A couple filed a join tax return for 2019. They dont have any children.

Their 2019 Income is as follows:

W2	$ 50,000
Schedule C	$ 50,000
Interest income	$ 500
Educator expenses	$ 250
Itemized deductions	$ 5,000

7- Compute the Adjusted Gross Income (show all calculations) $__________

8. -Compute the taxable Income: $________
9. - Compute the regular tax owed using the 2019 tax tables: $_________

10- How much is the self-employment tax? $__________

11. Compute the Qualified Income deduction $___________
12. What is the date for filing the 2019 tax return? __________________________
13. What is the date for paying the 2019 tax due? ___________________________

of the amount over- $ 0 13,850 Single-Schedule X If taxable of the income is: But not amount Over- over- The tax is: over- $ 0 $ 9,700 .........10% $ 0 9,700 39,475 $ 970.00 + 12% 9,700 39,475 84,200 4,543.00 + 22% 39,475 84,200 160,725 14,382.50 +24% 84,200 160,725 204,100 32,748.50 + 32% 160,725 204,100 510,300 46,628.50 + 35% 204,100 510,300 153,798.50 + 37% 510,300 Married filing jointly or Qualifying widow(er)- Schedule Y-1. If taxable income is: But not amount Over- over- The tax is: over- $ 0 $ 19,400 ......... 10% $ 0 19,400 78,950 $ 1,940.00 + 12% 19,400 78,950 168,400 9,086.00 + 22% 78,950 168,400 321,450 28,765.00 + 24% 168,400 321,450 408,200 65,497.00 + 32% 321,450 408,200 612,350 93,257.00 + 35% 408,200 612,350 164,709.50 + 37% 612,350 Head of household Schedule Z If taxable income is: But not Over- over- The tax is: $ 0 $ 13,850 ......... 10% 52,850 $ 1,385.00 + 12% 52,850 84,200 6,065.00 + 22% 84,200 160,700 12,962.00 + 24% 160,700 204,100 31,322.00 + 32% 204,100 510,300 45,210.00 + 35% 510,300 152,380.00 + 37% Married filing separatelySchedule Y-2 13,850 52,850 84,200 160,700 204,100 510,300 of the of the amount over- The tax is: ......... 10% 0 If taxable income is: Over- $ 0 9,700 39,475 84,200 160,725 204,100 306,175 But not over- $ 9,700 39,475 84,200 160,725 204,100 306,175 $ 970.00 + 12% 4,543.00 + 22% 14,382.50 +24% 32,748.50 + 32% 46,628.50 + 35% 82,354.75 + 37% 9,700 39,475 84,200 160,725 204,100 306,175