Emma, a single taxpayer, obtains permission to change from a calendar year to a fiscal year ending June 30, 2019. During the six months ending June 30, 2019, she earns $40,000 and has $8,000 of itemized deductions.
What is the amount of her annualized income?
a. $32,000
b. $28,000
c. $64,000
d. $56,000