Jane and Ed Rochester are married with a 2-year-old child, who lives with them and whom they support financially. In 2019, Ed and Jane realized the following items of income and expense:

Item

Amount Ed's Salary $ 35,000

Jane's Salary 70,000

Municipal bond interest income 400

Qualified business income 1,000

Alimony paid (for AGI deduction) (7,000 )

Real property tax (from AGI deduction) (10,000 )

Charitable contributions (from AGI) (15,000 )

They also qualified for a $2,000 child tax credit. Their employers withheld $5,800 in federal income taxes from their paychecks (in the aggregate). Finally, the 2019 standard deduction amount for MFJ taxpayers is $24,400.