Rodney and Alice Jones have three small children, ranging in age from 5 -10. One child is blind and needs special care. Rodney works as an accountant for a large CPA firm and has gross income of $45,000. Alice is a lawyer with a national law firm and earns $48,000. Rodney's parents are quite old and he and his two brothers entirely support them according to the following percentages: Rodney 45%, Steven 40%, Robert 15%. The brothers decided in 2016 Rodney should be allowed to delcare his parents as dependents. Rodney's employer provides group term life insurance at twice the employee's annual salary. Rodney is 40 years old. During 2016 Rodney and Alice received the following dvidends on their jointly held investments; Dividends from Mexico Inc (Mesican Corp) $700, Dividends from Widget Steel Corp $150. They recieved interest income from the following investments Interest on state of OH highway bonds $800 and Interest on deposite in savings and loans $400. The Joneses have itemized deuctions of $15,000. Compute their taxable income.