Mr. Cable, an unmarried individual, has the following income items:

Interest Income $14,800

Ordinary loss from an S Corporation ($8,700) - not passive

Ordinary income from an LLC $179,600 - not passive

He also has the following expenses:

Mortgage interest $6,200

State income tax $5,200

State sales tax $2,800

Real estate property tax $3,500

Charitable contributions $750

Required: You must show your work in order to receive credit.

Compute Mr. Cable's taxable income. Ignore any potential Qualified Business Income (QBI) deduction. Be sure to explain why you did or did not use the standard deduction in your calculation.