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Steve and Beth Compton are married and have one child.Steve is putting together some figures so that he can prepare the Comptons' joint 2016 tax

Steve and Beth Compton are married and have one child.Steve is putting together some figures so that he can prepare the Comptons' joint 2016 tax return.He can claim three personal exemptions (including himself).So far, he's been able to determine the following with regard to income and possible deductions:

Deductable?

Yes/no

Total unreimbursed medical expenses incurred

$1,155

Gross wages and commissions earned

50,770

IRA contribution

5,000

Mortgage interest paid

5,200

Job expenses and other allowable deductions

875

Interest paid on credit cards

380

Dividend and interest income earned

610

Sales taxes paid

2,470

Charitable contributions made

1,200

Interest paid on a car loan

570

Alimony paid by Steve to his first wife

6,000

Social Security taxes paid

2,750

Property taxes paid

700

State income taxes paid

1,700

Given this information, how much taxable income will the Comptons have in 2016?(Note:Assume that Steve is covered by a pension plan where he works, the standard deduction of $11,600 for married filing jointly applies, and each exemption claimed is worth $3,700.)

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