Max (age 68) works as a salesman at a car dealership. In 2022, he earned $40,000 in wages and commissions. In addition, Max's boss gave him 2 tickets to a Patriots' game for meeting his sales targets. The tickets had a face value of $300 each. At the time Max received the tickets, the tickets were selling everywhere for $350 each. Max also has a lot of loans. Fortunately, the bank decided to forgive one of his loans, which was $20,000. At the time of the loan forgiveness, Max had total assets of $70,000, and total liabilities of $80,000. Given only the information in this problem, what is Max's taxable income in 2022? (10 points)