Karen is single. Last year she earned $40,300 in wages. Additional tax information for the year is as follows: interest earned: $125; short-term capital gains from sale of stock: $1,650; penalty on early withdrawal of savings: $300; contributions to Keogh retirement fund: $1,900; real estate taxes paid: $6,800; mortgage interest paid: $7,000. Find the taxable income for the year. (Assume that the standard deduction is $12,000 for a single filer)