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Larry and Lucy are married, file jointly, and have three dependents ( qualifying children ages 1 3 , 1 6 , and 1 8 )

Larry and Lucy are married, file jointly, and have three dependents(qualifying children ages13,16, and18). They have salaries of $ 145 comma 000, a capital loss of $ 6 comma 000, and tax-exempt interest income of $ 1 comma 300. They paid home mortgage interest of $ 10 comma 000, state income taxes of $ 1 comma 000, property taxes of $ 2 comma 900, medical expenses of $ 3 comma 000, and charitable contributions of $ 7 comma 000. Federal income taxes of $ 11 comma 200 were withheld from their paychecks.(The tax year is 2023.)

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