Problem 6-34 (Algorithmic) (LO. 1) Daniel, age 38, is single and has the following income and expenses in 2021: Salary income Net rent income $105,000 22,500 Dividend income Payment of alimony (divorce finalized in March 2019) 900 26,000 Mortgage interest on residence 8,300 Property tax on residence 2,200 Contribution to traditional IRA (assume the amount is fully deductible) 4,500 Contribution to United Church 1,500 Loss on the sale of real estate (held for investment) 1,575 Medical expenses 5,300 State income tax 2,100 Federal income tax 7,100 Daniel's standard deduction for 2021 is $12,550.