Gross income computation: all items apply for 2021. Compute gross income for situation below:

Salary W2 Gross wage	134,500
Alimony and Child support paid in 2021	13,000
Interest on 3.75% 20 year US Treasury Bonds	3,250
Interest on NYS 4% General Obligation Bonds	2,500
Interest on N.J. 3.75% State Dormitory Bonds	5,000
Interest on CD Chase Bank	1,250
Private business - Gross Receipt	386,125
Business Expenses: Rent	125,000
Business Expenses Office Salaries	75,000
Business Expenses Payroll Taxes	15,475
Business Expenses Office Supplies	11,000
Business Expenses Advertisement	9,000
Business Expenses Utilities	8,000
Business Expenses Parking Violation Fines	2,350
Business Expenses Phone/Internet	3,000
Business Expenses Accounting Fees	12,000
Business Expenses Health Insurance Plan Employees	15,000
Business Expenses Office Maintenance & Repairs	5,000
Business Expenses Office Equipment	30,000
Business Expenses Travel	3,000
Business Expenses Cleaning Supplies	1,500
Business Expenses: Damages	90,000
Business Expenses Estimate Taxes	15,000
Unreimbursed Job-Related Expenses	200
Group Term Life Insurance	125,000
Unemployment Insurance - Wife	15,250
Unemployment Insurance federal tax- Wife	1,525
Retirement Contributions Traditional IRA account Husband	7,000
Retirement Contributions Traditional IRA account Wife	5,000
NYS Tax Refund Husband	2,350
Capital Stock Transactions IBM LOSS	15,000
Capital Stock Transactions TI GAIN	8,000
Capital Stock Transactions GE LOSS	20,000
Capital Stock Transactions AAPL GAIN	5,000
Capital Stock Transactions AMC LOSS	6,300
Sale of Principal Residence (taxable gain)	24000
Real Estate Taxes Paid	28,000
Personal Property Taxes Paid	8,000
Interest Expense: Interest on Home Mortgage	28,500
Interest Expense: Points on home mortgage	6,000
Interest Expense: Mortgage Insurance Premiums	8,500
Interest Expense: Interest Paid on Personal Loan	1,250
Charitable Contributions Church Tithes paid for 2022	25,000
Charitable Contributions Prior year carry forward charitable contributions	12,000
Donations of Property: Cost	12,000
Donations of Property: FMV	25,600
Gambling losses	22,500
QC_1 income	25,500
QC_1 tuition	12,500
QC_1 scholarship	11,500
QC_1 Interest from Bank	2,400
QC_2 income	4,400
QC_3 income	0
Qualified dividend	2,650
Wife debt forgiveness	1,500
Daycare paid for QC_3	3,400