Saul is single, age 25, and has gross income of $50,000. His bona fide deductible expenses are as follows:

Expenses paid on rental property owned by Saul 3,800

IRA Pension contribution 3,000

Interest paid on a student loan 1,200

What is Saul's AGI for 2023?

(a) $43,200

(b) $48,800

$50,000

(d) $42,000