Suppose you are helping your sibling who is an elementary school teacher and they had the following for the most recent year: Gross income $48,712 Educator Expenses $3,000 Contributions to a Health Savings Account $2,000 Student loan interest $3,435 Contribution to a traditional IRA $2,000 Total itemized deductions $9,000 Standard deduction $12,400 Marginal tax bracket 12% What would be their Adjusted Gross Income (AGI)