During 2020, Kent, a 40-year-old single taxpayer, reports the following items of income and expense Click the icon to view the data.) Click the icon to view the standard deduction) Requirement The amounts above are before any limitations. What is Kent's taxable income for the year? Select the labels and calculate Kent's adjusted gross income, then calculate his taxable income. (For accounts with zero balances, select the label and enter a "0" Use a minus sign or parentheses for expenses and/or losses. Round any applicable AGI floors to the nearest whole dellat.) Income Adjusted gross income During 2020, Kent, a 40-year-old single taxpayer, reports the following items of income and expense Click the icon to view the data.) (Click the icon to view the standard deduction) Requirement The amounts above are before any limitations. What is Kent's taxable income for the year? Select the labels and calculate Kent's adjusted gross income, then calculate his taxable income. (For accounts with zero balances, select the label and enter a "0" Use a minus sign or parentheses for expenses and/or losses. Round any applicable AGI floors to the nearest whole dollar.) Income Adjusted gross income Reference STANDARD DEDUCTION Done Data Table $ 150,000 800 1,500 8,000 Income: Salary Dividends from Alta Corporation Interest income from a savings account Rental income from a small apartment he owns Expenses: Medical Interest on a principal residence Real property taxes on the principal residence Charitable contributions Loss from the sale of Delta Corporation stock (held for two years) Expenses incurred on the rental apartment: Maintenance Property taxes Utilities Depreciation Insurance Alimony payments to former wife (divorced July 21, 2018) 6,000 7,000 4,300 4,000 2,000 500 1,000 2,400 1,700 800 10,000