Fred, who is 19 years of age, is a student, and single, is claimed as a dependent on his parents' return. The following information is derived from his tax return for 2017:

Taxable interest and dividends $3,500

Salary from parttime job 2,400

Itemized deductions 1,270

Which of the following is not true?

a. Fred's taxable income is $3,200.

b. Fred will not itemize his deductions for the year.

c. $1,400 of the interest and dividends will be taxed at Fred's parents' marginal tax rate if it is higher than Fred's rate.

d. Fred's standard deduction is $2,750.