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 and Mary are in their $50$s$,$ married, and have no children. They have salaries of a total of $$100,000$ with $18,000$ in Federal withholding. They have the following other items of note:

Interest from Bank of Texas $10,000$

Qualifying dividends $3,000$

Non$-$qualifying dividends $2,000$

Sales of the following securities:

Stock:

Bought Sold Sales Price

Cost

Blue $01/01/8502/01/233,0002,000$

Amber $01/01/2302/01/2315,00014,000$

Green $01/01/8502/01/2312,0008,000$

Red $01/01/2302/01/233,0004,000$

Purple $01/01/2302/01/235,0002,000$

What are their net long term capital gains or losses?

What are their net short term capital gains or losses?

Compute their adjusted gross income.

Compute their taxable income.

Compute their tax due or refund.