Please use current tax rates, exemptions, and laws. Be sure to show ALL of your work so that I can give you partial credit. Use 2022 tax law.

Use these instructions: 2022 Instruction 1040 (irs.gov).

None of the parents received Advance Child Tax Credit Payments.

John and Mary are in their 50s, married, and have no children. They have salaries of a total of $100,000 with 18,000 in Federal withholding. They have the following other items of note:

Interest from Bank of Texas 10,000

Qualifying dividends 3,000

Non-qualifying dividends 2,000

Sales of the following securities:

Stock:	Bought	Sold	Sales Price	Cost
Blue	01/01/85	02/01/21	3000	2000
Amber	01/01/21	02/01/21	15000	14000
Green	01/01/85	02/01/21	12000	8000
Red	01/01/21	02/01/21	3000	4000
Purple	01/01/21	02/01/20	5000	2000

What are their net long term capital gains or losses?

What are their net short term capital gains or losses?

Compute their adjusted gross income.

Compute their taxable income.

Compute their tax due or refund.