Steve Greene, Age 66, Is Divorced with No Dependents $\begin{array}{llcc} \text { Gross income from salary } &\$80,000\\ \text { Total itemized deductions } &5,500\\\end{array}$

Essay

Steve Greene, age 66, is divorced with no dependents. In 2016 Steve had income and expenses as follows:
$\begin{array}{llcc} \text { Gross income from salary } &\$80,000\\ \text { Total itemized deductions } &5,500\\\end{array}$
Compute Steve's taxable income for 2016. Show all calculations.