Using the taxable income formula in chapter $4$ or the irs website figure out Taylor and Travis Swift's taxable income.

Taylor and Travis Swift are married without any dependents. They own a home and pay $$25,000$ in property taxes, no mortgage interest, $$2,000$ in medical expenses, and donated $$10,000$ to charity. Below is their additional tax information:

Taylor's W$2$ $$100,000$

Travis's W$2$ $$60,000$

Dividend Income $$20,000$

Capital Gains of $$10,000$