Facts: Mr. & Mrs.Smith are seeking your assistance to prepare their 2018 Form 1040 Tax Return. They file Married filing jointly and they have two children Ashley, age 14 and Peter, age 16. Both children are in school. I the following items of income and deduction in 2018: W-2 Wages-Husband 78,200 84,500 W-2 Wages Wife Interest Income-Chase 1,400 Interest Income -N.Y.S. Dormitory Bonds 2,600 N.J. - Higher Educ. Bonds 3,700 Ordinary & Qualified Dividends -Apple Corp 1,250 05/18/18, Sold IBM Corp.-LTCL 07/24/18 Sold GE Corp-STCL (4,500) (2,200) Deductions: NYS Income Tax Withholding (H&W) 9,600 NYS Real Estate Tax-on House NYC/NYS Sales Tax on major purchases 2,000 Interest Expense - Chase Mortgage 2,200 Contributions - To Recognized Charities 3,200 Tax Preparation Fees Unreimbursed business expenses 7,800 500 4,600 Required: 1) Compute the Smith's Family Taxable Income 2) Compute the Smith's Family Tax liability 3) Compute the Smith's Family Federal Tax Due or Federal Refund