Eli and Lilly Davis have been happily married for 30 years. Eli, 67, is a research chemist at Pharmaceuticals Inc. Lilly, 64, recently retired but stays busy managing the couples investments, including a duplex. The majority of the couples income is derived from Elis employment, from which he received a salary of $95,000 this year. Other income includes interest on corporate bonds of $5,600 and interest on State of Illinois bonds of $1,000. In addition, rents collected from the duplex were $10,000 while rental expenses (e.g., maintenance, utilities, depreciation) were $6,000. The couple also paid the following expenses: unreimbursed medical expenses, $9,500; interest on the home mortgage, $15,300; property taxes on the home, $3,000; state income taxes, $5,000; and charitable contributions, $4,000; and rental of safe deposit box, $100.

Determine the couples taxable income for 2021.