10. LO.1, 2, 3 Compute the taxable income for 2021 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 6,000 Gift from parents 25,000 Short-term capital gain from stock investment 2,500 Amount lost in football office pool 500 Age 40