Joe is 27 years old and works for a regional CPA firm as a tax manager. His salary for the year is $75,000. In addition to his annual salary, he is included in his employers health insurance plan. The annual premium for the plan is $3,000. Joe pays $500 towards this premium and his employer pays the remaining $2,500.

The health insurance plan is a high deductible plan and has a feature allowing for a Health Savings Account. Joe contributes $1,500 to his HSA in 2020.

Joe also participates in his employers 401k program. He contributes 10% of his salary to his 401k annually.

His other sources of income during the year are the following:

Interest - $1,500

Capital Gains - $3,500

Cash received from his parents as a gift - $20,000

Joe purchased a house in 2020. He makes total mortgage payments of $15,000 during the year. Of this amount, $13,000 is mortgage interest and $2,000 is principal. His real estate taxes for the year are $2,200.

Calculate Joes Adjusted Gross Income and Taxable income for 2020.