Lane. age 30, is single and has two children, ages 2 and 4, which he can claim as dependents (qualifying children). Financial records show the following items in 2020: Gift from a friend $12,000. Salary from employer $35,000 (Box 1 wages), Taxable interest, $10,000. Assume no adjustments to gross income. Lane had $1,000 withheld from his 2020 pay for federal income taxes. How much is Lanes taxable income (1040 Line 15) for federal income tax for the 2020 tax year, assuming he files as a head of household?