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Alex and Addison are married and have the following income items: Alex's salary $ 63, 000 Addison's Schedule C net profit 46, 800 Interest income

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Alex and Addison are married and have the following income items: Alex's salary $ 63, 000 Addison's Schedule C net profit 46, 800 Interest income 2, 150 Addison's self-employment tax was $6,613. Addison's Schedule C net business profit is qualified business income (non-service). The couple have $9,770 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. Amount AGI Taxable Income Income TaxChandler and Cassidy are married and file a joint return. Chandler is age 66, and Cassidy is age 68. They report the following income items: Dividend eligible for 0% preferential rate $ 4,000 Capital gain eligible for 0% preferential rate 3,500 Chandler's salary 44, 475 Their itemized deductions totaled $7,590, and they have no 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. Amount AGI Taxable Income Income TaxIndividual Tax Rate Schedules Married Filing Jointly and Surviving Spouse If taxable income is The tax is Not over $20,550 10% of taxable income Over $20,550 but not over $83,550 $2,055.00 + 12% of excess over $20,550 Over $83,550 but not over $178,150 $9,615.00 + 22% of excess over $83,550 Over $178,150 but not over $340,100 $30,427.00 + 24% of excess over $178,150 Over $340,100 but not over $431,900 $69,295.00 + 32% of excess over $340,100 Over $431,900 but not over $647,850 $98,671.00 + 35% of excess over $431,900 Over $647,850 $174,253.50 + 37% of excess over $647,850 Married Filing Separately If taxable income is The tax is Not over $10,275 10% of taxable income Over $10,275 but not over $41,775 $1,027.50 + 12% of excess over $10,275 Over $41,775 but not over $89,075 $4,807.50 + 22% of excess over $41,775 Over $89,075 but not over $170,050 $15,213.50 + 24% of excess over $89,075 Over $170,050 but not over $215,950 $34,647.50 + 32% of excess over $170,050 Over $215,950 but not over $323,925 $49,335.50 + 35% of excess over $215,950 Over $323,925 $87,126.75 + 37% of excess over $323,925 Head of Household If taxable income is The tax is Not over $14,6 0% of taxable income Over $14,650 but not over $55,900 $1,465.00 + 12% of excess over $14,650 Over $55,900 but not over $89,050 $6,415.00 + 22% of excess over $55,900 Over $89,050 but not over $170,050 $13,708.00 + 24% of excess over $89,050 Over $170,050 but not over $215,950 $33,148.00 + 32% of excess over $170,050 Over $215,950 but not over $539,900 $47,836.00 + 35% of excess over $215,950 Over $539,900 $161,218.50 + 37% of excess over $539,900 Single If taxable income is The tax is Not over $10,275 10% of taxable income Over $10,275 but not over $41,775 $1,027.50 + 12% of excess over $10,275 Over $41,775 but not over $89,075 $4,807.50 + 22% of excess over $41,775 Over $89,075 but not over $170,050 $15,213.50 + 24% of excess over $89,075 Over $170,050 but not over $215,950 $34,647.50 + 32% of excess over $170,050 Over $215,950 but not over $539,900 $49,335.50 + 35% of excess over $215,950 Over $539,900 $162,718 + 37% of excess over $539,900Married filing jointly and surviving spouses $25,900 Married filing separately 12,950 Head of household 19,400 Single 12,950

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