Mr$.$ and Mrs$.$ Poe earned $$135,900$ compensation income and $$963$ interest this year and recognized a $$600$ short$-$term capital gain and a $$7,200$ long$-$term capital gain on the sale of securities$.$ They incurred $$4,400$ investment interest expense and $$28,500$ other itemized deductions. Use $2023$ Individual tax rate schedules and Tax rates for capital gains and qualified dividends.

Required: Compute the Poes$$ income tax on a joint return if they don$$t elect to treat long$-$term capital gain as investment income.

Compute the Poes$$ income tax if they elect to treat enough long$-$term capital gain as investment income to allow them to deduct their investment interest.