58. jane smith, age 40, is single and has no dependents. she is employed as a legal sec- retary by legal services, inc. she owns and operates typing services located near the campus of florida atlantic university at 1986 campus drive. jane is a material participant in the business. she is a cash basis taxpayer. jane lives at 2020 oakcrest road, boca raton, fl 33431. jane's social security number is 123-45-6789. jane indi cates that she wants to designate $3 to the presidential election campaign fund. jane had health insurance for all months of 2016. during 2016, jane had the follow- ing income and expense items a. $100,000 s b. $20,000 gross receipts from her typing services business c· $700 interest income from third national bank d. $1,000 christmas bonus from legal services, inc. alary from legal services, inc. $60,000 life insurance proceeds on the death of her sister f. $5,000 check given to her by her wealthy aunt. g. $100 won in a bingo game. h. expenses connected with the typing service office rent supplies utilities and telephone wages to part-time typists payroll taxes equipment rentals $7,000 4,400 4,680 5,000 500 3,000 i. $9,500 interest expense on a home mortgage (paid to san jose savings and loan). j. $15,000 fair market value of silverware stolen from her home by a burglar on october 12, 2016. jane had paid $14,000 for the silverware on july 1, 2007. she was reimbursed $1,500 by her insurance company k. jane had loaned $2,100 to a friend, joan jensen, on june 3, 2013. joan declared bankruptcy on august 14, 2016, and was unable to repay the loan. assume that the loan is a bona fide debt legal services, inc., withheld federal income tax of $16,000 and the appropriate amount of fica tax from her wages 1. m. alimony of $10,000 received from her former husband, ted smith