The Gannon family tells you the following regarding their financial situation for 2017: Their salary is $86,500. They paid real estate taxes of $10,000 and interest on their mortgage of $2,800. They earned interest of $800 from a savings account and $1,800 from an ithaca City water bond. They pai $600 to various charities. They also made $2,000 on the sale of their SunEdison stock they had just purchased 3 months ago. And they sold their G stock, which they had owned for 4 years, and made $3,000 on it. The couple has 2 children. Exemptions are $3,800 each. 1. What is the family's taxable income? A. $60,700 B. $63,700 C.$58,300 D. $60,300 E. $62,300 2. What is the family's total tax liability given the brackets below: Bracket Rate 0-$20,000 15% 20,000.01-$60,000 60,00.01-$120,000 20% 25% 30% over $120,000.01 A. $12,450 B. $11,175 C.$12,075 D. $12,625 E. $11,625