Samuel Border, a 42 year old single tax filer, received a w-2 from his employer with federal, state and local taxable wages of $78000. His w-2 reflects $1560 (2% state income tax) and $780 (1% local income tax) withholdings. Samuel has no employer provided retirement plan and contributes $4300 to an individual retirement account at his local bank. He owns his own home and pays $11000 in mortgage interest and $5200 in real estate tax. Samuel is an avid dog lover and contributes $275 per month to his community animal shelter. Calculate Sam's Taxable Income.