Jane Smith, age 40, is single and has no dependents. She is employed as a legal secretary by Legal Services, Inc. She owns and operates Typing Services located near the campus of Florida Atlantic University at 1986 Campus Drive. Jane is a material participant in the business. She is a cash basis taxpayer. Jane lives at 2020 Oakcrest Road, Boca Raton, FL 33431. Jane's Social Security number is 123-45-6789. Jane indicates that she wants to designate $3 to the Presidential Election Campaign Fund. Jane had health insurance all months of 2014. During 2014, Jane had the following income and expense items. a. $100,000 salary from Legal Services, Inc. b. $20,000 gross receipts from her typing services business c. $700 interest income from Acme National Bank (1. $1,000 Christmas bonus from Legal Services, Inc. e. $60,000 life insurance proceeds on the death of her sister f. $5,000 check given to her by her wealthy aunt g. $100 won in a bingo game h. Expenses connected with the typing service: Office rent $7000 Supplies $4,400 Utilities and telephone $4,680 Wages to part-time typists $5,000 Payroll Taxes $500 Equipment rentals $3,000 1. $9,00 interest expense on a home mortgage (paid to San Jose Savings and Loan)