Mary and Brad are married and wish to file a joint return for 2019. They have two dependent children, Ben (age 11) and Elle (age 10), who live with them. Their primary residence is in Los Angeles, and they own a condo (2^ndhome) in New York and a rental house in Dallas. They have the following items are expenses for 2019:

what is brad and mary's tax liabilityand indicate any carryovers.

Mary's salary

$ 155,000

Brad's salary

110,000

Expenses:

Home mortgage interest ($500,000 principal)

26,000

Home equity loan interest ($110,000 principal)

5,500

Condo loan interest ($125,000 principal)

11,000

Car loan interest

8,000

Credit card finance charges

3,000

Home property taxes

9,500

Condo property taxes

4,000

Condo maintenance fees

2,500

Car tags (ad valorem part)

1,100

California income tax withheld

8,000

Federal income taxes withheld

40,000

Medical insurance premiums (paid by them, not part of an employer plan)

10,000

Unreimbursed medical bills

8,000

Charitable contributions

11,000

Unreimbursed employee business expenses

7,500