Randy and Sharon are married and have two dependent children. Their 2018 tax and other related information is as follows: Total salaries $160,000 Bank account interest income 3,500 Municipal bond interest income 1,500 Value of employer provided medical insurance 12,500 Employer paid premiums for $50,000 of group term life insurance 5,500 Dividend income from ABC stock 2.000 Loan from Randy's parents 5.000 Gift from Randy's parents 15,000 Gain from the sale of qualified small business stock acquired in 2008 18,000 Total itemized deductions 27.000 Randy and Sharon are married and have two dependent children. Their 2018 tax and other related information is as follows: Total salaries $160,000 Bank account interest income 3,500 Municipal bond interest income 1,500 Value of employer provided medical insurance 12,500 Employer paid premiums for $50,000 of group term life insurance 5,500 Dividend income from ABC stock 2.000 Loan from Randy's parents 5.000 Gift from Randy's parents 15,000 Gain from the sale of qualified small business stock acquired in 2008 18,000 Total itemized deductions 27.000