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The question asks to find the gross income, adjusted gross income (AGI), and taxable income for the taxpayer.

### Given information:
- **Wages (gross income)** = $217,800
- **Interest from savings** = $1,400
- **Contribution to tax-deferred retirement plan** = $19,400
- **Itemized deductions** = $23,650
- **Standard deduction** = $12,550

### Step-by-step solution:

1. **Gross income**:
   The gross income is the total income before any deductions. This includes wages and interest.

   \[
   \text{Gross Income} = \text{Wages} + \text{Interest}
   \]
   \[
   \text{Gross Income} = 217,800 + 1,400 = 219,200
   \]

2. **Adjusted Gross Income (AGI)**:
   The adjusted gross income is calculated by subtracting the contributions to the tax-deferred retirement plan from the gross income.

   \[
   \text{AGI} = \text{Gross Income} - \text{Retirement Contribution}
   \]
   \[
   \text{AGI} = 219,200 - 19,400 = 199,800
   \]

3. **Taxable income**:
   Taxable income is calculated by subtracting the greater of the itemized deduction or the standard deduction from the AGI. In this case, the itemized deduction of $23,650 is greater than the standard deduction of $12,550, so we use the itemized deduction.

   \[
   \text{Taxable Income} = \text{AGI} - \text{Itemized Deductions}
   \]
   \[
   \text{Taxable Income} = 199,800 - 23,650 = 176,150
   \]

### Final answers:
- **Gross Income** = $219,200
- **Adjusted Gross Income (AGI)** = $199,800
- **Taxable Income** = $176,150

Would you like further details or have any other questions?

Here are 5 related questions to expand:
1. How does a tax-deferred retirement contribution affect taxable income?
2. What is the difference between itemized deductions and the standard deduction?
3. How does interest income factor into the gross income calculation?
4. In what cases would a taxpayer prefer to use the standard deduction over itemized deductions?
5. What are other common adjustments to gross income that could affect AGI?

**Tip**: Always choose the greater of the standard deduction or itemized deductions to minimize your taxable income.

Find the gross income, the adjusted gross income, and the taxable income for the taxpayer. The taxpayer earned wages of $217,800, received $1,400 in interest from a savings account, and contributed $19,400 to a tax-deferred retirement plan. He had itemized deductions totaling $23,650, which is more than the standard deduction of $12,550 for his filing status.

Learn how to calculate gross income, adjusted gross income (AGI), and taxable income using wages, interest, and deductions. This example uses a salary of $217,800, savings interest, retirement contributions, and itemized deductions to find the taxable income.

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