3. For the following situations, determine the following for 2023: a. Tax owed b. How much did this taxpayer save in taxes due to the lower rate on capital gains? Show TWO WAYS to determine the savings and reconcile that the amounts for each way match. 3. Situation C Situation D Situation E Status, no children MFJ MFJ MFJ Wage Income 115,000 229,000 338,000 Interest income from IBM Co. bonds 0 3,400 600 Qualified dividend income 0 5,900 5,200 Sold Tesla stock purchased 2 years ago: Proceeds in 2023 30,000 107,500 155,000 Cost 2 years ago 49,000 42,000 46,000 IRA Contribution made (payment by taxpayers) 2,200 2,200 2,200 Medical costs out of pocket paid 3,100 3,100 3,100 State income taxes paid 5,750 11,450 16,900 Property taxes paid 0 11,900 18,900 Mortage interest paid Charitable contributions 0 10,500 15,750 80 4,000 5,925 Tax preparation fees 125 2,500 5,000 Federal taxes withheld 10,000 48,000 82,000