Mr. and Mrs. S have the following income items: Mr. Ss Schedule C net profit .$91,320 Mrs.

Question:

Mr. and Mrs. S have the following income items:
Mr. S’s Schedule C net profit …………….$91,320
Mrs. S’s Schedule C net loss …………….. (7,480)
Mrs. S’s taxable pension …………………. 12,300
Mr. S’s self-employment tax was $12,903. The couple had $13,050 itemized deductions. They provide 100 percent of the financial support of Mr. S’s 82-year-old mother, who resides in their home. Compute the couple’s income tax on a joint return.