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During the year, Connor, age 66 had the following transactions: Salary $68,000 Interest Income on City of NY bonds $300 Damages received for personal injury

During the year, Connor, age 66 had the following transactions:

  • Salary $68,000
  • Interest Income on City of NY bonds $300
  • Damages received for personal injury from a car accident $150,000
  • Punitive damages (same car accident) $125,000
  • Cash dividends from Aqua Corp stock $2,500

Calculate Connor's taxable income for 2021.

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