Rabbi Small received the following income for 2020: $50,000 annual salary, which includes $3,200 utility allowance, plus the use of a home owned by the temple, which has a fair rental value of $8,000. In addition, Rabbi Small earned $2,400 while working part-time at a local bookstore. How much income must Rabbi Small include as gross income for purposes of calculating his federal income tax?

$41,200

$60,400

$61,200

$63,000