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Adela and James are married and file tax returns jointly. Last year Adela earned $41,500...

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Accounting

Adela and James are married and file tax returns jointly. Last year Adela earned $41,500 and James earned $46,700 in wages.

Additional tax information for the year is as follows: Interest earned: $1,200, State and local income taxes paid: $4,250, mortgage interest: $6,200, contributions to charity: $1,400, contributions to retirement plans: $3,350.

From this information, calculate their taxable income (in $).

$

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