During 2016 Richard and Denisa, Who Are Married and Have

During 2016 Richard and Denisa, who are married and have two dependent children, have the following income and losses:
$\begin{array}{ll}\text { Total salaries } & \$ 150,000 \\\text { Bank account interest } & 25,000 \\\text { Short-term capital gains } & 4,000 \\\text { Short-term capital losses } & (1,500)\end{array}$ They also incurred the following expenses:
$\begin{array}{ll}\text { Qualified medical expenses } & \$ 8,000 \\\text { State income taxes paid } & 12,000 \\\text { Property taxes on home } & 2,300 \\\text { Qualified residence interest } & 9,000 \\\text { Investment interest expense } & 7,500 \\\text { Cash charitable contributions } & 15,000 \\\text { Tax return preparation fees and assistance with audit } & 3,600 \\\text { Unreimbursed employee business expenses } & 4,000\end{array}$ Compute Richard and Denisa's taxable income for the year. (Show all calculations in good form.)