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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 Data Table he Income: $ 180,000 1,200 Salary Dividends from Alta Corporation Interest income from a savings account Rental income from a small apartment he owns Expenses: 1,800 7,000 Medical 6,700 6,300 Interest on a principal residence Real property taxes on the principal residence 4,900 Charitable contributions 3,400 2,500 Loss from the sale of Delta Corporation stock (held for two years) Expenses incurred on the rental apartment: Maintenance 900 Property taxes 1,100 Utilities 2,800 Depreciation 1,200 Insurance 300 Alimony payments to former wife (divorced July 21, 2018) 9,800 Done STANDARD DEDUCTION Filing Status Married individuals filing joint returns and surviving spouses $ 24,800 Heads of households $ 18,650 $ 12,400 $ 12,400 Unmarried individuals (other than surviving spouses and heads of households) Married individuals filing separate returns Additional standard deduction for the aged and the blind; Individual who is married and surviving spouses Additional standard deduction for the aged and the blind; Individual who is unmarried and not a surviving spouse Taxpayer claimed as dependent on another taxpayer's return: Greater of (1) earned income plus $350 or (2) $1,100. $1,300* $1,650* * These amounts are $2,600 and $3,300, respectively, for a taxpayer who is both aged and blind