Based on the following data, would Beth and Roger Simmons be better off under the previous (2017) federal tax code or the new (2018) federal tax code:

Adjusted Gross Income $105,937

Credit for child and dependent care expenses $400

Amount for personal exemptions $12,150

Itemized deductions $14,240

Filing status Married Filing Jointly

Estimated taxes withheld $9,231 tax rate 25%

You will need to compare allowable personal exemptions, standard vs. itemized deductions, and tax brackets for the two years 2017 and 2018; remember the correct handling of tax credits; based on how much estimated tax was withheld would they receive a refund or owe in each year?