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Please taech me how to finish Mr. and Mrs. Z, both in their late 305, le a joint tax return. They have one dependent child

Please taech me how to finish

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Mr. and Mrs. Z, both in their late 305, le a joint tax return. They have one dependent child who is age 5. Mr. Z is an employee with wages = $100,000. Federal tax withholding from his paycheck = $16,000. Their itemized deductions = $30,000. Any preferential tax rate = 0%. Allowable adjustment for retirement account = $5,000. Mrs. Z runs a pa rttime business that she operates as a sole proprietor. This year's information is as follows: Revenue $30,000, Cost of Goods Sold, $16,000, Other Expenses = $4,500 (including cost recovery = $800 and entertainment of clients = $500). She sold some business assets, one for a gain of $1,000, all of which is subject to depreciation recapture, and the others for a net loss of $1,500. Mr. and Mrs. Z have some investments. This year they received $3,000 from an investment in bonds issued by the state of Alabama. They also sold two stocks they had held for several years, one for a gain of $6,000 and one for a loss of $4,000. Calculate Mr. and Mrs. Z's adjusted gross income (AGI), taxable income, total tax liability, and amount due or refund. Show Y work

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