eff Munroe has an annual salary of $$140,000$ and is not an active participant in a company$-$maintained retirement plan. He had the following financial transactions during the current tax year:

Received a $$100,000$ cash inheritance due to the death of his brother

Received unemployment compensation of $$2,000$

Had a Schedule C loss of $$10,000($assume material participation$)$

Made an IRA contribution of $$7,000$

Paid qualified student loan interest of $$2,000$

What is Jeff's total income for the current tax year?

A$)$

$$124,500$

B$)$

$$142,000$

C$)$

$$126,500$

D$)$

$$132,000$