Karen is single. Last year she earned $37,300 in wages. Additional tax information for the year is as follows: interest earned: $135; capital gains from sale of stock: $1,650; penalty on early withdrawal of savings: $300; contributions to Keogh retirement fund: $1,800; real estate taxes paid: $3,000; mortgage interest paid: $3,200. The following table gives the standard deduction for various filing statuses. Find the taxable income for the year. $24,985 $27,085 $38,950 $39,085