i Data Table Medical 7,500 7,400 4,000 3,400 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: 1,700 Maintenance 1,100 Property taxes 800 Utilities 2,500 Depreciation 1,500 Insurance 500 Alimony payments to former wife (divorced July 21, 2018) 9,200 Done During 2020, Kaleb, 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 Kaleb's taxable income for the year? Select the labels and calculate Kaleb'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 i Data Table Income: 120,000 1,400 Salary Dividends from Alta Corporation Interest income from a savings account Rental income from a small apartment he owns Expenses: 1,800 10,500 Medical 7,500 7,400 Interest on a principal residence Real property taxes on the principal residence Charitable contributions 4,000 3,400 Loss from the sale of Delta Corporation stock (held for two years) Expenses incurred on the rental apartment: 1,700 Done