1. **State the problem:** Calculate the taxable income given the gross salary, interest earnings, dividend income, standard deduction, itemized deductions, and adjustments to income.
2. **Formula and rules:**
Taxable income is calculated as:
$$\text{Taxable Income} = \text{Gross Income} - \text{Adjustments} - \text{Deductions}$$
Where gross income includes salary, interest earnings, and dividend income.
3. **Calculate gross income:**
$$\text{Gross Income} = 68755 + 295 + 245 = 69295$$
4. **Choose the larger deduction:**
Standard deduction = 14600
Itemized deductions = 12630
Since 14600 > 12630, use the standard deduction.
5. **Calculate taxable income:**
$$\text{Taxable Income} = 69295 - 2100 - 14600$$
6. **Show intermediate cancellation:**
$$\text{Taxable Income} = 69295 - \cancel{2100} - \cancel{14600}$$
7. **Simplify:**
$$\text{Taxable Income} = 69295 - 16700 = 52595$$
**Final answer:** The taxable income is $52595$.
Taxable Income 496676
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