Andy and Currie met in Tax class and were married. They have five children: Miranda age 6, Savannah age 10, Wenbo age 12, Rachel age 15, and Luke age 20. Luke has his own apartment but he works in the family business, he earned $25,000 last year. Andy works for a CPA firm. In 2020 he earned $77,000, $12,000 of federal income tax was withheld, and $3,000 of state income tax was withheld. In addition, they earned $300 of interest on their joint savings account, they received dividends of $1,200 on stock that they own (all the dividends are qualified), and they sold 100 shares of stock for $20 a share (they paid $10 a share three years ago).

Currie operates a welding shop in a facility that she rents. The business motto is Still not as fun as Tax Class. She operates as a sole proprietor, she has one part-time employee, plus Luke who does most of the welding (the rest of the children have to clean up the shop each evening before they get their supper).

Income and expenses of the welding business in 2020 were:

Gross revenues $248,000

Employee salaries 54,000

Employee payroll taxes 5,400

Building Insurance 16,000

Welding supplies 55,000

Rent 18,900

Currie paid estimated State income tax of $4,300 during the year, and estimated federal income tax of $15,000.

In addition the family also had the following expenses:

Family medical and dental expenses $19,000

Real estate taxes 3,400

Home mortgage interest 9,000 (their mortgage is $300,000)

Credit card finance charges 2,600

Sales tax 4,200

Cash donations to their church 4,000

Assume that there is no Alternative Minimum Tax (AMT) for them.

What is their taxable income? taxes before tax credits? total tax liability? refund?