Compute Emily’s 2015 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 ………………………………………………..............       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

Number of potential dependents (two cousins, who live in Canada) ……....   ?

Age ……………………………………………………………………….. .....................................  40