Kenny Banya, a single father with three dependent children living with him, earned $90,000 in salary in 2018 as a risk management consultant. He also had the following during the year:
Received $500 in interest income
Paid $7,500 in mortgage interest
Paid $3,500 in interest on his personal vehicle loan
Paid $1,500 in state income taxes
Donated $11,000 in cash to charity
Calculate Kenny's TAXABLE INCOME for 2018.
a) $66,500
b) $67,000
c) $67,500
d) $68,000