Lane is single and has two children, ages 2 and 4, which he can claim as dependents (qualifying children). Financial records show the following items in the current year: Gift from a friend $12,000. Salary from employer $35,000 (Box 1 wages). How much is Lane's taxable income for federal income tax for the 2019 tax year? $422.800 $16,650 $10,600 $10.650