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Alex and Addison are married and have the following income items: Alex's salary Addison's Schedule C net profit Interest income $ 46,750 $1,300 2,3001
Alex and Addison are married and have the following income items: Alex's salary Addison's Schedule C net profit Interest income $ 46,750 $1,300 2,3001 Addison's self-employment tax was $7,248. Addison's Schedule C net business profit is qualified business income (non-service). The couple have $10,070 itemized deductions and no children or other dependents. Required: Compute their income tax on a joint return. Assume the taxable year is 2022. Use Individual Tax Rate Schedules and Standard Deduction Table Note: Round your intermediate calculations and final answers to the nearest whole dollar amount. ces AGI Taxable Income Income Tax Amount Check
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