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Computation of Tax. The following information relates to two married couples whoeach file jointly:Smiths MillersWages and salaries $50,000 $115,000Taxable interest income 0 1,000Deductible IRA contributions

Computation of Tax. The following information relates to two married couples whoeach file jointly:Smiths MillersWages and salaries $50,000 $115,000Taxable interest income 0 1,000Deductible IRA contributions 0 13,000Itemized deductions 5,000 33,000Child tax credit 0 4,000Withholdings 1,980 5,200Compute the 2023 tax due or refund due for each couple.

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