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: Amount Items: $ 35,000 Ed's Salary, $70,000 Jane's Salary , $400 Municipal bond interest income, $1,000 Qualified business income, $8,000 Alimony paid (divorce in 2018) $10,000 Real property tax (from AGI deduction) Their employers withheld $5,800 in federal income taxes from their paychecks. 1. What is their AGI? 2. What is their Taxable Income?