Adela and James are married and file tax returns jointly. Last year Adela earned $48,500 and James earned 549.706 in wages. Additional tax information for the year is as follows: Interest earned: $1,200. State and local income taxes paid 4.200, mortgage interest: $5,200, contributions to charity: $1,400, contributions to retirement plans: $3,350. From this information, calculate their taxable income
