The Chungs are married with one dependent child. They report the following information for $2023$:

Required:

Compute AGI, taxable income, and total tax liability $($including self$-$employment tax$).$ Assume that Schedule C net profit is qualified

business income $($non$-$service income$)$ under Section $199$A$.$ Assume the taxable year is $2023.$ Use Individual Tax Rate Schedules and

Standard Deduction Table.

Note: Do not round intermediate computations. Round your final answers to the nearest whole dollar amount.

Answer is complete but not entirely correct.