please complete the net taxable income.

During the current year, Tom takes out a $80,000 loan, using Tom also reports the following for the year. stock he owns as collateral. He uses $24,000 to purchase a car, which he uses 100% for personal use. He uses the (Click the icon to view the information.) remaining funds to purchase stocks and bonds. He pays (Click the icon to view the standard deduction $6,400 interest on the loan schedule.) Read the requirement Begin by calculating the adjusted gross income (AGI). (If an input field is not used in the table, leave the input field empty; do not select a label or enter a zero.) NA Adjusted gross income (AGI) During the current year, Tom takes out a $80,000 loan, using stock he owns as collateral. He uses $24,000 to purchase a car, which he uses 100% for personal use. He uses the remaining funds to $6,400 interest on More Info Tom also reports the following for the year: (Click the icon to view the information.) Yeduction s ut field empty: do Begin by calculatin not select a label AGI without any investment income State income taxes paid Dividend incomo Interest income Qualified residence interest Investment expenses (exclusive of interest) Net short term capital gains Net long term capital gain 140,000 8,800 9,500 3,000 8,200 8,500 7,300 8,200 Adjusted gross ind During the current year, Tom takes out a $80,000 loan, using stock he owns as collateral. He uses $24,000 to purchase a car, which he uses 100% for personal use. He uses the remaining funds to $6,400 interest on More Info Tom also reports the following for the year: (Click the icon to view the information.) Yeduction s ut field empty: do Begin by calculatin not select a label AGI without any investment income State income taxes paid Dividend incomo Interest income Qualified residence interest Investment expenses (exclusive of interest) Net short term capital gains Net long term capital gain 140,000 8,800 9,500 3,000 8,200 8,500 7,300 8,200 Adjusted gross ind - X During the current year, Tom takes out a $80,000 loan, using Tom also reports the following for the year stocl car, Schedule of Standard Deductions $6.4 remd do Begi not Married individuals filing joint returns and surviving spouses $ 24,800 Heads of households $ 18,650 Unmarried individuals (other than surviving spouses and heads of households) $ 12,400 Married individuals filing separate returns $ 12,400 Additional standard deduction for the aged and the blind; Individual who is married and surviving spouses $1,300- Additional standard deduction for the aged and the blind; Individual who is unmarried and not a surviving spouse $1,650 Taxpayer claimed as dependent on another taxpayer's return: Greater of (1) earned income plus $350 or (2) S1,100. These amounts are $2,600 and $3,300, respectively, for a taxpayer who is both aged and blind Adjy During the current year, Tom takes out a $80,000 loan, using Tom also reports the following for the year: stock he owns as collateral. He uses $24,000 to purchase a (Click the icon to view the information.) car, which he uses 100% for personal use. He uses the remaining funds to purchase stocks and bonds. He pays (Click the icon to view the standard deduction $6,400 interest on the loan. schedule Requirement e input field empty: do Begin by calculating the not select a label or en Tom is single. What is his net taxable income? Print Done Adjusted gross income (AGI)