Calculate the following: Gross income, adjusted gross income, taxable income, tax liability, and tax due/refund for the current year.

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ntegrative Tom and Megan Brown are married with three children, all of whom live at home. The children are ages 18, 15, and 8. Tom is a loan officer at First Lubbock Bank and his annual salary is S90,000. First Lubbock provides employees with free group-term life insurance equal to their annual gross salary, up to free health and accident insurance, and a qualified pension S50,000, plan. Tom's health and accident insurance cost First Lubbock $3,500. The bank's cost of his group-term life insurance coverage is S700. The bank also provides whole life insurance for all officers. The cost of the whole life insurance is $2,500. First Lubbock's pension plan allows employees to contribute up to 6% of their annual salary, which the bank matches. Tom elects to have the maximum pension plan contribution made into the plan. Tom had federal withholding of S9,000 for the current year. In June, Tom was recognized for being with the bank for 20 years. Tom received a watch worth $300 and $1,000 cash Megan lost her job last December. She received unemployment compensation totaling s24,000 in the current year. The Brown's two oldest are from Megan's first marriage. Megan continues to receive alimony and child support. Alimony totaled S2,400 and child support totaled $6,000 for the current year The Browns received interest income of $2,500 from a savings account, $800 from a us Treasury bond and $350 from a bond issued by the City of Also during at a year, Megan received a cash $16,000 from her parents and Tom won $8,000 gift of slot machine in Las Vegas. Last year Megan had New Mexico earnings so they had to file a state return. On last federal income tax return, the Browns itemized and took a $2,000 deduction for state taxes paid. In April of the current year, they received a $200 refund 1000 of stock at the beginning of the year for $15 pershare. The stock is currently trading at $10 per share During the year, the Browns paid $1,500 for qualified medical expenses. Megan submitted the receipts to the medical insurance company and was reimbursed $1,500. Deductions for AGI total $6,000. Itemized deductions total $14,000 for the current year. The Browns qualify for a 2,000 child tax credit Calculate the following: gross income, adjusted gross income, taxable income, tax liability, and tax due/refund for the current year