Adam, Kelly and Alex formed the AKA Partnership, agreeing to share profits and losses equally. Adam will manage the business for which he will receive a guaranteed payment of $30,000 per year. Business activity for the year was as follows:

Net income from operations (before guaranteed payment)	$ 480,000
Guaranteed payment to Adam	30,000

Kelly is unmarried without dependents, has no other income, and has $13,000 itemized deductions. How much is Kelly's taxable income, if any?