Emil and Judy Ryan are married and file a joint return. They have no children. Emil is 68 and Judy is 60. They contribute over half of the support for Judy's mother, Cora, age 85, who earned $800 from baby-sitting jobs and received $1,900 in social security benefits during 2015. Cora lives alone in her own apartment. Emil earned a salary of $60,000 in 2015 from his job at Korma Corp., where Emil is covered by his employer's pension plan. Judy, who worked part time in 2015 and earned $1,000, is not covered by an employer's pension plan. Other items received jointly by Emil and Judy in 2015 were as follows:
Life insurance proceeds refund 100
Interest on life insurance policy's accumulated dividends 300
Dividends on stock of a Swiss corporation 500
Dividend on life insurance policy 200
What is Emil and Judy’s taxable income for 2015?