Question 1 Tax Formula & Tax Determination: Jacob, age 22, is a full-time undergrad student at University of Idaho and is claimed by his parents as a dependent. He lives away at school during the year and returns home to Washington for the summer, his parents pay more than half his support and his medical insurance. Jacob pays for his books and food at school but not his rent. During 2020, he received: 150 interest income from a bank savings account 650 dividend income from investment he held in his bank 10,900 income from a part-time job What is Jacobs taxable income for 2020?