15. Taxable Income. Using the information in problem 14, if Tracy's standard deduction is $6,300 and her exemption is $4,000, what is her taxable income? 14. Itemized Deductions. Tracy is single and had an adjusted gross income of $37,000 in 2015.Tracy also has the following items: $3,000 Unreimbursed medical expenses 1,850 3,040 1,200 State income tax Interest expense (first mortgage) Interest expense (second mortgage) 700 Real estate tax Interest expense -car loan Interest expense- cred it card Gifts to charity 550 125 300