The following information applies to Sadie Adler, who is single, for 2020:

Salary	$56,350
Interest income from First Bank of Lexington	1,500
Dividends from Watters Company stock	3,000
Contribution to a traditional IRA	4,000
Loan repayment from her friend	1,000
Capital loss from sale of personal vehicle	(2,300)
Number of potential dependents	?
Age	44

Mrs. Adler maintains a household for her sister, who has $9,000 from Social Security. In addition, Mrs. Adler's aunt lives with her and has income of $3,000.

Basic standard deduction table is attached below.

Indicate whether the following items are taxable or nontaxable to Mrs. Adler.

Salary	Taxableontaxable
Loan repayment from a friend	Taxableontaxable
Interest income	Taxableontaxable
Dividend income	Taxableontaxable

Identify whether the items are deductible (fully or partially) by Mrs. Adler.

Contribution to a traditional IRA	Deductibleondeductible
Capital loss from sale of personal vehicle	Deductibleondeductible

In the year 2020, what is Mrs. Adler's taxable income? Mrs. Adler's taxable income in 2020 is $____________.

From student, please explain the rules behind each answer. From my own calculation, I got the answer of $44,450 (56,350 + 1,500 + 3,000 - 4,000-12,400) for her taxable income (, but apparently that is incorrect according to McGrawHill. Please help me figure the correct answer and explain what I'm missing. Thank you, Mr. Chegg Expert!

Exhibit 3.4 Basic Standard Deduction Amounts Filing Status 2019 2020 Single $12,200 $12,400 Married, filing jointly 24,400 24,800 Surviving spouse 24,400 24,800 Head of household 18,350 18,650 Married, filing separately 12,200 12,400 Exhibit 3.4 Basic Standard Deduction Amounts Filing Status 2019 2020 Single $12,200 $12,400 Married, filing jointly 24,400 24,800 Surviving spouse 24,400 24,800 Head of household 18,350 18,650 Married, filing separately 12,200 12,400