During 2016 Richard and Denise, who are married and have two dependent children, have the following income and losses:

Total salaries $250,000

Bank account interest 5,000

Short-term capital gains 4,000

long-term capital losses 9,500

They also incurred the following expenses:

medical expenses $ 10,000

State income taxes paid 22,000

Property taxes on home 5,300

residence interest 9,000

Investment interest expense 9,000

Disaster expense 40,000

Tax return preparation fees 3,600

Unreimbursed employee business expenses 9,000

Compute Richard and Denise's taxable income.