Demarco and Janine Jackson have been married for 20 years and have four children who qualify as their dependents (Damarcus, Janine, Michael, and Candice). The couple received salary income of $100,000, and they sold their home this year. They initially purchased the home three years ago for $200,000 and they sold it for $250,000. The gain on the sale qualified for the exclusion from the sale of a principal residence. The Jacksons incurred $16,500 of itemized deductions, and they had $6,250 withheld from their paychecks for federal taxes. They are also allowed to claim a child tax credit for each of their children. (use the tax rate schedules .) tax return info for 2016

a. What is the Jacksons taxable income, and what is their tax liability or (refund)? (Do not round intermediate calculation. Round "Income tax liability", "Total tax", "Taxes payable or Refund due" to 2 decimal places.)

*****(I HAVE BOLDED THE ANSWERS THAT ARE NOT RIGHT, & THOSE ARE THE ONES I NEED HELP WITH)***

	Description	Amount
(1)	Gross income	$100,000
(2)	For AGI deductions	0
(3)	Adjusted gross income	$100,000
(4)	Standard deduction	12,200
(5)	Itemized deductions	16,500
(6)	Greater of standard deductions or itemized deductions	16,500
(7)	Personal and dependency exemptions	23,400
(8)	Total deductions from AGI	39,900
(9)	Taxable income	$60,100
(10)	Income tax liability	$8,122.50
(11)	Other taxes	$0
(12)	Total tax	$8,122.50
(13)	Credits	4,000
(14)	Prepayments	6,250
	Refund due	$2,127.50