During 2023 , Kenneth, a 40 -year-old single taxpayer, reports the following items of income and expense: View the data. View the standard deduction. Requirement The amounts above are before any limitations. What is Kenneth's taxable income for the year? Select the labels and calculate Kenneth's adjusted gross income. then calculate his taxable income. (For accounts with zero balances, select the label and enter a " " Use a minus sign or parentheses for expenses and/or losses. Round any applicable A GI foors to the nearest whole dollar.) Income: Adjusted gross income Income: Salary $ 110,000 Dividends from Alta Corporation Interest income from a savings account Rental income from a small apartment he owns 1,400 1,000 10,000 Expenses: Medical Interest on a principal residence Real property taxes on the principal residence Charitable contributions 4,500 6,600 4,800 Loss from the sale of Delta Corporation stock 3,400 (held for two years) 1,500 Expenses incurred on the rental apartment: Maintenance Property taxes Utilities Depreciation Insurance Alimony payments to former wife (divorced July 21, 2018) 700 1,200 2,100 1,800 500 9,800 Filing Status Married individuals filing joint returns and surviving spouses Heads of households Unmarried individuals (other than surviving spouses and heads of households) Married individuals filing separate returns Additional standard deduction for the aged and the blind; Individual who is married and surviving spouses Additional standard deduction for the aged and the blind: Individual who is unmarried and not a surviving spouse Taxpayer claimed as dependent on another taxpayer's return: Greater of (1) earned income plus $400 or (2)$1,250. $27,700 \$ 20,800 \$ 13,850 \$ 13,850 $1,500 51,850 These amounts are $3,000 and $3,700, respectively, for a taxpayer who is both aged and blind