In 2018, George, a single individual received taxable wages from his job of $52,000. He also sold his personal vehicle for $4,000 that he originally paid $6,000 to purchase. George also received an inheritance from his grandmother in the amount of $100,000. His itemized deductions total $8,500 for the entire year. George had no other investments or income for the year. What is Georges Taxable Income?

1. $37,800

2. $38,000

3. $39,800

4. $42,800

5. $48,000

6. $56,000

7. $137,800

8. $139,800

Please show work on how to calculate taxable income. Answer is $39,800, but do not understand. I keep getting a different calculation.