Bernie and Elizabeth are under age 65, file jointly and have 2 children, Vinnie, who is a college senior (age 24) and Connie who is in middle school (age 12). The Colleges have the following income:

Salary Bernie $175,000

Dividends from IBM stock 10,000

Interest Income from NJ Bonds 5,000

Gambling winnings 20,000

Self Employed Consultant Elizabeth:

Gross receipts $249,542

Deductible Business Expenses 200,000

Net Income from self-employment 49,542

Contribution to self-employed retirement plan 8,000

Alimony & child care paid by Bernie to former wife who he divorced in 2015

(50% for ex-wife and 50% for child) 24,000

Child care paid for Connies after school care 12,000

Monmouth University tuition paid for Vinnie 50,000

Their personal deductions include:

State Income Tax 5,000

Real Estate Tax on their home 17,000

Sales Tax on purchases during year including a boat 7,000

Mortgage Interest on personal residence (balance = $800,000 borrowed in 2018) 32,000

Charitable Contributions - Cash 5,000

Non-cash 50 shares of IBM valued at $100 per share at date of gift ?

Tax Preparation Fees 2,200

Unreimbursed Employee business expenses in connection with Joes job 2,000

Investment Management fees 10,000

Losses from gambling 10,000

Compute Bernie and Elizabeths Federal Income Tax for 2019

This is all the information given