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7 Mr. and Mrs. Daku have the following income items: 1 points Mr. Daku's salary Mrs. Daku's Schedule C net profit Interest income $ 51,
7 Mr. and Mrs. Daku have the following income items: 1 points Mr. Daku's salary Mrs. Daku's Schedule C net profit Interest income $ 51, 250 42,000 1,550 Mrs. Daku's self-employment tax was $5,934. Mrs. Daku's Schedule C net business profit is qualified business income (non-service). The couple have $8,570 itemized deductions and no children or other dependents. eBook Required: Compute their income tax on a joint return. Assume the taxable year is 2020. Use Individual Tax Rate Schedules and Standard Deduction Table. (Round your intermediate calculations and final answers to the nearest whole dollar amount.) Print References AGI Amount $ 91,833 $ 53,626 6,040 Taxable income Income tax 7 Mr. and Mrs. Daku have the following income items: 1 points Mr. Daku's salary Mrs. Daku's Schedule C net profit Interest income $ 51, 250 42,000 1,550 Mrs. Daku's self-employment tax was $5,934. Mrs. Daku's Schedule C net business profit is qualified business income (non-service). The couple have $8,570 itemized deductions and no children or other dependents. eBook Required: Compute their income tax on a joint return. Assume the taxable year is 2020. Use Individual Tax Rate Schedules and Standard Deduction Table. (Round your intermediate calculations and final answers to the nearest whole dollar amount.) Print References AGI Amount $ 91,833 $ 53,626 6,040 Taxable income Income tax
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