Larry age 36 is a Master welder who works for Oklahoma welding Company, his wife Kay also 36 yrs old has a job with the local oil company.

Larry's Salary: $40,000

Kay's Salary: $20,000

Larry's 401K deferral: $4000

Kay's 401K deferral: $2000

Both have a student loan interest of $290

They both file "Married filed jointly" and so take a standard deduction of $24,400

With the above information, calculate the Adjusted gross income of Larry family:

Group of answer choices

$54,000

$60,000

$29,310

$53,710