Home work Assignment 1. Calculate the taxable income for Daniella and Dermot Davis based on the following information for 2021 Married Joint filing status Salary $100,000 Sole proprietorship income $400,000 Dermot won $5,000 in fantasy Football The Davis' contributed $10,000 to Unicef Child support received $20,000 Contribution to Health Savings Account $2,000 US Treasury bill interest $40,000 Dermot found a diamond bracelet on the beach the fair market value of the bracelet was $20,000. Dividends received $60,000 Daniella won $1,000 in a pie bake off Workman's Compensation $20,000 Dermot won $10,000 in settlement of a business law suit. IRA contribution $3,000 Daniella's mother gifted her $40,000 in cash. Long Term Capital Gain $80,000