Ballory and Malcolm are married and file a joint rotum. Moilory owns an unincorporated dental practice, Malcolm works part-time as a high school math teacher, and pends the remainder of his time caring for their daughter. During 2019, they report the following items: (Click the icon to view the data) Click the icon to view the 2019 standard deduction amounts) Read the requirements GE Requirement a. What is Mallory and Malcolm's taxable income or loss for the year? (Use a minus sign or parentheses for a loss or negative adjusted gross income.) Minus Net business income (loss) Adjusted gross income Taxable income foss) STANDARD DEDUCTION Filing Status $ 24,400 $ 18,350 $ 12,200 $ 12,200 Married individuals filing joint returns and surviving spouses Heads of households Unmarried individuals (other than surviving spouses and heads of households) Married individuals filing separate retums Additional standard deduction for the aged and the blind; Individual who is married and surviving Spouses Additional standard deduction for the aged and the blind; Individual who is unmarried and not a surviving spouse Taxpayer claimed as dependent on another taxpayer's return: Greater of (1) earned income plus $350 or (2) $1,100. *These amounts are $2,600 and $3,300, respectively, for a taxpayer who is both aged and blind. $1,300 $1,650 16,2 of 10 points X 12 Homework: Chapter Homework Save Data table as a high school math teacher and Mallory and Maloolm are married and spends the remainder of his time card (Click the icon to view the data) (Click the icon to view the 2019 17,000 1,300 12.900 9,100 Read the requirements 67,000 Malcolm's salary Interest eamed on savings account Interest paid on personal residence Homized deductions for state and local taxes Items relating to Mallory's dental practice Revenues Payroll and salary expense Supplies Rent Advertising Depreciation or negative adjusted gross incon Requirement a. What is Mallory and 43,000 10,000 16,200 4.500 8.300 Minus: Net business income (loss) Print Done Adjusted gross income Taxable income (loss)