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 2022. 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

STANDARD DEDUCTION TABLE:

Please solve:

a. Compute AGI?

b. Compute taxable income?

c. Compute net tax liability (after credits)?

Individual Tax Rate Schedules \begin{tabular}{|l|r|} \hline Married filing jointly and surviving spouses & $25,900 \\ \hline Married filing separately & 12,950 \\ \hline Head of household & 19,400 \\ \hline Single & 12,950 \\ \hline \end{tabular}