Find the gross​ income, the adjusted gross​ income, and the taxable income. Base the taxable income on the greater of a standard deduction or an itemized deduction.
A taxpayer earned wages of ​$​,55100 received ​$ 440 in interest from a savings​ account, and contributed ​$720 to a​ tax-deferred retirement plan. He had itemized deductions totaling ​$6920​, which is less than the standard deduction of​ $12,550 for his filing status.