Joe was involved in a legal settlement. He was seeking damages for loss of income, expenses incurred, and punitive damages. Joe did not deduct any of the expense incurred due to this lawsuit. In 2020, his lawsuit was settled and he received $50,000 for loss of income, $25,000 for reimbursed expenses, and $30,000 for punitive damages. How much is taxable to Joe in 2020?

$55,000

$75,000

$80,000

$95,000