Compute the taxable income for 2018 for Emily 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 occurred in 2014) ...................      6,000
Contribution to traditional IRA .............................................................      5,500
Gift from parents ...................................................................................    25,000
Short-term capital gain from stock investment .................................      2,000
Amount lost in football office pool ......................................................         500
Age ...........................................................................................................           40