Demarco and Janine Jackson have been married 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 $102,000 and qualified business income of $13,000 from an investment in a partnership, and they sold their home this year. They-inttally purchased the home three years ago for $215,000 and they sold it for $265,000. The gain on the sale qualified for the exclusion from the sale of a principal residence. The Jacksons incurred $17,100 of ltemized deductions, and they had $4,000 withheid 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 quaifying dependents for Candice. (Use the tax rate schedules) o. What is the Jacksons' taxable income, and what is their tax llability or (refund)? Note: Do not round intermedlate calculations. Schedule X-1-Married Filing Jointlv or Oualifvino Widow(er)