Austin, a single individual with a salary of $100,000, incurred and paid the following expenses during the year: Medical expenses $5,000 Alimony 24,000 Charitable contributions 2,000 Casualty loss on business property 8,000 Casualty loss on rental property 5,000 Personal casualty gains 3,000 Personal casualty losses (after $100 floor) 12,000 Nonbusiness bad debt 6,000 Mortgage interest on personal residence 4,500 Property taxes on personal residence 4,200 Moving expenses 2,500 Contribution to a traditional IRA 4,000 State income taxes 1,300 Unreimbursed employee expenses 2,500 Investment income 6,000 Investment expenses 8,000.

Calculate Austins AGI and taxable income.

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