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Alex and Addison are married and have the following income items: Alexs salary $ 63,000 Addisons Schedule C net profit 46,800 Interest income 2,150 Addisons
Alex and Addison are married and have the following income items: Alexs salary $ 63,000 Addisons Schedule C net profit 46,800 Interest income 2,150 Addisons 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.
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