For 2015, Sara, a single taxpayer, had only two sources of income: a $60,000 salary and $9,600 received in rental revenues. Her expenses are as follows: Alimony: $8,000 Charitable contributions 2,000 Contributions to a traditional IRA 3,000 Expenses paid on rental property 5,000 Federal income taxes withheld 9,000 Interest and taxes on personal residence 7,000 Moving expenses 3,200 State income taxes withheld 3,000 What is Sara’s taxable income for 2015? – Please show work and explanation of how the answer is achieved