Gary and Wendy are married and file a joint tax return claiming their seven children, ages 6, 8, 10, 12, 14, 16 and 18, as dependents. They pay Susan Smith $18,000 per year to care for their children after school and provide some house cleaning (you can ignore household employment taxes). Information for 2018 includes the following: AGI including Gary's earned income of $375,000 and Wendy's earned income of $35,000 Federal income taxes (all paid in 2018) State and local income taxes (all paid in 2018) Real estate property taxes Home mortgage interest $420,000 80,000 11,000 8.300 12.500 7.200 (You can ignore any possible additional medicare tax and net investment income tax. Starting with AGI, show each step of the tax formula and calculate taxable income, tax (before credits), child tax credit, child &dependent care credit, total tax credits, total tax (after credits), tax due (refund due). The rows could be labeled as follows: AGI Less from AGI deductions: Itemized Deductions Exemptions Taxable Income Tax on Taxable Income (before credits) Less Tax Credits: Child Tax Credit Child & Dependent Care Credit Total Tax Credits Total Tax After Credits Tax Due (Refund Due)