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Ali and Alex Arnaud are married with no dependent children. Ali worked for Smart Tech Corporation January through March and for Computer Associates the remainder

Ali and Alex Arnaud are married with no dependent children. Ali worked for Smart Tech Corporation January through March and for Computer Associates the remainder of the year. Alex completed a degree in November and immediately began as an associate with Smith and Weber. They report the following information for 2023. Use Individual Tax Rate Schedules and Standard Deduction Table.
Alis salary from Smart Tech $ 32,000
Alis salary from Computer Associates 142,000
Alex's salary from Smith and Weber 15,550
Interest from savings account 700
Itemized deductions 9,000
Dividends eligible for 15% rate 2,200
Required:
Compute net tax liability (after credits).
AGI is $192,450
Taxable Income is $164,750Ali and Alex Arnaud are married with no dependent children. Ali worked for Smart Tech Corporation January through March and for
Computer Associates the remainder of the year. Alex completed a degree in November and immediately began as an associate with
Smith and Weber. They report the following information for 2023. Use Individual Tax Rate Schedules and Standard Deduction Table.
Required:
a. Compute AGI.
b. Compute taxable income.
c. Compute net tax liability (after credits).
Answer is complete but not entirely correct.
Complete this question by entering your answers in the tabs below.
Required C
Compute net tax liability (after credits).
Note: Round your intermediate calculations and final answer to the nearest whole dollar amount.Ali and Alex Arnaud are married with no dependent children. Ali worked for Smart Tech Corporation January through March and for
Computer Associates the remainder of the year. Alex completed a degree in November and immediately began as an associate with
Smith and Weber. They report the following information for 2023. Use Individual Tax Rate Schedules and Standard Deduction Table.
Required:
a. Compute AGI.
b. Compute taxable income.
c. Compute net tax liability (after credits).
Answer is complete but not entirely correct.
Complete this question by entering your answers in the tabs below.
Required C
Compute net tax liability (after credits).
Note: Round your intermediate calculations and final answer to the nearest whole dollar amount.
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