10. Married Couple and 2 children 16 and 17 S75,000 (and withholds tax of $10,000) $45,000 (and withbolds tax of $6,000) Husband earns Wife earns teaching In the summer, the wife runs a summer camp program and has the following items: S12,000 Income Expenses Marketing Contract labor 1,500 2,500 14,000 (bought in May and used 100% in business) 2.000 Equipment Contract labor Interest Income CDS 3,000 Mortgage Interest 10,000 Property Taxes5,000 Medical Business expense 2,000 (Non-Reimbursed husband job) 14,000 They will file married filing jointly. Take only MACRS depreciation on the equipment but do not elect to expense under 179. Please show your work. Compute their business income. Compute their adjusted gross income. Compute their itemized deductions, Compute their taxable income. Compute their tax liability