The GG Partnership has two equal partners, Gary and George. In the current year (2020), the partnership earns $300,000 of ordinary income (all business). In addition, to the ordinary income the partnership had $10,000 in capital gains. George is married, files a joint return, and claims a standard deduction.

What is Georges taxable income?

1. $25,040.
2. $30,000.
3. $100,160.
4. $150,000.