During the current year, Angela sustains serious injuries from a snow skiing accident. She incurs the following expenses:
- Item Amount
- Doctor bills $11,700
- Hospital bills 9,400
- Legal fees in suit against ski resort 3,000
Angela is single and has no dependents. During the current year, her salary is $58,000. She pays $600 in medical and dental insurance premiums, $2,750 in mortgage interest on her home, and $1,200 in interest on her car. Her health insurance provider reimburses her for $10,000 of the medical expenses. What is her current year taxable income?What is her current year taxable income? Show all Calculations.