Question: Daniel needs help determining is Taxable Income. He has given you the following facts for 2019. Daniel, lives in Idaho, and maintains a household for

Daniel needs help determining is Taxable Income. He has given you the following facts for 2019. Daniel, lives in Idaho, and maintains a household for himself and his son age 9 years old that he rents in Hayden Lake. He provides full time support for his son and his son has lived with him full time since his ex-wife died 5 years ago.

Daniel works at Costco and received W-2 wages of $59,000

Bonus of $3,000

Short-term Stock Sale Gain of $750

Short-term Stock Sale Loss of -$350

Ordinary dividends of $130

Idaho income tax of $3,540

What is Daniel's taxable income for 2019?

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