Art, age 21, a full-time student at Western College, is claimed as a dependent by his parents. During 2020, he earned $1,600 from a summer job and $1,100 in interest from a savings account. Art's taxable income for 2020 is: O a. $700. O b. $1,100. c. $1,600. d. $2,700. O e. None of the above.