Betty, age 39 and Steve, age 50, are married with two dependent children. They file a joint return for 2013. Their income from salaries totals $155,400; they receive $1,000 in taxable interest and $2,000 in royalties. Their deductions for adjusted gross income amount to $3,200; they have itemized deductions totaling $40,000. Calculate the following amounts:

a. Gross Income

b. Adjusted gross income

c. Itemized deduction or standard deduction amount

d. Deduction for exemptions

e. Taxable income

f. Regular income tax liability from rate schedules