Daniel needs help determining is Taxable Income.

He has given you the following facts for 2020.

Daniel, lives in Idaho, and maintains a household for himself and his son age 9 years old that he rents in Hayden Lake. He provides full time support for his son and his son has lived with him full time since his ex-wife died 5 years ago.

Daniel works at Costco and received W-2 wages of $59,000

Bonus of $3,000

Short-term Stock Sale Gain of $750

Short-term Stock Sale Loss of -$350

Ordinary dividends of $600

Idaho income tax of $3,540

Property taxes of $8,000

Mortgage Interest $7,000

Donations $2,000

Out of Pocket Medical Expense $5,000

What is Daniel's taxable income for 2020?

43,725

42,185

40,925

44,350

44,530