Kevin is a single person who earns $70,000 in salary for 2019 and has other income from a variety of investments, as follows:

Bank savings account interest $5,500

Interest from State of Missouri Bonds 3,500

Dividends from XYZ Corp. 7,000

Kevin received tax refunds when he filed his 2018 tax returns in April 2019. His federal refund was $600 and his state refund was $300. Kevin included his state taxes paid in 2018 in his $14,000 of itemized deduction on his 2018 return. Due to changes in circumstances, Kevin is not itemizing deductions on his 2019 return.

Compute Kevin's taxable income for 2019.

Kevin is a single person who earns $70,000 in salary for 2019 and has other income from a variety of investments, as follows:

Bank savings account interest $5,500

Interest from State of Missouri Bonds 3,500

Dividends from XYZ Corp. 7,000

Kevin received tax refunds when he filed his 2018 tax returns in April 2019. His federal refund was $600 and his state refund was $300. Kevin included his state taxes paid in 2018 in his $14,000 of itemized deduction on his 2018 return. Due to changes in circumstances, Kevin is not itemizing deductions on his 2019 return.

Compute Kevin's taxable income for 2019.