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Jane and Ed Rochester Are Married with a Two-Year-Old Child

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Jane and Ed Rochester are married with a two-year-old child who lives with them and whom they support financially. In 2016, Ed and Jane realized the following items of income and expense:  Item  Amount  Ed’s Salary $35,000 Jane’s Salary 34,400 Municipal bond interest income 400 Alimony paid (for AGl deduction) (7,000) Real propery tax (from AGl deduction) (10,000)\begin{array} { | l | r | } \hline \text { Item } & \text { Amount } \\\hline \text { Ed's Salary } & \$ 35,000 \\\hline \text { Jane's Salary } & 34,400 \\\hline \text { Municipal bond interest income } & 400 \\\hline \text { Alimony paid (for AGl deduction) } & ( 7,000 ) \\\hline \text { Real propery tax (from AGl deduction) } & ( 10,000 ) \\\hline\end{array} They also qualified for a $1,000 tax credit. Their employers withheld $1,800 in taxes from their paychecks (in the aggregate). Finally, the 2016 standard deduction amount is $12,600 and the 2016 exemption amount is $4,050.
What is the couple's gross income?

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$69,400, s...

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