Emil and Judy Ryan are married and file a joint return. They have no children. Emil is 68 and Judy is 60. They contribute over half of the support for Judys mother, Cora (age 85). Cora earned $1,970 in 2015 and received $2,900 in social security. Cora lives in an apartment in the Ryans basement and does not pay any of her own expenses..

Emil earned a salary of $72,400 in 2015 from his job at Korma Corp. Judy worked part-time and earned $19,520. They also received the following:

Life insurance proceeds $70,000

Interest on State of Virginia bonds $320

Dividends on stock of a Swiss corporation $920

Interest on savings accounts $93

If the Ryans have itemized deductions of $12,560, what is their taxable income for 2015.