attains age 65. During 2014, she received disability payments in the amount of $23,000 for the period of July 5th through December 31, 2014. The county determined that the personal use of the County vehicle assigned to Ashley during 2014 was $1,500. She sold 100 shares of IBM for $6,000 which originally cost her $10,000. She won the 50/50 raffle at her church's annual fund raiser in the amount of $500 and her raffle tickets were purchased for $50. Her share of Can't Lose Partnership, Ltd. earnings was $5,000 but she received cash distribution of $7,000. SHe had interest income from County of Los Angeles Water Bonds in the amount of $1,000, interest from a B of A Certificate of Deposit of $800 and interest income from U.S saving bonds in the amount of $2,000. SHe made a traditional IRA contribution of $6,000. Her husband died in 2012. Ashley has a dependent son, Jay, who is age 10. Her itemized deductions are $9,500. She filed a lawsuit against the County of Los Angeles for her injuries as the result of lax security at the Fair Grounds and received compensatory damages of $200,000 and punitive damages of $10,000. Ignore the potential effects of any possible tax credits.

Calculate Ashley's taxable income for 2014.

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