During the year, Connor, age 66 had the following transactions: Salary $45,000 Interest Income on City of NY bonds $300 Damages from personal injury(car accident) $150,000 Punitive damages (same car accident) $225,000 Cash dividends from Aqua Corp stock $2,500 Calculate Connor's taxable income. Salary Punitive Damages Cash Dividends from Aqua $45,000 $225,000 $2,500 $272,500 Gross Income Less: Standard Deduction ($