John and Mary are in their 50s, married, and have no children. They have salaries of a total of $100,000 with 18,000 in Federal withholding. They have the following other items of note:

Interest from Bank of Texas 10,000

Qualifying dividends 3,000

Non-qualifying dividends 2,000

Sales of the following securities:

Stock:	Bought	Sold	Sales Price	Cost
Blue	01/01/85	02/01/23	3,000	2,000
Amber	01/01/23	02/01/23	15,000	14,000
Green	01/01/85	02/01/23	12,000	8,000
Red	01/01/23	02/01/23	3,000	4,000
Purple	01/01/23	02/01/23	5,000	2,000

What are their net long term capital gains or losses?

What are their net short term capital gains or losses?

Compute their adjusted gross income.

Compute their taxable income.