SHOW ALL YOUR WORK Calculate Taxable income for Bitty Buchannan for 2020. Bitty is a head of household. Salary $100,000 Bitty's brother Beau paid back a $70,000 loan from 2016 State of lowa Bond interest $10,000 Treasury bond interest S5,000 Bitty's mother Bertha gave her a gift of $100,000 cash Capital loss S10,000 Bitty inherited S200,000 from her great grandfather Boris NIKE dividends $15.000 Sole Proprietorship net income from Paint Store $50,000 Unemployment compensation $30,000 Workmen's compensation $40,000 Bitty was the beneficiary of great grandmother's life insurance policy and received $150,000 Bitty received a legal settlement of $80.000 from a fall at Macy's Bitty found a bracelet worth $5,000 on the beach. Bitty won $20,000 in a cake baking contest. Child support received $40,000 Alimony received $50,000 the divorce was signed in 2010. Bitty won $20,000 at the race track State Income tax $10,000 Real Estate tax $20,000 Contribution to health Savings Account $2,000 Medical expenses $40,000 Contribution to qualified individual retirement account $1,000 Student loan interest paid $1,000 Mortgage interest $70,000, the $2,250,000 mortgage was signed in 2007 Self Employment tax $4.000 Educator Expenses $1,000 Contribution to American Heart Association $30.000 Penalty for early withdrawal from a timed savings account $1.000