Wally, single and age 42, has the following items of income and expense for the current tax year (2019). Wages: $60,000. Interest: $1,000 Inheritance: $50,000 Alimony paid: $10,000 (2016 divorce decree). Child support paid: $8,000 Federal taxes paid: $5,000 State taxes paid: $2,000 Medical expenses: $7,500 What is his taxable income? 18