Demarco and Janine Jackson have been mamed for 20 years and have four children (no children under age 6 at yearend) Who qualify as their dependents (Damarcus, Jasmine, Michael, and Candice). The couple recelved salary income of $100.000 and qualfied business income of $15,000 from an investment in a partnership, and they sold their home this year. They initially purchased the home three years ago for $225,000 and they sold it for $275,000. The gain on the sale qualified for the exclusion from the sale of a principal residence. The Jacksons incurred $17,500 of itemized deductions (no charrtable contributions), and they had $4,000 withheld from their paychecks for federal taxes. They are also allowed to claim a child tax credit for each of their children. However, because Candice was 18 years of age at year end, the Jacksons may claim a child tax credit for other qualifying dependents for Candice. (Use the rax rate schedules.) 0. What is the Jacksons' taxable income, and what is their tax liablitty or (refund)? Note: Do not round intermedlate calculations. a. What is the Jacksons' taxable income, and what is their tax llability or (refund)? Note: Do not round Intermedlate calculations