Karin and Chad (Ages 30 and 31, Respectively) Are Married

Karin and Chad (ages 30 and 31, respectively) are married and together have $110,000 of AGI. This year they have recorded the following expenses: $$\begin{array} { | l | r | } \hline \text { Home mortgage interest } & \$ 2,335 \\\hline \text { Real estate taxes } & 1,525 \\\hline \text { State income taxes paid } & 1,340 \\\hline \text { Income tax preparation fee } & 250 \\\hline \text { Charitable contributions (cash to their church) } & 120 \\\hline\end{array}$$ Karin and Chad will file married joint with two personal exemptions. Calculate their taxable income.

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