John and Hannah are a married couple filing their income taxes jointly. The have 4 dependent children, Luke (age 6), Mick (age 10), Jordan (age 14), and Juan (age 16). Based on the information provided below, their taxable income is $[ ].

Simone's total income is $60,000 but $5,000 qualify as exclusions

John's gross income is $54,000

Together, their adjustments total $9,000

Their itemized deductions total $10,500

The standard deductions for a married couple filing jointly is $11,400

Personal exemptions are $3,650 each

they are eligible for the Child Tax Credit which is $1,000 per qualifying child under the age of 17