Mark was employed during the first six months of the 2021 year and earned a $240,000 salary for the 6 months.

He was terminated from his job on 6/30/2021. He now gets an annual pension of $120,000 and he began to receive monthly payments on 7/1/2021.

Mark felt he was discriminated against due to his 67-year-old age and sued! He settled and received a two-part payment - $50,000 on 12/15/21 and another $50,000 on 1/15/22 to release all claims he had made in his lawsuit. Mark took $50,000 and bought an annuity to pay him $700 monthly, for 120 months, beginning on 12/15/2021. He started his social security benefit of $3,500 monthly on October 1, 2021, and now receives this $3,500 on the first of every month, for life. He borrowed 25,000 in May 2021 to pay his lawyers a retainer in connection with his lawsuit. In December 2021 he withdrew $2,000 from his bank savings account (including $200 interest earned this 2021 year). When he left his former employer at the end of June, he withdrew his retirement benefits (a qualified annuity) in a lump sum of $600,000, which he rolled over into a Traditional IRA. Calculate Georges adjusted gross income for the 2021 year