1. The Millers, a family of four (with two young child) filing a joint tax return, have the following information to prepare their federal income tax return: Total Income $130,000 State and local income taxes $5,000 Property tax $5,000 Home mortgage interest $15,000 Contribution to charities $5,000 Interest on student loans $2,000 Contribution to their 401(k) retirement account: $18,000 Please compute the following: (5 points) A) Adjusted gross income; B) Taxable income; C) Final tax liability; D) Marginal tax rate; and E) Average tax rate For 2022, standard deduction for a married couple was $26,000, and child tax credit was $2,000 per child. The tax bracket were: for taxable income from $0 to $20,000, the tax rate was 10%; from $20,000 to $60,000, the tax rate was 20%; from $60,000 to $100,000, the tax rate was 30%, and any income over $100,000 was taxed at 40%. Recommendation: For the answers, write out as many steps as you can in your calculation to arrive at the final answers, so that I can give you partial credits, even if the final answer is wrong, as long as the process is correct. 2. Suppose the progressive personal income tax in the previous