Compute Emily’s 2019 taxable income on the basis of the following information. Her filing status is single.

Salary......................................................................................................$85,000
Interest income from bonds issued by Xerox.......................................1,100
Alimony payments received (divorce finalized in 2014).......................6,000
Contribution to traditional IRA................................................................5,500
Gift from parents....................................................................................25,000
Capital gain from stock investment, held for 7 months......................2,000
Amount lost in football office betting pool...............................................500
Age....................................................................................................................40