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Alex and Addison are married and have the following income items: Alex s salary $ 4 5 , 5 0 0 Addison s Schedule C
Alex and Addison are married and have the following income items:
Alexs salary $
Addisons Schedule C net profit
Interest income
Addisons selfemployment tax was $ Addison's Schedule C net business profit is qualified business income nonservice The couple have $ itemized deductions and no children or other dependents.
Required:
Compute their income tax on a joint return. Assume the taxable year is Use Individual Tax Rate Schedules and Standard Deduction Table.
Note: Round your intermediate calculations and final answers to the nearest whole dollar amount.
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