Jay Haim had a total income for the year of $165,000. during the year, he contributed $8,000 to an RRSP, $2,000 to RPP (from box 20 of all T$ slips), $2,450 toward union dues, and $40,000 toward child support based on written agreement established in 2016, and $3,000 fees for carrying charges and interest expenses. Calculate his taxable income for the year. (Show calculations)