If you can, could you explain each step for me. Thank you very much

QUESTION 1 Compute the taxable income for Dave and Judith Nichols for 2020. He is married and filing jointly. He is 62 and wife is 60. Assume no other facts. Salary $65,000 Interest from General Motors Bonds: $5,000 Interest from University of Ms Bonds: 4,000 Inheritance from Aunt who died in 2020: $10,000 Amount Lost in Office Football Pool: 5500 Short term capital loss on stock he sold: ($4,000) itemized deductions: 519,500 1.542,200 2. $45,600 O 3.541.600 4.547.600