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Alex and Addison are marrled and have the following income Items: Addison's self-employment tax was $4,465. Addison's Schedule C net business profit Is quallfied business
Alex and Addison are marrled and have the following income Items: Addison's self-employment tax was $4,465. Addison's Schedule C net business profit Is quallfied business Income (non-service). The couple have $10,570 itemized deductions and no children or other dependents. Required: Compute thelr Income tax on a joint return. Assume the taxable year is 2022 . Use Indlvidual Tax Rate Schedules and Standard Deduction Table. Note: Round your Intermedlate calculations and final answers to the nearest whole dollar amount
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