During 2019, Sara, a single taxpayer (divorced in 2018), reported the following items of income and expenses:

Income:

Salary = $84,000

Dividend income= $800

Bank account interest = $150

Capital gain on stock owned less than one year = $3,000

Revenue from sole proprietorship business (jewelry sales)= $14,500

Expenses/losses:

Alimony paid= $12,000

Interest on principal residence= $8,000

Real estate taxes on principal residence= $2,000

Capital loss on stock owned less than one year = $8,000

Expenses related to sole proprietorship:

Rent= $6,000

Supplies = $2,400

Legal fees= $700

Depreciation= $1,200

Compute Saras taxable income and type your answer in the text box. Show support for your work on your scratch paper in order to earn credit.