Austin, a single individual with a salary of $100,00, had additional income as follows: Austin's employer provied him with lunch at a weekly meeting every friday; the meeting was held at his office. The value of the lunches is $1,000 for the year.

Austin also incurred and paid the following expenses durning 2012:

Medical expense $ 5,000

alimony 24,000

charitalbe 2,000

casualty loss ( after $100 floor) 1,000

mortgage interest on personal residence 4,500

property taxes on personal residence 4,200

moving expense 2,500

contribution to a traditional IRA 4,000

Sales taxes ( no state or local income tax is imposed) 1,300

1) in the $1,000 for meals taxable? why or why not?

2) Identify each expense as for AGI, from AGI, or not deductible

3) using the tax formula, provide a detailed calculation of Austin's taxable income. Your answermust use the tax formula!