Blake and Valerie Meyer $($both age $30)$ are married with one dependent child $($age $5).$Blakes gross salary from his corporate employer was $$70,000,$ and his Section $401($k$)$ contribution was $$6,300.$Valeries salary from GuiTech, an S corporation, was $$29,400.$Valerie owns $16$ percent of GuiTechs outstanding stock. Her pro rata share of GuiTechs ordinary business income was $$13,790,$ her pro rata share of GuiTechs net loss from rental real estate was $$8,100,$ and she received a $$7,000$ cash distribution from GuiTech. The ordinary income from GuiTech is qualified business income.Blake received a $$15,000$ cash gift from his grandmother.Valerie won $$6,400$ in the Maryland state lottery.The Meyers received a distribution from their investment in Pawnee Mutual Fund that consisted of a $$712$ qualifying dividend and a $$3,020$ long$-$term capital gain.Blake paid $$12,000$ alimony to a former spouse under a divorce agreement executed in $2011.$The Meyers paid $$17,200$ home mortgage interest on acquisition debt and $$2,780$ property tax on their personal residence.The Meyers paid $$7,000$ state income tax and $$4,200$ state and local sales tax.Valerie contributed $$1,945$ to the First Baptist Church.Required:On the basis of the above information, compute the Meyers $2023$ federal income tax $($including any AMT$)$ on their joint return. Assume the taxable year is $2023.$ Use Individual tax rate schedules, Standard deduction table and Tax rates for capital gains and qualified dividends.Note: Do not round intermediate calculations. Round your final answers to the nearest whole dollar amount. Leave no cells blank $-$ be sure to enter $"0"$ wherever required.