Using 2018 tax law, answer these questions about the following scenario. Numbers in parentheses indicate age. Each taxpayer has only the income stated. Unless otherwise stated, each prospective dependent is an unmarried U.S. citizen who does not provide more than half of their own support. In no case will more than one taxpayer attempt to claim the same qualifying child as a dependent. No one other than the persons listed live in the home. Jim (49) and Linda (50) are married and will file a joint return. They have two children, Todd (20) and Traci (15), who both lived with their parents all year. Todd has a part-time job, and Traci is still in high school. Jim and Linda provide more than 50% of the support for both children. Jim's wages were $26,500; Linda's wages were $16,805; Todd's gross income was $3,100; Traci's was $0. Jim and Linda have no other income. Jim, Linda, Todd, and Traci had health care coverage all year through Jim's employer. Jim and Linda are not claiming any education or retirement savings contribution credits. What is the amount of Jim and Linda's taxable income?