Calculate Adjusted Gross Income. John Smith is single-for 2020 Calculate Taxable Income Salary Dividend income 60,000 6,000 Rental Income 16,000 Rental Expenses Payment of Alimony Contribution to traditional IRA 6,000 4,000 Property taxes on house Interest on house 5,000 7,500 15,000 30,000 Medical Expenses State income Taxes 6,500 400 Traffic Ticket for over speeding Bribary to Police Officer Should he itemize or use standard deduction? 500