Calculate Taxable Income for Teigen and Torquil Thomas Based on the following Information: Salary $300,000 Contribution to Health Savings Account $2,000 Teigens sister, Tia, repaid a $50,000 loan from 2014. Interest from State of North Dakota bond $20,000. Torquil won $10,000 at the Kentucky Derby Alphabet Dividends $30,000 Legal settlement for a business issue $20,000 Capital loss $40,000 Teigens mother,Tessa, gave her a $100,000 gift. Sole Proprietorship Net Income $70,000 Contribution to Individual Retirement Account $1,000 Partnership Income $60,000 Interest from Citigroup $20,000 Mortgage interest $90, 000, the $4, 000,000 mortgage was signed in 2018 Penalty for early withdrawal from timed savings account, $1,000. S Corporation income $20,000 Alimony paid $30,000, the divorce was signed in 2019. Contribution to American Heart Association $50,000 Bonus $30,000 Educator expenses $500 Medical expenses $50,000 Teigen found earrings worth $10,000 on the beach Torquil won $20,000, in a soccer pool. State income tax $20,000 Unemployment Compensation $20,000 Workmans compensation $20,000 Real estate tax $30,000 Torquil inherited $100,000, from his great grandfather, Trevor Self employment tax $8,000