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 $97,000 and qualified business income of $18,000 from an investment in a partnership, and they sold their home this year. They initially purchased the home three years ago for $240,000 and they sold it for $290,000. The gain on the sale qualified for the exclusion from the sale of a principal residence. The Jacksons incurred $18,100 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.) Complete pag 1, page 2, and Schedule 1 of the Jacksons' Form 1040 (use the most recent form available). Demarco and Jenine Jackson's address is 19010 N.W. 135th Street, Miami, FL 33054. Social security numbers: Demarco: 12345.6789 Janine: 234567890 Son: Damarcus: 345678901 Son: Michoet: 567890123 Daughter: Jasmine : 456-78-9012 Daughter; Candice: 678901234 Enter any non-financial information, (e.g. Names, Addresses, social security numbers) EXACTLY as they appear and the order in which they appear in any given information or Problem Statement. Input all the values as positive numbers. Use 2023 tax laws and 2022 tax form. Do not round your intermediate calculations. Round final answers to the nearest whole dollar amount. Neither Demarco nor Janine wish to contribute to the Presidential Election Campaign fund or had any virtual currency transactions or Interests