48. Alan and Sara Winthrop are a married couple who file a joint income tax return. They have two children, so they claim a total of 4 exemptions ($4,050 for each exemption). In addition, they have legitimate itemized deductions totaling $25,750. Their total income from wages is $168,100. What is the couples taxable income?

a. $126,150

b. $138,750

c. $142,550

d. $103,400

e. $122,400