Bart and Elizabeth Forrest are married and have no dependents. They have asked you to advise them whether they should file jointly or separately in 2020. Bart incurred some significant medical expenses during the year related to an unexpected surgery. They present you with the following information: Bart Elizabeth Joint $38,000 Salary (Bart) Salary (Elizabeth) Interest income 400 $110,000 1,200 14,000 $2,200 Deductions for AGI 2,400 Medical expenses 10,427 3,358 900 State income tax 11,800 Real estate tax 5,800 4,200 Mortgage interest Unreimbursed employee expenses 1,200 If they file separately, Bart and Elizabeth will split the real estate tax and mortgage interest deductions equally If an amount is zero, enter "0". Do not round your intermediate tax computations but round your final tax answers to the nearest dollar. Round all other computations to the nearest dollar. Complete the comparison table through AGI, then compute the total amount of the itemized deductions on the separate schedule before completing the remainder of the table, Bart Elizabeth Joint Salary() Salary(Elizabeth) interest income Gross income Less deductions for AGI NGI Medical expenses ser 7.5% of AG Moor State income and real estate taxes Mortgage interest Total itemized deduction (MAS) o standard deduction (MF) Total deductions from AG Txable income Savings from oth Toxing sepatu Tabling your of the amount over- $ 14,100 2020 Tax Rate Schedules Single--Schedule X Head of household-Schedule z If taxable of the If taxable income is: But not amount Income is: But not Over Over The tax is: over Over over- The tax is: S 0 $ 9,875 ....... 10% $ 0 $ 0 S 14,100 ........10% 9,875 40,125 5 987.50 +12% 9.875 14,100 53,700 $ 1,410,00 + 12% 40,125 85,525 4,617.50 +229 40,125 53,700 85,500 6,162.00 +2296 85,525 163,300 14,605.50 +2496 85,525 85,500 163,300 13,158.00 + 24% 163,300 207,350 33,271.50 + 32% 163,300 163,300 207,350 31,830.00+ 329 207.350 518,400 47,367.50+ 35% 207,350 207,350 518,400 45,926.00 + 35% 518.400 156,235.00 + 37% 518,400 518,400 154,793.50 +37% Married filing jointly or Qualifying widow(er) Married filing separately-Schedule Y-2 Schedule Y-1 If taxable of the If taxable income is: But not amount income is: But not Over- over The tax is: over Over Over The tax is: $ 0 $ 19,750 $ 0 5 0 $ 9,875 . 10% 19,750 80,250 $ 1,975.00 +12% 19,750 9,875 40,125 $ 987.50 + 1296 80,250 171.050 9,235.00 +22% 80,250 40,125 85,525 4,617.50 +22% 171,050 326,600 29,211.00 +24% 171,050 85,525 163,300 14,605.50 +24% 326,600 414,700 66,543.00 + 32% 326,600 163,300 207,350 33,271.50 + 32% 414,700 622,050 94.735.00+ 35% 414,700 207.350 311,025 47,367.50 35% 622.050 167,307,50 +37% 622,050 311,025 83.653.75 -37% 53,700 85,500 163,300 207,350 518,400 of the amount Over 10% 0 5 9,875 40,125 85,525 163,300 207.350 311,025