The following information is available for Bob and Brenda Horton, a married couple filing a joint return for 2019. Both Bob and Brenda are 32 and have three dependents.

Salaries 200,000

Interest income from NYS bonds 10,000

Interest income from US bonds 3,000

Long term capital gain 7,000

Short term capital loss 12,000

Deductible IRA contributions 4,000

Itemized deductions 14,000

Withholding of Federal tax 50,000

Compute their AGI, taxable income, and tax due or refund due.