use current tax rates, exemptions, and laws. Be sure to show ALL of your work so that I can give you partial credit. Use $2023$ tax law.

Use these instructions: $2023$ Instruction $1040($irs$.$gov$).$ John $(68)$ and Jane $(66)$ are married with no children. Their income from salaries is $60,000$ and they had interest income on CDs of $5,000.$ They had deductions for adjusted gross income of $$3,000$ and itemized deductions of $$12,000.$ Calculate their taxable income.