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Andy and Currie met in Tax class and were married. They have five children: Miranda age 5, Maggie age 10, Ben age 12, Jennifer age 15, and Gab age 20. Gab has his own apartment but he works in the family business, he earned $25,000 last year. Andy works for a CPA firm. In 2021 he earned $87,000, $12,000 of federal income tax was withheld, and $3,000 of state income tax was withheld. In addition, they earned $300 of interest on their joint savings account, they received dividends of $1,200 on stock that they own (all the dividends are qualified), and they sold 100 shares of stock for $20 a share (they paid $10 a share three years ago). Currie operates a welding shop in a facility that she rents. The business motto is Still not as fun as Tax Class. She operates as a sole proprietor, she has one part-time employee, plus Luke who does most of the welding (the rest of the children have to clean up the shop each evening before they get their supper). Income and expenses of the welding business in 2021 were: Gross revenues $242,000 Employee salaries 54,000 Employee payroll taxes 5,400 Building Insurance 16,000 Welding supplies 55,000 Rent 18,900 Any Schedule C profit is QBI.

Currie paid estimated State income tax of $4,300 during the year, and estimated federal income tax of $15,000. Currie also owns 50% of a pet rock business named 'Tax beats Rock'. She helps Abby, a former tax classmate, run the business. The business is organized as a Subchapter S corporation. In 2021, the business net profit was $100,000 so Currie's share was $50,000. All the business income was QBI. In addition, the family also had the following expenses: Family medical and dental expenses $19,000 Real estate taxes 3,400 Home mortgage interest 9,000 (their mortgage is $300,000) Credit card finance charges 2,600 Sales tax 4,200 Cash donations to their church 4,000

Assume that there is no Alternative Minimum Tax (AMT) for them.

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