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Michael and Jessica are married and file jointly. They have one child, age $16.$ Their $2023$ tax information is as follows:

Wages: Michael $($$$90,000),$ Jessica $($$$55,000)$

Short$-$term capital losses: $$4,000$

Qualified Business Income $($QBI$)$ from Jessica's sole proprietorship: $$38,000$

Itemized Deductions:

Mortgage interest: $$8,700$

State and Local Taxes: $$7,000$

Charitable Contributions: $$3,200$

Allowable deduction for self$-$employment tax: $$2,850$

Calculate Michael and Jessica's:

Adjusted Gross Income $($AGI$)$

Taxable Income

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