Calculate dazes taxable income if he files single

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Daze works as a sales representative and travels extensively for his employer'sbusiness. This year Daze was paid $98,000 in salary and made the following expenditures:

Federal income taxes withheld 10,000

State income taxes withheld 2,000

Medical expenses 1,000

Employee business expenses(unreimbursed portion)1,000

Charitable contributions 500

Investment counseling fees 800

Will preparation fee 500

Daze also made a number of trips to Connecticut for gambling. This year Daze won$2,000 after spending $14,500. Calculate Daze's taxable income if he files single with one personal exemption.

Reference no: EM131784061

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