Chandler and Cassidy are married and file a joint return. Chandler is age 66, and Cassidy is age 68. They report the following income items: Dividend eligible for 0% preferential rate $ 3,900 Capital gain eligible for 0% preferential rate 3,400 Chandlers salary 44,450 Their itemized deductions totaled $7,390, and they have no dependents.

Chandler and Cassidy are married and file a joint return. Chandler is age 66 , and Cassidy is age 68. They report the following income items: Their itemized deductions totaled $7,390, and they have no 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 calculations and final answers to the nearest whole dollar amount