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* * * * * * * * Tax Information for the Evans Family for 2 0 2 3 : Wages: Sarah ( $ 7

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Tax Information for the Evans Family for 2023:
Wages: Sarah ($79,500), James ($64,500)
Interest Income: $1,750
Dividend Income: $700
Long-term capital gains: $4,200
Qualified Business Income (QBI) from Sarah's sole proprietorship: $54,000
Itemized Deductions: Medical Expenses: $7,200, State and Local Taxes: $10,700, Charitable Contributions: $3,100
Allowable deduction for self-employment tax: $3,600
Calculate Sarah and James's:
Adjusted Gross Income (AGI)
Taxable Income
Potential Child Tax Credits
Total Tax Liability (Before any other credits)

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