Demarco and Janine Jackson have been married for $20$ years and have four children who qualify as their dependents $($Damarcus$,$ Jasmine, Michael, and Candice$).$ The Jacksons file a joint tax return. The couple received salary income of $$103,000$ and qualified business income of $$12,000$ from an investment in a partnership, and they sold their home this year. They initially purchased the home three years ago for $$210,000$ and they sold it for $$260,000.$ The gain on the sale qualified for the exclusion from the sale of a principal residence. The Jacksons incurred $$16,900$ of itemized deductions, and they had $$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 tax rate schedules.$)$

a$.$ What is the Jacksons taxable income, and what is their tax liability or $($refund$)?$

Note: Do not round intermediate calculations.

$\backslash$table$[[$Description$,$Amount$],[(1)$ Gross income,$$,182,000],[(2)$ For AGI deductions,,$0],[(3)$ Adjusted gross income,$$,182,000],[(4)$ Standard deduction,,$25,100],[(5)$ Itemized deductions,,$16,900],[(6)$ Greater of standard deduction or itemized deductions,,$2,000],[(7)$ Deduction for qualified business income,,$25,100],[(8)$ Total deductions from AGI,,$154,900],[(9)$ Taxable income,,$25,568],[(10)$ Income tax liability,,$0],[(11)$ Other taxes,$$,25,568],[(12)$ Total tax,$$,25,568],[(13)$ Credits,,$(6,500)$