Based on the Following Information,what Is the 2013 Taxable Income

Based on the following information,what is the 2013 taxable income for a married couple with two children?
$$\begin{array} { l r } \text { Total income } & \$ 120,000 \\\text { Excludable income } & 2,000 \\\text { Deductions for AGI } & 5,000 \\\text { Allowable itemized deductions } & 8,000\end{array}$$

A) $ 84,800
B) $ 85,200
C) $ 86,700
D) $ 89,800
E) $ 90,900