3. Justin, age 52 and Jamie, age 49 live in California, are married, and file a joint return. Their combined salary for 2020 is $200,000. During 2020, their stock portfolio generated $1,500 in qualified dividends and S500 in non-qualified dividends. They also earned $1,000 on US treasuries. They received a $1,000 state tax refund in 2020. Additionally, Justin's employer provided Justin with a cafeteria plan. The plan provided $5,000 to use towards health insurance and dental insurance. Justin opted out of the coverage and took the cash because Jamie's employer provided coverage for both her and her spouse. In 2019, Justin and Jamie itemized their deductions, which were $25,000. In 2020, they paid $9,000 in state income tax, $14,000 in mortgage interest and $3,000 in property tax. What is their taxable income? Show your calculations and label each item or no credit will be given