During $2023,$ Kory, a $40-$year$-$old single taxpayer, reports the following items of income and expense: View the income data. View the expense data. View the standard deduction. Requirement The amounts above are before any limitations$.$ What is Kory's taxable income for the year? You will check your answer after completing the first section before moving on to the next section of the calculation. Start with calculatingKory's adjusted gross income. Next you will calculate his taxable income. $($For accounts with zero balances, select the label and enter a $"0".$ Use a minus sign or parentheses for expenses and$/$or losses. Round any applicable adjusted gross income $($AGI$)$ floors to the nearest whole dollar.$)$ Income: Adjusted gross income Income Expenses $\backslash$begin$\{$tabular$\}\{$lrr$\}$

$\backslash$hline $\backslash$multicolumn$\{1\}\{$c$\}\{$ Filing Status $\}$ & $\backslash$begin$\{$tabular$\}\{$c$\}$

Standard $\backslash \backslash$

Deduction

$\backslash$end$\{$tabular$\}\backslash \backslash$

$\backslash$hline Married individuals filing joint returns and surviving spouses & $\backslash (\backslash$$ $\backslash )$ & $27,700\backslash \backslash$

$\backslash$hline Heads of households & $\backslash (\backslash$$ $\backslash )$ & $20,800\backslash \backslash$

$\backslash$hline Unmarried individuals $($other than surviving spouses and heads of households$)$ & $\backslash (\backslash$$ $\backslash )$ & $13,850\backslash \backslash$

$\backslash$hline Married individuals filing separate returns & $\backslash (\backslash$$ $\backslash )$ & $13,850\backslash \backslash$

$\backslash$hline Additional standard deduction for the aged and the blind; Individual who is married and & $\backslash (\backslash$$ $1,500^\{*\}\backslash )\backslash \backslash$

surviving spouses & $\backslash (\backslash$$ $1,850^\{*\}\backslash )\backslash \backslash$

$\backslash$hline Additional standard deduction for the aged and the blind; Individual who is unmarried and not a $\backslash \backslash$

surviving spouse & $\backslash \backslash$

$\backslash$hline Taxpayer claimed as dependent on another taxpayer's return: Greater of $(1)$ earned income plus $\backslash (\backslash$$ $400\backslash )$ or $(2)\backslash \backslash$

$\backslash$hline $\backslash (\backslash$mathbf$\{\backslash$$ $1,250.\}\backslash )$

$\backslash$end$\{$tabular$\}$

$*$ These amounts are $\backslash (\backslash$$ $3,000\backslash )$ and $\backslash (\backslash$$ $3,700\backslash ),$ respectively, for a taxpayer who is both aged and blind.