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Darius, an unmarried individual, lived with his 15 year old daughter, Jackie, during all of...

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Accounting

Darius, an unmarried individual, lived with his 15 year old daughter, Jackie, during all of 2021. For 2021, he had the following tax information:

Wages $110,000

Interest income 3,500

Lottery winnings 10,000

Short-term capital gain 4,000

Self-employment income 4,500

Life insurance proceeds received 50,000

Net rental income 12,000

Gift received from mom 15,000

Self-employment tax paid 636

Alimony paid

(divorce was finalized on 2/15/2019) 7,000

Speeding ticket paid 400

Grocery bill (monthly) 500

Itemized deductions 15,500

Calculate Darius's taxable income and tax liability for 2021.

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