Carl works as a sales representative and travels extensively for his employer's business. This year Carl was paid $98,000 in salary and made the following expenditures: Federal income taxes withheld 10,000 State income taxes withheld 5,000 Medical expenses 1,000 Employee business expenses (unreimbursed portion) 1,000 Charitable contributions 500 Investment counseling fees 800 Will preparation fee 500 Carl also made a number of trips to Connecticut for gambling. This year Carl won $5,000 after spending $18,500. Calculate Carl's taxable income if he files single with one personal exemption