Problem 3-26 (LO. 1) Compute Alden's 2019 taxable income on the basis of the following information. Alden is married but has not seen or heard from his wife for over three years. $80,000 3,000 2,000 2,200 Salary Interest on bonds issued by City of Boston Interest on CD issued by Wells Fargo Bank Cash dividend received on Chevron common stock Life insurance proceeds paid due to the death of Aunt Margie (Alden was the designated beneficiary of the policy) Inheritance received on death of Aunt Margie Jackson (a cousin) repaid a loan Aiden made to him in 2013 (no interest was provided for) Itemized deductions (state income tax, property taxes on residence, interest on home mortgage charitable contributions) Number of dependents (children, ages 17 and 18: mother-in-law, age 60) 200,000 100,000 5,000 9,700 Age Click here to access the standard deduction table to use, if required. a. Indicate whether the items are taxable or not taxable to Aiden. Cash dividend received on Chevron common stock Taxable Salary Taxable Interest on bonds issued by City of Boston Not taxable Life insurance proceeds Not taxable Taxable Interest on a CD issued by Wells Fargo Bank Inheritance received on the death of his Aunt Margie Proceeds from repayment of a loan Not taxable Not taxable b. What is Aiden's filing status? Head of household c. Should Aiden itemize his deductions or take the standard deduction? He should take the standard deduction Please solve only part d for this assignment