$*****$

Tax Information for the Millers for $2023$:

Wages: Sarah $($$$85,000),$ James $($$$70,000)$

Interest Income: $$1,500$

Dividend Income: $$600$

Long$-$term capital gains: $$4,500$

Qualified Business Income $($QBI$)$ from Sarah's sole proprietorship: $$60,000$

Itemized Deductions: Medical Expenses: $$7,500,$ State and Local Taxes: $$11,000,$ Charitable Contributions: $$3,200$

Allowable deduction for self$-$employment tax: $$4,000$

Calculate Sarah and James's:

Adjusted Gross Income $($AGI$)$

Taxable Income

Potential Child Tax Credits

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