For this week's group discussion$/$assignment$,$ you will work together to solve the below Tax Formula Comprehensive problem. Attach your agreed$-$upon final solution to the discussion board by Sunday and follow the expectations for group work set in your charter.

George, age $66,$ and Beth, age $59,$ are married and file a joint return. During the year they received:

$$262,000$ in wages

$$2,000$ in interest on their savings account

$$1,500$ in interest from City of Boston Bonds

They paid:

$$3,000$ in student loan interest

$$8,000$ in mortgage interest

$$11,000$ in charitable donations

$$3,000$ in real estate taxes

$4,000$ in state income taxes

They support George$$s mother since she has no income. She lives in an assisted living center in town because she is legally blind. They also support their daughter Frances, who lives with them while she goes to school full$-$time. She is $26$ years old and has a part$-$time job waitressing once a week where she earns $$3,000.$

Provide detailed calculations of George and Beth$$s taxable income and tax due$/($refund$)?($show ALL of your work and use the $2024$ tax rate schedules from your textbook or the IRS$).$