Demarco and Janine Jockson have been maried for 20 years and have four chisdren who qualify as their dependents (Damarcus, Jasmine, Michael, and Candice). The Jacksons file a joint tax return. The couple recelved salary income of $100,500 and qualfied business income of $14,500 from an investment in a partnership, and they sold their home this year. They initialy purchased the home three years ago for $222,500 and they sold it for $272,500. The gain on the 5 ale quallied for the exclusion from the sale of a principal residence. The Jacksons incurred $17.400 of itemized deductions, and they had $4.000 withheld from their paychecks for foceral taxes. They are also allowed to claim a child taxcredit 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 qualitying dependents for Candice. (Use the lax rate schedules) a. What is the Jackson't taxable income, and whot is their tax liability or (refund)? Note: Do not round intermediate calculations