$*****$

Tax Information for the Andersons for $2023$:

Wages: Sarah $($$$65,000),$ James $($$$55,000)$

Interest Income: $$1,000$

Dividend Income: $$400$

Long$-$term capital gains: $$3,200$

Qualified Business Income $($QBI$)$ from Sarah's sole proprietorship: $$40,000$

Itemized Deductions: Medical Expenses: $$5,200,$ State and Local Taxes: $$8,700,$ Charitable Contributions: $$2,500$

Allowable deduction for self$-$employment tax: $$2,800$

Calculate Sarah and James's:

Adjusted Gross Income $($AGI$)$

Taxable Income

Potential Child Tax Credits

Total Tax Liability $($Before any other credits$)$