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assume taxable year is 2022 Alex and Addison are married and have the following income items: Addison's self-employment tax was $5,906. Addison's Schedule C net
assume taxable year is 2022
Alex and Addison are married and have the following income items: Addison's self-employment tax was $5,906. Addison's Schedule C net business profit is qualified business income (nonservice). The couple have $8,070 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 calcutlations and final answers to the nearest whole dollar amount Step by Step Solution
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