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6. John and Martha Holloway are married filing jointly. They are 35 and 31 years old, respectively. Additional information about Mr. and Mrs. Holloway is

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6. John and Martha Holloway are married filing jointly. They are 35 and 31 years old, respectively. Additional information about Mr. and Mrs. Holloway is as follows: Social security number: John: 412-34-5670 Date of birth: 3/4/1985 W-2 for John shows these amounts: Wages (box 1) - $ 22,000.00 Federal W/H (box 2) = $ 1,500.00 Social security wages (box 3) = $ 22,000.00 Social security W/H (box 4) = $ 1,364.00 Medicare wages (box 5) = $ 22,000.00 Medicare W/H (box 6) = $ 319.00 Social security number: Martha: 412-34-5671 Date of birth: 8/20/1989 W-2 for Martha shows these amounts: Wages (box 1) = $35,500.00 Federal W/H (box 2) = $ 3,100.00 Social security wages (box 3) = $ 35,500.00 Social security W/H (box 4) = $2,201.00 Medicare wages (box 5) = $ 35,500.00 Medicare W/H (box 6) = $ 514.75 Form 1099-DIV for Martha shows this amount: Box 1a and box 1b = $345.00 from MAR Brokerage. Form 1099-INT for Martha shows these amounts: Box 1 = $450.00 from ABC Bank. Box 4 = $35.00 John is a maintenance worker, and Martha is a Human Resources Manager. Mr. and Mrs. Holloway had qualifying health care coverage at all times during the tax year. Mr. and Mrs. Holloway did not receive, sell, send, exchange, or otherwise acquire any financial interest in any virtual currency during 2020. Determine their Taxable income and tax liability assuming MFJ. Determine the taxes either by using the tax tables or Tax rate schedule as appropriate for this situation

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