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William and Elizabeth are married, filing jointly, with two children ages $4$ and $2.$ Their $2023$ tax information is as follows:

Wages: William $($$$65,000),$ Elizabeth $($$$42,000)$

Rental income: $$8,000$

Dividend Income: $$1,500$

Itemized Deductions:

Medical Expenses: $$4,500$

State and Local Taxes: $$10,000$

Allowable deduction for self$-$employment tax: $$0($none$)$

Calculate William and Elizabeth's:

Adjusted Gross Income $($AGI$)$

Taxable Income

Potential Child Tax Credits

$*$

$*$

$*$

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