UNLESS OTHERWISE DIRECTED, ASSUME A 2020 TAX YEAR FOR THE PROBLEM. 8. Nancy (single, age 26) earned a salary of $70,000 during the current tax year. She also had the following expenses: Unreimbursed Job Related Expenses $4,000 Contribution to Traditional IRA $2,500 Interest Paid on Student Loans $3,000 Interest Paid on Credit Cards $1,000 Nancy is not an active participant in an employer-sponsored retirement plan. Calculate Nancy's TI for the current tax year. UNLESS OTHERWISE DIRECTED, ASSUME A 2020 TAX YEAR FOR THE PROBLEM. 8. Nancy (single, age 26) earned a salary of $70,000 during the current tax year. She also had the following expenses: Unreimbursed Job Related Expenses $4,000 Contribution to Traditional IRA $2,500 Interest Paid on Student Loans $3,000 Interest Paid on Credit Cards $1,000 Nancy is not an active participant in an employer-sponsored retirement plan. Calculate Nancy's TI for the current tax year