use the following information to calculate the taxable income , total tax liability , credits and payments and taxed due (refund) . i have provided a tax formula in the last picture as a reference . thank you

Income Wages Municipal bond interest Savings account interest Dividends Capital gains/losses Amount $63,000 $500 $5,100 $0 SO Amount Expenses Medical expenses (before % of AGI floor) Property taxes Mortgage interest Donation to charity (cash, properly substantiated) Student loan interest Federal income tax withholding State income tax withholding $3.000 $9,000 $9.900 $1,000 $3,000 $4,000 $1,500 Income Items Gross receipts or sales Amount $37,700 Expenses Advertising Insurance Office expense Building rent Supplies Taxes and licenses Utilities Business Meals (100% of amount paid) Client Entertainment New Office Furniture (7-year property) Amount $600 $3,000 $1,000 $12.000 $1,050 $3,500 $1,000 $600 $500 $20.000 Ms. Taxpayer is 48 years old. Her spouse passed away in 2018, and she is not remarried. Cam Taxpayer tums 16 in 2021. Ms. Taxpayer will continue to provide all of Cam's support, and Cam will live with Ms. Taxpyer for the entire year. Cam will have 2021 gross income of $5,000 from a summer job. Ms. Taxpayer's architecture business will begin to be more profitable in 2021 due to growth. To accommodate this growth, Ms. Taxpery will purchase office furniture ($20,000: 7-year recovery period). She will place the new assets in service in the fourth quarter of 2021. Ms. Taxpayer does not want to accelerate her depreciation deductions through the use of bonus depreciation because she believes that tax rates will go up in future years and that she will be in a higher marginal tax bracket in future years. Ms. Taxpayer will not contribute to her IRA (or any other retirement account) in 2021 because she wants to devote the funds to growing her business this year. Ms. Taxpayer is not covered by a retirement account at her W-2 job. Ms. Taxpayer purchased a new home in 2021, which resulted in new property taxes and mortgage interest expenses. Ms. Taxpayer is not subject to AMT in 2021, and she has not been subject to AMT in any prior tax year. You do not need to make any AMT calculations for the project. Ms. Taxpayer received the full amount of economic impact payment to which she is entitled in 2021. Economic impact payments are excluded from gross income: you do not need to include any economic impact payments in your calculations. Do NOT include a recovery rebate tax credit in the 2021 calculations. Ms. Taxpayer will not receive a state income tax refund in 2021 Important Note: to calculate QBI, use net profit from self-employment minus the deductible portion of SE taxes; see Example excel file Important Note: to calculate Modified Taxable Income for purposes of the QBI deduction, use AGI minus the greater of (i) standard deduction or (ii) itemized deductions; see Example excel file Important Note: for 2021 only, Congress increased the child tax credit amount to $3,000 ($3,600 for children under 6); no changes were made to the amount of the other dependent tax credit . . Gross Income Minus. adjustments Equals: AGI Minus: Greater of (a) SD or (b) IDs and QBI deduction Equals: Taxable Income Times: Tax rates Equals: Income Tax Liability Add: Other taxes Equals: Total Tax Liability Minus: Credits and Prepayments Equals. Taxes due or (refund Income Wages Municipal bond interest Savings account interest Dividends Capital gains/losses Amount $63,000 $500 $5,100 $0 SO Amount Expenses Medical expenses (before % of AGI floor) Property taxes Mortgage interest Donation to charity (cash, properly substantiated) Student loan interest Federal income tax withholding State income tax withholding $3.000 $9,000 $9.900 $1,000 $3,000 $4,000 $1,500 Income Items Gross receipts or sales Amount $37,700 Expenses Advertising Insurance Office expense Building rent Supplies Taxes and licenses Utilities Business Meals (100% of amount paid) Client Entertainment New Office Furniture (7-year property) Amount $600 $3,000 $1,000 $12.000 $1,050 $3,500 $1,000 $600 $500 $20.000 Ms. Taxpayer is 48 years old. Her spouse passed away in 2018, and she is not remarried. Cam Taxpayer tums 16 in 2021. Ms. Taxpayer will continue to provide all of Cam's support, and Cam will live with Ms. Taxpyer for the entire year. Cam will have 2021 gross income of $5,000 from a summer job. Ms. Taxpayer's architecture business will begin to be more profitable in 2021 due to growth. To accommodate this growth, Ms. Taxpery will purchase office furniture ($20,000: 7-year recovery period). She will place the new assets in service in the fourth quarter of 2021. Ms. Taxpayer does not want to accelerate her depreciation deductions through the use of bonus depreciation because she believes that tax rates will go up in future years and that she will be in a higher marginal tax bracket in future years. Ms. Taxpayer will not contribute to her IRA (or any other retirement account) in 2021 because she wants to devote the funds to growing her business this year. Ms. Taxpayer is not covered by a retirement account at her W-2 job. Ms. Taxpayer purchased a new home in 2021, which resulted in new property taxes and mortgage interest expenses. Ms. Taxpayer is not subject to AMT in 2021, and she has not been subject to AMT in any prior tax year. You do not need to make any AMT calculations for the project. Ms. Taxpayer received the full amount of economic impact payment to which she is entitled in 2021. Economic impact payments are excluded from gross income: you do not need to include any economic impact payments in your calculations. Do NOT include a recovery rebate tax credit in the 2021 calculations. Ms. Taxpayer will not receive a state income tax refund in 2021 Important Note: to calculate QBI, use net profit from self-employment minus the deductible portion of SE taxes; see Example excel file Important Note: to calculate Modified Taxable Income for purposes of the QBI deduction, use AGI minus the greater of (i) standard deduction or (ii) itemized deductions; see Example excel file Important Note: for 2021 only, Congress increased the child tax credit amount to $3,000 ($3,600 for children under 6); no changes were made to the amount of the other dependent tax credit . . Gross Income Minus. adjustments Equals: AGI Minus: Greater of (a) SD or (b) IDs and QBI deduction Equals: Taxable Income Times: Tax rates Equals: Income Tax Liability Add: Other taxes Equals: Total Tax Liability Minus: Credits and Prepayments Equals. Taxes due or (refund