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* * * * Emily and David are married, filing jointly. David is retired and receives Social Security benefits. They have no children. Their 2

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Emily and David are married, filing jointly. David is retired and receives Social Security benefits. They have no children. Their 2023 tax information is as follows:
Wages: Emily ($48,000)
Social Security Benefits: David ($22,000)
Interest Income: $900
Qualified Business Income (QBI) from Emily's freelance business: $25,000
Itemized Deductions:
Medical Expenses: $11,000
State and Local Taxes: $5,300
Allowable deduction for self-employment tax: $1,850
Calculate Emily and David's:
Adjusted Gross Income (AGI)
Taxable Income (Note: a portion of Social Security might be taxable)
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