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Mike, single, age 31, reports the following items for 2019: Salary $50,000 Nonbusiness bad debt (6,000) Casualty Asset A (personal use property held for two

Mike, single, age 31, reports the following items for 2019: Salary $50,000 Nonbusiness bad debt (6,000) Casualty Asset A (personal use property held for two years) gain 3,000 Dividends 2,000 Interest expense on personal residence 10,000 Assuming the stand deduction is $12,200, compute Mike's taxable income for 2019image text in transcribed

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