apply the tax formula using 2023 tax schedule

Harry, age 67, and Meghan, age 66, are married and have no dependent children. 2023 tax and other related information is as follows: \begin{tabular}{|r|r|} \hline 2023 tax and other related information is as follows: & $140,000 \\ \hline Total salaries & 3,500 \\ \hline Bank account interest income & 1,500 \\ \hline Oklahoma state bond interest income & 6,000 \\ \hline Value of employer provided medical insurance premiums & 400 \\ \hline Employer paid premiums for $40,000 of group term life insurance for & You calculate \\ \hline Meghan & You calculate \\ \hline Apple Stock (purchased 12/15/22 for $20,000; sold 8/3/23 for $28,000) & 50,000 \\ \hline Costco Stock (purchased 10/15/20 for $30,000; sold 2/23/23 for $27,000) & 2,000 \\ \hline Life Insurance proceeds received by Meghan, as beneficiary, on a policy & 25,000 \\ \hline owned by her aunt (the insured) when her aunt died & 15,000 \\ \hline Dividend income from Samsung (based in South Korea) stock & 2,000 \\ \hline Loan from Harry's parents & \\ \hline Gift from Meghan's parents & 2,500,000 \\ \hline Interest on General Motors Bonds & 12,000 \\ \hline Sale of qualified small business stock acquired by Harry on March 15, \\ \hline 2015 for $200,000 (cash). The stock was sold on March 21, 2023. & 28,500 \\ \hline Alimony paid by Harry in 2023 as a result of his divorce in 2017. & \\ \hline Total itemized deductions for Harry and Meghan & \end{tabular}