$*****$

ax Information for the Johnsons for $2023$:

Wages: Sarah $($$$72,500),$ James $($$$58,500)$

Interest Income: $$1,300$

Dividend Income: $$550$

Long$-$term capital gains: $$3,700$

Qualified Business Income $($QBI$)$ from Sarah's sole proprietorship: $$47,500$

Itemized Deductions: Medical Expenses: $$6,800,$ State and Local Taxes: $$9,200,$ Charitable Contributions: $$2,900$

Allowable deduction for self$-$employment tax: $$3,000$

Calculate Sarah and James's:

Adjusted Gross Income $($AGI$)$

Taxable Income

Potential Child Tax Credits

Total Tax Liability $($Before any other credits$)$