Stephen lives in the country of Snowland. Calculate his taxable income given that:

• he has $34,000 in a savings account which will earn interest at the rate of 4% per year; and
• he earns a salary of $57,000 per year;
• he has work related expenses of $3,000 per year that are an allowable deduction.

Your answer should be calculated to the nearest dollar ($ 0dp). Do not include a dollar sign in your answer.