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Charles is a single person, age 35, wth no dependents. In 2023, Charles has gross income of 575,000 from his sole proprietorship. Charles also incurs

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Charles is a single person, age 35, wth no dependents. In 2023, Charles has gross income of 575,000 from his sole proprietorship. Charles also incurs 560,000 of deductble business expenses in connection with his proprietorship. Hite has interest and dividend income of 522,000 . Charles has $7,000 of iternized deductions. Charies's taxable income is : A. $17,000 B. $10,000. C. $3,150 D. none of the above

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