Daniel B. Butler and his spouse Freida C. Butler file a joint return. The Butlers live at 625 Oak Street in Corbin, KY 40701. Daniel's Social Security number is 111-11-1112, and Freida's is 123- 45-6780. Dan was born on January 15, 1971, and Freida was on August 20, 1971. During 2023, Daniel and Freida furnished over half of the total support for each of the following individuals, all of whom still live at home: a. Gina, their daughter, age 22, a full-time student, who married on December 21, has no income of her own and did not file a joint tax return with her husband, Casey, who earned $10,600 during 2023. Gina's Social Security number is 123-45-6788. b. Willie, their son, age 19, graduated from high school in May 2023. He is taking a leap year and will not begin college until 2024. He has gross income of $6,300 in 2023. Willie's Social Security number is 123-45-6787. c. Ben, their oldest son, age 26, is a full-time graduate student with gross income of $5,200. Ben's Social Security number is 123-45-6786. Daniel was employed as a manager by WJJJ, Inc. (Employer ID number: 11-1111111), 604 Franklin Street, Corbin, KY 40702), and Freida was employed as a salesperson for Corbin Realty, Inc (Employer ID number: 98-7654321, 899 Central Street, Corbin KY 40701). Selected information from the W-2 Forms provided by the employer for 2023 is presented below: Line Description Daniel Freida 1 Wages, tips, other compensation $74,000 $86,000 2 Federal income tax withheld 11,000 12,400 17 State income tax withheld 2,960 3,440 Freida sold a house on December 30, 2023, and will be paid a commission of $3,100 (not included in the $86,000 reported on W-2) on January 10, 2024, closing date. Other income (as reported on 1099 forms) for 2023 consists of the following: Dividends on CSX stock (qualified) $4,200 Interest on savings at Second Bank $1,600 Interest on City of Corbin bonds $900 Interest on First Bank CD $382 The $382 from First Bank was an original issue discount. Daniel and Freida collected $16,000 on the First Bank CD that matured on September 30, 2023. The CD was purchased on October 1, 2019, for $14, 995, and the yield to maturity was 3.3%. Daniel participated on a game show and won a cash prize of $7,000. 1In addition to the above information, Daniel and Freida's itemized deductions included the following: Paid on 2023 Kentucky income tax $700 Personal property tax paid $600 Real estate taxes paid $1,800 Interest on home mortgage (Corbin S&L) $4,900 Sales tax from the sales tax table is $1,860. Daniel and Freida made Federal estimated tax payments of $6,000. They have never owned or used any digital assets, and they do not wish to contribute to the Presidential Election Campaign. The Kentucky income tax rate is 4%. Required: Compute Daniel and Freida's 2023 Federal income tax payable (or refund due) and complete their 2023 tax return using the appropriate forms and schedules. Submit Form 1040 only.