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$[$The following information applles to the questions displayed below.$]$

Demarco and Janine Jackson have been married for $20$ years and have four children $($no children under age $6$ at yearend$)$ who qualify as their dependents $($Damarcus$,$ Jasmine, Michael, and Candice$).$ The couple recelved salary income of $$105,000$ and qualified business income of $$10,000$ from an investment in a partnership, and they sold their home this year. They initally purchased the home thre$$ years ago for $$200,000,$ and they sold it for $$250,000.$ The gain on the sale qualified for the exclusion from the sale of a principal residence. The Jacksons incurred $$16,500$ of itemized deductions, and they had $$4,000$ withheld from their paychecks for federal taxes. They are also allowed to claim a child tax credit for each of their children. However, because Candice was $18$ years of age at year end, the Jacksons may claim a child tax credit for other qualifying dependents for Candice. $($Use the tax rate schedules.$)$

a$.$ What is the Jacksons' taxable income, and what is their tax llability or $($refund$)?$

$\backslash$table$[[$Description$,$Amount$],[(1)$ Gross income,$$,115,000],[(2)$ For AGI deductions,,$0],[(3)$ Adjusted gross income,$$,115,000],[(4)$ Standard deduction,,$],[(5)$ Itemized deductions,,$],[(6)$ Greater of standard deduction or itemized deductions,,$],[(7)$ Deduction for qualified business income,,$2,000],[(8)$ Total deductions from AGI,,$],[(9)$ Taxable income,,$],[(10)$ Income tax liability,,$],[(11)$ Other taxes,$$,0],[(12)$ Total tax,,$],[(13)$ Credits,,$6,500],[(14)$ Prepayments,,$4,000],[$Tax refund with tax return,,$]]$