Compute the taxable income for 2013 for Aiden on the basis of the following information. Aiden is married but has not seen or heard from his wife since 2011.

Salary $ 80,000

Interest on bonds issued by City of Boston $3000 Interest on CD issued by Wells Fargo Bank $2000 Cash dividend received on Chevron common stock $2200 Life insurance proceeds paid on death of aunt (Aiden was the designated beneficiary of the policy) $200,000

Inheritance received upon death of aunt $100,000 Jackson (a cousin) repaid a loan Aiden made to him in 2008 (no interest was provided for) $5000

Itemized deductions (state income tax, property taxes on residence, interest on home mortgage, and charitable contributions) $9000

Number of dependents (children, ages 17 and 18 and mother-in-law, age 70) 3

Age 43