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Cole, an unmarried individual with no dependents, has the following income items: Interest income Schedule C net profit $ 24,500 52,520 Cole has $9,450

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Cole, an unmarried individual with no dependents, has the following income items: Interest income Schedule C net profit $ 24,500 52,520 Cole has $9,450 itemized deductions and the Schedule C Income is qualified business income (non-service). Required: Compute Cole's income tax. 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. Answer is complete but not entirely correct. Amount AGI $ 73,310 Taxable Income $ 60,760 Income Tax 13,367

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