Eric is single and has two dependent children. His financial records show the following items for the current tax year:

Gift from a friend $$12,000$

Dividends received on stock $$1,200$

Prize in state lottery $$1,000$

Salary from employer $$35,000$

Child support received from ex $$6,000$

Alimony received from ex $$12,000($divorced in $2016)$

What is Eric$$s total Adjusted Gross Income $($AGI$)$ for the current tax year?

Determine if each item is taxable or not, and then add up the taxable amounts. $($Remember the Federal Income Tax Formula.$)$