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Hope is a marketing manager at a local company. Information about her 2019 income and expenses is as follows: Income received Salary $150,000 Taxes withheld

Hope is a marketing manager at a local company. Information about her 2019 income and expenses is as follows:

Income received

Salary

$150,000

Taxes withheld from salary:

Federal income tax $30,000

State income tax 8,000

Social Security tax 7,254

Medicare tax 2,175

Interest income from bank

6,000

Dividend income from U.S. stocks

4,000

Short-term capital gain

2,000

Long-term capital gain

3,000

State income tax refund from last year

500

Expenses paid:

Unreimbursed dental and eyecare costs

$1,800

Property taxes on her home

3,900

Fees paid to town for garbage pick-up

400

Stock donated to American Red Cross; FMV $5,000; purchased three years ago for $3,100

Dues paid to American Marketing Association

600

Subscription to professional marketing journals

300

Fee for preparation of 2018 tax return and IRS audit assistance

2,000

Investment advisor fee

1,000

Home mortgage interest

10,000

Interest on borrowing to purchase investment assets

11,000

Interest on car loan

1,100

What is her taxable income for 2019?

(that is all the information given)

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