In which case you are likely to be overloading this - unles your laptop has one of those “magical” inputs that auto-detect signal level and adapt accordingly to mic and line-level signals (most don’t).
So if that is not the case and your laptop doesn’t have a lin-in socket (most don’t) you should be a candidate for one of the USB interfaces that we know work well with Audacity - see this sticky thread: Sound Card Reviews
WC