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During 2023, Mark, who is single with no dependents had the following transactions: The standard deduction for single filers in 2023 was $13,850. Salary $70,000

During 2023, Mark, who is single with no dependents had the following transactions:

The standard deduction for single filers in 2023 was $13,850.

Salary $70,000
Interest income on IBM bonds 1,000
Interest paid on student loans 1,000
Contribution to traditional IRA 2,500
Itemized deductions 10,500

Mark's taxable income is:

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