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Alex and Addison are married and have the following income items: Addison's self-employment tax was $4,974. Addison's Schedule C net business profit is qualified business
Alex and Addison are married and have the following income items: Addison's self-employment tax was $4,974. Addison's Schedule C net business profit is qualified business income (non-service). The couple have $9,970 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
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