The task will be evaluated with a rubric on a scale of 4 for each situation. Exercise \#1 (4 points) Daniel, age 28, married Doris, age 27, in 2023. Their salaries for the year amounted to $48,000 and they had interest income of $2,500. Daniel and Doris's deduction for adjusted gross income amounted to $3,000, their itemized deductions were $16,000, and they have no dependents. Their 2023 EIP was equal to the 2023 RRC. a. What is the amount of their adjusted gross income? b. What is the amount of their itemized deductions or standard deduction? c. What is the amount of their taxable income? d. Assuming no tax credits apply, what is their tax liability for 2022? Exercise \#2 (4 points) Federico, age 35, and Janice, age 34 , are married and file a joint income tax return for 2023. Their salaries for the year total $85,400 and they have taxable interest income of $4,000. They have no deductions for adjusted gross income. Their itemized deductions are $25,200. Federico and Janice do not have any dependents. a. What is the total income? b. What is the amount of their adjusted gross income? c. What is their deduction for personal exemptions? d. What is the amount of their taxable income? Exercise \#3 (4 points) Gabriel is a server at a La Isla restaurant. Gabriel received $1,200 in unreported tips during 2023 and owes Social Security and Medicare taxes on these tips. His total income for the year, including the tips, is $4,300. Is Grabriel required to file an income tax return for 2023 ? Why or why not? Exercise \#4 (4 points) Determine from the tax table the amount of the income tax (before any credits) for each of the following taxpayers for 2023. Please: present procedure. Exercise \#5 (4 points) What is the total dollar amount of personal and dependency exemptions a married couple with two children (age 11 and 14, both of which are qualified children) and $80,000 of adjusted gross income would deduct in 2023? What is the total child and other dependent credit that could be claimed (before any advance payments or limitations)? Exercise \#6 (4 points) Go to the IRS website and note the name of the most recent news release